The British government announced on Monday the biggest auction round of its renewable energy scheme, hoping to build up enough extra offshore wind capacity to power about 8 million homes. Under its Contracts-for-Difference (CfD) scheme, qualifying projects are guaranteed a minimum price at which they can sell electricity. CfD contracts are offered to power generation companies at auction. The scheme, launched in 2014, is the government’s primary method of encouraging investment in low-carbon generation in Britain. The latest round, its fourth, aims to double renewable electricity capacity secured compared to the third round, when Britain allocated 5.8 gigawatts (GW), and to secure more new capacity than the previous three rounds combined, the government said. The latest round will provide 200 […]