Finance and investment
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Government revises criteria for CfD rewards scheme
The government has reduced the number of criteria renewables developers must meet in order to receive rewards designed to incentivise the deployment of low carbon generation. First mooted last year, the Contracts for Difference Sustainable Industry Reward (CfD SIR) aims to help accelerate the deployment of low carbon electricity generation, specifically offshore/floating offshore wind, by addressing some of the economic, social and environmental challenges faced by industry.
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