Water Power: Finance

(asked on 25th May 2021) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, pursuant to the Answer of 24 May 2021 to Question 2860, what number of wave and tidal stream technologies have been successful in competing in previous Contracts for Difference auctions.


Answered by
Anne-Marie Trevelyan Portrait
Anne-Marie Trevelyan
Minister of State (Foreign, Commonwealth and Development Office)
This question was answered on 7th June 2021

The CfD scheme’s success has in part been down to the competitive nature of auctions. To date, no wave or tidal stream projects have been successful in a Contracts for Difference allocation round.

The Low Carbon Contracts Company (LCCC) keeps a register which contains a record of all projects which have been successful in previous allocation rounds. This can be found at https://www.lowcarboncontracts.uk/cfds.

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