Government publishes Allocation Round 5 results
Allocation Round 5 Awards a Record Number of Contracts
The Government has today published the results of the fifth Allocation Round in its Contracts for Difference Scheme.
A record total of 95 clean energy projects have been successful with their bids in this latest allocation round - up from 93 in the previous round last year.
Half of this year’s total capacity has been secured by new solar projects, while onshore projects have delivered almost 1.5GW of capacity and secured more than double the projects (24) than last year’s round (10). The latest round also saw a £10m ringfenced budget for tidal stream help to return a record 11 tidal projects, with a total capacity of over 50MW. There are also three winning projects for geothermal for the first time in the scheme’s history, totalling 12MW of capacity.
This will generate enough electricity to power the equivalent of two million homes.
Allocation Round 6 Timeline:
Preparations for the next round, Allocation Round 6 (AR6), are already underway. The Government has today published the indicative timeline for AR6, which is due to start in six months’ time. Further information about AR6 will be shared via the CfD microsite, in due course.
For more information see the AR5 Results and the Government press release