UK Secures Record 8.4GW Offshore Wind Contracts in Historic Auction
The UK Government has secured a record 8.4GW of offshore wind capacity through its Contracts for Difference Auction Round 7, enough to power 12 million homes and attracting £22 billion in private investment. This initiative is expected to create approximately 7,000 jobs and highlights a significant shift towards energy independence, with the average cost of fixed offshore wind at £90.91 per megawatt hour, notably cheaper than gas generation. The projects, located in regions such as Dogger Bank and Norfolk Vanguard, underscore the UK's commitment to achieving clean power by 2030.
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The UK Government has secured 8.4GW of offshore wind capacity in its Contracts for Difference Auction Round 7, generating enough electricity to power 12 million homes. This auction will unlock £22 billion in private investment and support approximately 7,000 jobs.
The average cost for fixed offshore wind is £90.91 per megawatt hour, which is 40% cheaper than new gas generation at £147 per megawatt hour. Projects span regions including Dogger Bank, Norfolk Vanguard, Berwick Bank, and Awel y Môr, marking a significant shift towards energy sovereignty and reduced reliance on fossil fuels. The results indicate a commitment to achieving clean power by 2030.
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