By Paul Homewood
:
A new batch of hydrogen projects have now been registered for CfDs:
https://register.lowcarboncontracts.uk/
They are all electrolytic converters and are all part of the Allocation Round 1 confirmed last autumn.
The prices of up to £257.99/MWh compare to current wholesale prices of around £80/MWh.
In all, there are eleven hydrogen projects which have been awarded contracts in last year’s Allocation Round, with capacity of 125 MW, enough to produce about 800 GWh a year.
For that they will be paid a subsidy of £2 billion over 15 years. In addition, taxpayers will also have to fork out £90 million in capital support.
https://www.gov.uk/government/collections/hydrogen-allocation-rounds
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Author: Paul Homewood
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