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Teesside Renewable Energy Project

Live
Dedicated Biomass  · Investment Contract  · North East England
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Teesside Renewable Energy Project is a 299 MW dedicated biomass project in North East England that holds an Investment Contract, one of the early CfDs awarded before the competitive allocation rounds began. The contract is live, with LCCC settlement data published from September 2023.

Strike Price
—
per MWh
Capacity
299
MW
Delivery Year
—
Operational Start
2023-09-30
Location & Representation
North East England
England
Constituency
Redcar
Local MP
Anna Turley
Labour
Site
Planning status
Planning Permission Expired
Location
54.6020, -1.1585
↗ View on map
REPD ref 153
CfD Details
CfD ID
INV-TEE-001
Allocation Round
Investment Contract
Technology
Dedicated Biomass
Status
Live
Developer
Macquarie/ PKA/ MGT Power
Generation & Payment History
Export history
Period Generation (MWh) CfD Payment Market Price — IMRP (£/MWh) Indexed Strike (£/MWh) Net to Generator (£/MWh)
2026-09 43,910 ↑ £4.7M received £75.30 £183.45 £183.45
2026-08 156,692 ↑ £16.9M received £75.30 £183.45 £183.45
2026-07 181,837 ↑ £19.7M received £75.30 £183.45 £183.45
Market Price is the generation-weighted Intermittent Market Reference Price (IMRP) published by LCCC, in current prices. CfD strike prices are quoted in 2012 prices but settled at a CPI-indexed value, so the Indexed Strike shown here is derived from the actual settlement: IMRP + (CfD Payment ÷ MWh). No stated strike price is held for this contract, so the Indexed Strike is derived from settlement data alone. Net to Generator is what the generator effectively receives per MWh after the CfD top-up or payback.
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