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Where the money goes

Six projects receive 50% of all CfD subsidy. The renewables revolution is in practice a handful of Investment Contract offshore wind farms and Drax biomass.

CfD spending is not spread broadly across a decarbonising energy system. It is concentrated — extremely — on a small set of large offshore wind stations and one converted coal-to-biomass plant. When politicians celebrate the scheme, they are celebrating a transfer to this specific list of recipients, not a broad-based transition. The Lorenz curve below is the classic inequality diagnostic, applied to CfD payments; Payments by technology shows the same story aggregated up to the technology level.

Charts

What to look at next

Then → Cost to see the total the recipients are collecting, or → Cannibalisation for why wind's share of the pot keeps growing.

Methodology

How every number on this page was computed → Recipients methodology.