Quinbrook Infrastructure Partners has secured a 15-year Contract for Difference (CfD) in the latest auction round for its 350-megawatt U.K. solar-plus-battery storage project, Project Fortress.
According to Quinbrook, Project Fortress was the largest solar photovoltaic (PV) project to secure a CfD in round four, which enabled a record amount of renewable energy to be secured through the largest round of the U.K. government’s flagship auction scheme. The fourth round of the CfD scheme has secured nearly 11 gigawatts across a range of clean technologies.
“The award of a 15-year fully indexed CfD is a significant milestone and completes the first phase of our plan to sell the solar power generated by Project Fortress in multiple tranches, leveraging the benefit of the secure CfD revenues which offer significant capital protection with value upside,” said Rory Quinlan, co-founder and managing partner of Quinbrook. “We will now look to contract the balance of the pr