If you have any questions about trading with Ukraine or Russia, the Find Business Support website has the latest updates and links to further support.

Close
Menu
MyHIE

Get a personalised experience with a MyHIE account

Make your life easier with a MyHIE account. It’ll save you time, help you find and organise content based on your needs and interests.

Cta Man
News Item Default

CfD auction results welcomed

Published: 07/07/2022

HIE has welcomed the results of today’s Contract for Difference (CfD) Round 4 auction, which saw 12 projects across a range of technologies in the Highlands and Islands awarded more than 1GW of clean energy.

Ninety-three successful low carbon projects from across the UK were awarded a contract by the UK government’s department for business, energy and industrial strategy (BEIS), securing record low prices to sell their power.

Audrey MacIver, director of energy transition and net zero at HIE, said:

“This is a major milestone for the region’s renewable energy industry, which will ultimately help boost the economy and create many new jobs in the Highlands and Islands. The region, with its vast wave, tidal and wind resources, testing capabilities, unique infrastructure and supply chain expertise, is perfectly placed to capitalise on clean energy.  

“We are particularly excited about the benefits that these projects will bring to our rural communities, having the potential to create exciting new economic opportunities and sustain local populations. For the Moray West offshore wind farm project, for example, Ocean Winds is expected to support 60 staff at its operations and maintenance base in Buckie.

“For the first time ever, tidal power has been included and successful in the auction process, which is a pivotal moment for the sector. With projects planned at the European Marine Energy Centre’s tidal site at Eday and MeyGen’s Phase 2 project in the Pentland Firth, this represents a long-awaited progression towards commercialisation of tidal power and secures Scotland’s lead in marine energy.

“Shetland, Orkney and the Western Isles have also seen success with Remote Island Wind projects winning contracts. For the Western Isles, this is particularly important, as it triggers the threshold Ofgem had previously set for the construction of an HVDC interconnector, connecting the islands to the UK mainland grid system and bringing significant business and community benefits.

“We would like to offer all of those teams who have been successful in securing contracts today our warmest congratulations and we very much look forward to exploring how these projects can deliver for the Highlands and Islands, and ultimately, contribute towards our just transition to net zero.”

Read more in the UK Government BEIS news release:

https://www.gov.uk/government/news/biggest-renewables-auction-accelerates-move-away-from-fossil-fuels

And in Scottish Renewable’s news release:

https://www.scottishrenewables.com/news/1107-auction-delivers-3gw-of-clean-energy-for-scotland-with-tidal-power-projects-winning-contracts-for-first-time

Newsletter

Sign up for all the latest news, information on investments and development opportunities from across our region.