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UK awards 10.8 GW new renewable capacity at record low strike prices

July 7, 2022 Comments Off

Some 10.8 GW of UK onshore and offshore wind, solar, tidal stream and other renewables were awarded Contracts for Difference support in the allocation round four results announced by the Department for Business, Energy and Industrial Strategy July 7. Five massive offshore wind projects totaling 6.994 GW dominated the auction and delivered the competition’s lowest strike prices at GBP37.35/MWh ($44.61/MWh,…