Orbital Marine Power bags two further CfDs in the UK

Tidal power developer Orbital Marine Power has been awarded two Contracts for Difference (CfDs) for 7.2MW in the UK Allocation Round 5 process.

This builds on Orbital’s success in the previous year’s Allocation Round 4, where it secured contracts for 7.2MW of capacity.  

The CfDs will allow Orbital to expand its development of projects in Orkney with the construction of six turbines now covered by the Contracts for Difference scheme.

Capable of delivering a total of 7.2MW of clean energy to the grid, these additional turbines will be able to power up to 9000 homes.

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This outcome also means Orbital can make a significant investment in the UK supply chain as it sets about establishing series production of its innovative technology.

According to Orbital, the UK has significant capability and the expertise to create a supply chain that will now have a clearer route to accelerating industrialisation and scale through volume production.

Andrew Scott, CEO of Orbital Marine Power, said: “This latest award creates more clarity for us and our supply chain about our immediate ambitions, allowing us to build on our progress to date. Securing these latest CfDs is another key step on a path that ends with clean predictable power being delivered to thousands of UK households and businesses, alongside building factories of the future and creating sustainable, green jobs at a ratio that hasn’t been achieved in the renewable space before."