Neutral
Informational - no clear directional impact
Low Impact
Minor progress or informational
On 6 May 2021, the Low Carbon Contracts Company (LCCC) confirmed that the 12 MW Forthwind offshore wind project had passed its Contracts for Difference Milestone Requirement alongside five other AR3 offshore projects. Passing this milestone required Forthwind’s developer to demonstrate commitment to build, either by incurring at least 10% of expected development and construction costs or by evidencing financing arrangements and key supply and installation contracts.