The government has revealed that twelve new projects have won Contracts for Difference (CfD) in the latest auction round* and are set to add 6GW of clean energy to the grid by 2025.
The results were published on 20 September, with the government pointing out that the costs of offshore wind were now 30% lower than the second auction held back in 2017. This now means that projects are now being delivered for as low as £39.65/MWh. Technology types to be selected in this latest round include offshore wind, advanced conversion technologies and remote island wind.
Energy and Clean Growth Minister, Kwasi Kwarteng, said: “Offshore wind is a British success story, with new projects at record low prices creating new opportunities for jobs and economic growth as we leave the EU. The support we’re announcing today will mean that over 7 million more homes will be powered by renewable energy as we decarbonise our energy system – crucial as we continue on the road to net zero emissions by 2050.”
*The results of the CfD auction will be covered in great length in our Week in Review.