The UK's renewable subsidy program Contracts for Difference (CfD) has launched its second round. GBP 290 million (EUR 338 million) are at stake for companies to bid on. It has now been reported that the auction could result in the installation of 1.5 to 2 GW of offshore wind.
Competition is fierce and there is a limit dictating that a maximum of 1.5 GW offshore wind can be constructed in phases. This might influence Dong's Hornsea 2 project which has otherwise been rumored to be an ideal candidate in the auction.