In a response to the government’s call for evidence on the potential introduction of non-price factors into the Contracts for Difference (CfD) auction in future allocation rounds, issued on Monday 17 April, Renewable UK’s Executive Director of Policy Ana Musat said: “Designing the right framework for Contracts for Difference is absolutely crucial if we’re to attract the billions of pounds of private investment we need to build more clean energy projects faster – at the very time when international competition for capital and expertise has never been more intense. Going forward, it’s clear that awarding CfDs shouldn’t just be based on a race to the bottom on prices, but it should also take account of the wider economic and environmental benefits which this industry can deliver. So, we’re advocating a sustainable approach on prices to support long-term industrial growth, innovation, and supply chain development. This would enable us to maximise the economic benefits which this industry has to offer, including creating tens of thousands of high-quality jobs over the course of this decade.”
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