Decc looks to extend CfD subsidy to foreign projects by 2018

5 August 2014

The British Government has outlined plans to allow foreign developers to compete for subsidies for non-UK wind energy projects.
A policy paper published in August highlighted the parts of the recently launched Contracts for Difference (CfD) scheme that would need to be amended in order for it to be extended to overseas candidates able to send energy to the UK.
The Department for Energy and Climate Change (Decc) said the move, which could theoretically see Westminster handing over funds to an independent Scotland, would drive down costs by increasing competition.
The first round of competition for CfD contracts will take place this autumn; though Decc stated that that non-UK projects will be unable to bid for contracts until "2018 at the earliest".

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