UK increases CfD CIB budget

The UK government has more than doubled the total budget available for the newly introduced Clean Industry Bonus payments offered under its flagship Contracts for Difference scheme to £544m.

Payments will be made at £20.1m per GW of offshore wind capacity applying to the CIB from developers who have committed to increase the sustainability of supply chains.

However, the total fund had previously been capped at £200m and assumed developers would put forward 7GW-8GW capacity.

Industry players had until 14 April to enter the scheme, which applies for the first time to fixed bottom and floating wind developers from this year’s Allocation Round 7 and is a requirement for entry into the full CfD auction, for which dates have yet to be published.

CIB assessment criteria includes investing in new factories in economically disadvantaged areas across the UK or choosing companies investing in sustainable manufacturing techniques to build their projects.

Sourced by: reNEWS.biz

Steve Huxter - Building and Tenant Manager

Steve has recently been appointed as Building and Tenant Manager have joined OrbisEnergy as a Property Support Administrator in July 2019.

Ian Pease

Ian Pease, Business Development Manager joined in February 2020. His role is to drive forward OrbisEnergy as an innovation and technology cluster for the region’s clean energy sector by working closely with new and existing tenants.

Ashleigh Farrow - Property Support Administrator

Ashleigh is our newly appointed property support administrator who joined us in July 2024. Ashleigh is keen to learn and get acquainted with all the practices of the company.

Lauren Knowles - Property Support Administrator

Lauren has recently joined the OrbisEnergy team. Lauren is excited and looking forward to the challenges her new post will bring.