Following the announcement of the budget for the UK’s fifth Contracts for Difference (CfDs) allocation round (AR5), and the plan on how different renewable energy projects will compete, the renewable energy industry in the UK has warned the budget and the parameters were “too low and too tight” and that CfD Round 5 would “fail to maximise investment in wind, solar and tidal energy” .

The fifth CfD round is scheduled to open for applications on 30 March, with winners announced in late summer or early autumn this year.