OpenUnited Kingdom
Sustainable Aviation Fuel Revenue Certainty Mechanism Delivery Partner
Key facts
- Country
- United Kingdom
- Region
- UKI32
- Estimated value
- £1.5M
- Published
- Source
- UK Find a Tender
Description
DfT is in the process of developing a Revenue Certainty Mechanism (RCM) for First-of-a-Kind (FOAK) Sustainable Aviation Fuel (SAF) projects in the UK. The RCM is time-limited and industry-funded intervention, aiming to de-risk SAF projects by offering a Guaranteed Strike Price (GSP) for each unit of SAF produced. This aims to reduce the cost of capital and unlock Final Investment Decisions (FID) to operationalise projects that can support demand driven by the Government’s SAF Mandate. The SAF Mandate secures the demand for SAF by obligating the supply of an increasing amount of SAF in the…
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