Positive
Project advancing - milestone achieved
High Impact
Major milestone or critical setback
The UK Government awarded Beatrice Offshore Wind Farm a FID‑enabling Contract for Difference (CfD) support agreement in April 2014, providing revenue certainty for the 588MW project ahead of construction. This CfD subsidy, which fixes the price received for all power generated by Beatrice until 2034 with indexation to inflation, underpinned the project’s later final investment decision and financing arrangements.