DESNZ publishes Greenhouse Gas Removals business model documentation
The Department for Energy Security and Net Zero (DESNZ) has published a package of Greenhouse Gas Removals (GGR) business model documentation. The release includes the GGR Business Model Summary, which sets out the key design features of the model and the proposed contract terms for projects on the HyNet Track-1 expansion Project Negotiation List. It also contains the first published version of the full-form GGR Contract, comprising the draft Front End Agreement and Standard Terms and Conditions. In addition, the package includes GGR Grant Funding Agreement (GFA) documentation for HyNet Track-1 expansion projects, including the proposed GGR GFA Grant Offer Letter and GGR GFA Terms and Conditions.