 |
answer text |
<p>The Government is committed to ensuring that a broad range of developers and projects
are able to access the CfD, and is introducing the Offtaker of Last Resort (OLR) to
guarantee independent renewable generators a route to market and improve their ability
to raise project finance. Ultimately the financing of individual projects is a matter
for developers. Projects applying for CfDs will be at different stages of development,
including the extent to which they have engaged with and/or agreed terms with financiers.
However, the CfD offers a number of important advantages over the Renewables Obligation,
including providing developers and their financiers with the certainty of a private-law
contract which will be awarded to successful projects years ahead of the point at
which some projects can accredit under the Renewables Obligation.</p>
|
 |
