Regulation 12D Application for sustainable industry reward implementation statementsF1
Where the Secretary of State has provided, and not withdrawn, a sustainable industry reward statement in respect of a generating station that is the subject of a CFD, the generator party (the “generator party applicant”) may apply for a sustainable industry reward implementation statement by submitting a sustainable industry reward implementation application to the Secretary of State.
The Secretary of State must not provide a sustainable industry reward implementation statement unless the Secretary of State is satisfied that—
the generator party applicant is the generator party in respect of the generating station; and
the generator party applicant has F2met the financial minimum standards.
Annotations
Textual amendments
- F1
Pt. 3A inserted (E.W.S.) (13.6.2024) by The Contracts for Difference (Sustainable Industry Rewards) Regulations 2024 (S.I. 2024/710), regs. 1(1), 59
- F2
Words in reg. 12D(2)(b) substituted (15.4.2026) by The Contracts for Difference (Sustainable Industry Rewards and Contract Budget Notice Amendments) Regulations 2026 (S.I. 2026/411), regs. 1(1), 19