SSE on CfD Budget: Strike Prices Ambitious, Capacity Cap Disappointing

SSE has welcomed the UK Government’s Contracts for Difference (CfD) budget announcement, however, the company added that setting out strike prices approaching subsidy-free levels was ambitious and that the capacity cap was disappointing. 

“SSE welcomes the CfD budget announcement, which is an important milestone in the Government’s ongoing commitment to a sustained, long-term policy framework to support offshore wind,” the company stated.

According to the offshore wind developer, which currently has a development pipeline totalling 3.3GW in the UK, even though competitive auctions have been effective in driving down offshore wind prices, the strike prices set out by the UK government – which are approaching subsidy-free levels – are ambitious.

“To deliver projects at this level whilst also meeting higher local content targets will require close collaboration between offshore developers, supply chain partners and financiers,” SSE explained.

With more than just 6GW of renewable energy projects ready to move forward, SSE said the cap on capacity was disappointing.

“We’d urge BEIS to publish the Allocation Framework as soon as possible to give developers sight of how the overall budget will be awarded to help inform the bid process,” the developer said.

To remind, SSE recently announced that it is bringing together the development, operation and ownership of its renewable energy assets in the UK and Ireland under a single entity to be known as SSE Renewables.

Sourced by offshorewind.biz

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The Team

Angela Grey

Angela Grey is the newest member of the team at OrbisEnergy and joined as Centre Coordinator in July 2017.  She brings over 20 years experience of sales and customer service.

Angela is new to offshore renewables and is eager to build a sound knowledge of the industry.

Devon Mills

Devon has joined the team at OrbisEnergy as an Administration Coordinator in November 2014 and more recently a Senior Coordinator in January 2016. Having previously worked within various customer service roles she is pleased to be able to apply her skills and knowledge to her position at OrbisEnergy.

She is keen to build a strong understanding within the Offshore Renewable industry, whilst being able to develop a good mind for business and sales.

Johnathan Reynolds

Johnathan is responsible for all aspects of business and supply chain development for the flagship innovation and incubation centre for offshore renewables in the east of England, OrbisEnergy.

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