Britain announces biggest round of its renewable energy scheme - British Herald
September 27, 2021
Business

Britain announces biggest round of its renewable energy scheme

LONDON (UK) – The British government will announce the biggest round of its renewable energy scheme on Monday, hoping to build up enough extra offshore wind capacity to power about eight million homes.

Under the so-called Contracts-for-Difference (CfD) scheme, qualifying projects are guaranteed a minimum price at which they can sell electricity, and renewable power generators bid for CfD contracts in a round of auctions.

(Content and Photos syndicate via Reuters)

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