The fourth round of the Contracts for Difference (CfD) auction has opened, with a target of 12GW of electricity capacity set to gain £285 million of funding.
Octopus Energy Group is aiming to raise £4 billion to fund a global expansion of its ‘Fan Club’ tariff model and support gigawatts of associated renewable energy projects through 2030.
Trade body Regen is calling on the government to double the capacity for Pot One technologies in the next Contracts for Difference (CfD) auction to 10GW.
The fourth auction round of the Contracts for Difference (CfD) scheme is to have a £265 million budget, the Department for Business, Energy and Industrial Strategy (BEIS) has said.