Scottish Enterprise Schedules CfD Prep Event

Scottish Enterprise is holding an event for the local offshore wind supply chain regarding the Contracts for Difference (CfD) scheme.

The event will focus on lessons learned in previous CfD auctions, the opportunities expected in the forthcoming round and how the industry will evolve for future rounds.

The speakers will present competition, innovation and skills to help prepare the Scottish supply chain companies to position themselves best.

Scottish Enterprise will hold the event on 7 March at the Radisson Blue Hotel in Glasgow from 09:30 to 16:00 GMT.

According to Scotland’s main economic development agency, the event is for both new market entrants and those established in the supply chain across all tiers.

In 2017, the UK committed to setting aside GBP 557 million to support bi-annual CfD auctions for offshore wind and remote island wind, beginning from the third CfD round this year and going throughout the 2020s.

The next allocation round is expected to be held by May, with the second round slated for 2021 and every two years or so from then on. Depending on the price achieved, the auctions are expected to deliver up to 2GW of offshore wind each year in the 2020s.