The UK has officially launched its fourth Contracts for Difference allocation round, opening up the country’s largest support package for renewable energy to date. With 12 GW of capacity set to be dominated by offshore wind, the country’s focus now needs to shift to streamlined development, and to raising its targets for deployment by 2030. Opening to applications on Monday, the fourth round of the Contracts for Difference (CfD) scheme makes £285 million of annual funding available for three different ‘pots’ of renewable energy projects. According to the Department of Business Energy and Industrial Strategy (BEIS), the offshore wind capacity resulting from the funding alone could generate enough electricity to power nearly one-third of the country’s homes. Announcing the scheme’s…