RenewableUK welcomes results from latest auction for Contracts for Difference

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The latest auction for Contracts for Difference to generate clean power has secured the largest ever amount of home-grown, cheap renewable energy for British consumers at record low prices. These new renewable projects will save consumers £58 a year compared to the cost of power from gas, and reduce our reliance on expensive imported energy,

10.8 gigawatts of new onshore and offshore wind, solar, tidal stream and other renewables will go ahead as a result of today’s announcement by the Department for Business, Energy and Industrial Strategy of the winning bidders in CfD Allocation Round 4. This secures far more capacity than any of the previous three auction rounds, and nearly as much as the three previous rounds combined (11.26GW). It will power 12.5 million UK... ... More: Official Press Release RenewableUK

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RenewableUK, government, offshore, onshore, CfD, renewable energy, capacity, price, costs, solar, tidal, homes