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Wind Power: Finance

Question for Department for Business, Energy and Industrial Strategy

UIN 185429, tabled on 21 April 2021

To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment his Department has made of the potential merits of ringfencing a portion of CfD Round 4 funding specifically for onshore wind projects.

Answered on

29 April 2021

As my Rt. Hon. Friend the Prime Minister announced through his 10 Point Plan, we plan to hold our most ambitious auction to date for renewable electricity later on this year. The Contracts for Difference (CfD) scheme has been hugely successful in delivering renewable electricity for Great Britain and we hope to build on this success in Auction Round 4. We are preparing for this right now and as with previous rounds, we will seek to balance our objectives of achieving secure, decarbonised electricity at low cost. You can expect auction parameters to be announced closer to round opening.

Answered by

Department for Business, Energy and Industrial Strategy