Financing Renewable Power Tasks – Contracts for Distinction (CfD) Auctions
This video looks at the Contracts for Difference auctions in Great Britain. What is it, why is it used and how does it work.
The Contracts for Difference (or CfD as it is more commonly termed) is an auction where developers of renewable generation (such as onshore wind farms, offshore wind farms and solar farms) bid into an auction with the aim of winning a 15-year contract that will guarantee a standard rate of payment for the electricity they produce.
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