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08 Jul 20221 minute read

Offshore wind milestone: 11GW of capacity underway

ECAtoday
Offshore wind milestone: 11GW of capacity underway

The Department for Business, Energy and Industrial Strategy (BEIS) has published the results of its fourth round of the Contracts for Difference (CfD) projects auction. 

The news follows the publication of the Energy Security Bill this week, containing 26 measures with ministers say will tackle the energy price and climate crises. 

In total, 93 renewable energy projects, most of them offshore wind, across the UK have now secured contracts, totalling 11GW in capacity. This is reportedly greater than the capacity of all three previous CfD rounds combined.

Edie News reports that, for the first time, floating offshore wind and tidal projects were also eligible for CfD auctions this round. Floating offshore wind secured 32MW of capacity, while tidal secured 41MW.

Business and Energy Secretary Kwasi Kwarteng said: “Eye-watering gas prices are hitting consumers across Europe. The more cheap, clean power we generate within our own borders, the better protected we will be from volatile gas prices that are pushing up bills.

“Thanks to today’s record renewable energy auction, we have secured almost 11GW of clean, home-grown electricity – which would provide as much power as around 6 gas fired power stations. These energy projects already have planning permission, now they have a funding contract in place. We’re going to these projects built as soon as possible to better protect millions of British families from rising costs.”

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