Bluefield Solar says that it has successfully secured additional solar contracts in the UK on 62.4MW of planned additional capacity through the UK government’s fourth Contracts for Difference (CfD) Allocation Round (‘AR4′) announced last month.
AR4 was the first subsidy allocation round since AR1 in 2015 in which solar has been able to participate, with contracts over 2.2GW being offered. The CfD scheme is the UK government’s main mechanism for supporting low-carbon electricity generation and helps facilitate the UK’s ambition to reach net-zero emissions by 2050.
The CfDs have been secured for 100% of the generating capacity of Yelvertoft (49.9MW), Romsey (6.5MW) and Oulton (6.0MW), Bluefield Solar’s latest new-build UK solar projects. The CfD contracts have a 15 years’ duration, are index linked to inflation (CPI) annually, and are scheduled to commence from 31 March 2025 at the AR4 solar PV strike price of £45.99/MWh – set in 2012 equivalent prices – or £57.48/MWh in 2022 equivalent prices.
Yelvertoft is located in Northamptonshire, while Romsey and Oulton are located in Hampshire and Norfolk, respectively.
BSIF : Bluefield solar confirms subsidies secured for new projects