UK’s renewable energy drive: successful CfD auction and key announcements to impact REGOs

The UK is on track to accelerate its renewables capacity expansion amid a successful Contracts for Difference (CfD) Allocation Round 6 and various government initiatives designed to speed up project deployment. The moves could spell a bearish trend for the Renewable Energy Guarantees of Origin (REGO) market.

CfD Allocation Round 6:The recent CfD Allocation Round 6 (AR6) allocated a total of 9.6 GW of new renewable capacity  with offshore wind and solar PV taking the lead. Notably, two offshore wind projects secured contracts amounting to 3.3 GW, signaling a…