26 Nov UK to hold auction for record 12GW of renewable energy capacity
The UK Government will hold an auction for up to 12GW of new renewable energy projects, as the country looks to accelerate its ‘green industrial revolution’ plans.
The Contracts for Difference Round Four (CfD4) auction will open late next year and will more than double the 5.8MW of renewable energy capacity attracted in the UK’s last auction in 2019.
Offshore wind, which has been identified as a key growth sector by the UK, will be allocated its own pot for the first time, while established technologies – including onshore wind and solar – will be allowed to bid for the first time since 2015.
Last week, Prime Minister Boris Johnson released details of a 10-point plan for the green industrial revolution, which includes a pledge to quadruple offshore wind capacity to 40GW by 2030. The £12 billion plan will also support the UK’s transition to electric vehicles after it brought forward a ban on new petrol and diesel car sales to 2030.
“The UK is a world leader in clean energy, with over a third of our electricity now coming from renewables,” said UK Energy Minister Kwasi Kwarteng. “That huge achievement is thanks to the government’s Contracts for Difference scheme.
“The new plans…put us firmly on the path towards building a new, green industrial revolution,” he added.