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UK awards 3.2GW at record breaking low strike prices

Monday, 11 September 2017

Earlier this morning the Department for Business, Energy and Industrial Strategy published the results of its second Contracts for Difference round.

Offshore wind landed more than 3GW of capacity at strike prices “significantly” cheaper than forecasted – at £57.50/MWh, the two projects to be delivered in 2022/23 will be far cheaper than the government’s own estimates – the UK’s renewables industry has heralded the results as a landmark achievement. The auction marks the first ever time offshore wind energy is cheaper than new nuclear power, as it is significantly lower than the £92.50 contracts awarded to France’s EDF in 2012 to build Hinkley Point C...

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