{{vm.title}}
25{{vm.includesText}}
{{item}}
{{vm.selectText}}
{{ vm.welcomeLabel.trim() }},
{{ vm.userName }}
{{ vm.text }}
{{vm.newUser1}} {{vm.newUser2}} {{vm.newUser3}} {{vm.newUser4}}
{{ vm.unknownUser }}
{{ vm.primaryTag }}
{{ vm.title }}
{{ vm.description }}
{{ vm.primaryTag }}
{{ vm.title }}
{{ vm.description }}
{{ vm.title }}
{{ vm.description }}
- {{ vm.siteSelectorList.flyout.cell1.heading }} {{ site.countryLocale }} {{ vm.siteSelectorList.flyout.cell1.global.countryLocale }}
{{ vm.closeTabLabel }}
- {{ vm.flyout.cell2.title }} {{ vm.flyout.cell2.newTabAllow }} {{ vm.flyout.cell2.title }}
- {{ vm.flyout.cell3.title }} {{ vm.flyout.cell3.newTabAllow }} {{ vm.flyout.cell3.title }}
- {{ vm.flyout.cell1.viewAll.label }} {{ vm.flyout.cell1.viewAll.newTabAllow }} {{ vm.flyout.cell1.viewAll.label }}
Blown away, CfD Round 3 delivers record low price for offshore wind
CfD Round 3 results
UK Government announces record low prices for offshore wind with the results of the CfD Round 3 auction.
Key points
- The UK’s Third Contracts for Difference (CfD) auction has cleared at the record low price of £39.650/MWh for Delivery Year 2023/24 and £41.611/MWh in 2024/25 (2012 real).
- Six offshore wind, four remote islands wind and two Advanced Conversion Technology projects secured contracts.
- Government has secured 5.8GW of new capacity, without spending a penny of the £65m budget.
- This increases the challenge faced by other low carbon technologies to match the cost reductions achieved by offshore wind.
- The results open up the possibility for offshore wind to play a greater role in delivering Net Zero by 2050.
Download our report for further insight on the outcomes of the subsidiary auction.
© 2020 KPMG LLP a UK limited liability partnership and a member firm of the KPMG global organisation of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.
For more detail about the structure of the KPMG global organisation please visit https://home.kpmg/governance.
