Renewable Energy: Finance
The question
To ask the Secretary of State for Energy Security and Net Zero, what assessment he has made of the potential merits of introducing a cap and floor design to repower renewable energy generation projects post-contract.
Answered by Michael Shanks
The Government amended the Contracts for Difference (CfD) scheme from Allocation Round 7 (AR7) to enable the repowering of onshore wind projects, following consultation and stakeholder engagement. Repowered onshore wind projects are now eligible to compete for CfD support.
The Government will keep under review the potential extension of repowering arrangements to other renewable technologies, such as offshore wind, in future allocation rounds.
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