Contracts for Difference scheme

• Approximately 7 GW of offshore wind projects won a CfD in 2022’s Allocation Round 4, which was the largest CfD round ever, including the first ever floating wind project (TwinHub).

• Allocation Round 5 (AR5) opened in March 2023 and is the first CfD round to run on an annual basis in line with the government’s commitment to increase the frequency of auctions to further support the of the rollout of new renewable energy projects in Great Britain.

• AR5 closed to applicants on 24 April. Results will be announced in the summer.

• On 17 April, we published a Call for Evidence on the potential introduction of non-price factors into the CfD auction in future allocation rounds.