Bluefield Solar announced that it has successfully secured additional solar contracts in the UK. The Company has been awarded contracts on 62.4MW of planned additional capacity through the fourth Contracts for Difference ('CfD') Allocation Round ('AR4') announced last month. AR4 is the first allocation round since AR1 in 2015 in which solar has been able to participate, with contracts over 2.2GW being offered.

The CfD scheme is the UK government's main mechanism for supporting low-carbon electricity generation and helps facilitate the UK's ambition to reach net-zero emissions by 2050. The CfDs have been secured for 100% of the generating capacity of Yelvertoft (49.9MW), Romsey (6.5MW) and Oulton (6.0MW), the Company's latest new-build UK solar projects. The CfD contracts have a 15 years' duration, are index linked to inflation (CPI) annually, and are scheduled to commence from 31 March 2025 at the AR4 solar PV strike price of £45.99/MWh - set in 2012 equivalent prices - or£57.48/MWh in 2022 equivalent prices.

Yelvertoft is located in Northamptonshire, while Romsey and Oulton are located in Hampshire and Norfolk, respectively.