Offshore wind farm contracts to power 12m UK homes after record auction
Briefly

Offshore wind farm contracts to power 12m UK homes after record auction
"From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging."
"The government has awarded offshore wind farm contracts, which could power 12 million homes, in a record-breaking auction that marks a stepping stone in its goal to create a clean electricity system by 2030. The bidding round was the UK's most competitive auction for renewable subsidies so far, with energy companies bidding for contracts which guarantee a price for each unit of clean energy they generate."
"Funding was awarded for 8.4 gigawatts (GW) of offshore wind farm capacity, which is enough to generate clean electricity for 12 million homes before 2030. There are now 12 new offshore projects that have been awarded nine last year with the results marking the largest single procurement of offshore wind energy in Europe in terms of capacity of power bought. The contract prices are worth between 89.49 and 91.20 a megawatt-hour (MWh) in 2024 prices."
The Independent requests donations to fund on-the-ground reporting across reproductive rights, climate change, and Big Tech while avoiding paywalls. The outlet highlights investigative work, documentary production ('The A Word'), and sending journalists to speak to both sides of a story. The government awarded 8.4 gigawatts of offshore wind capacity in a record-breaking auction, enough to generate clean electricity for 12 million homes before 2030. The bidding round was the UK's most competitive renewable subsidy auction, creating 12 new offshore projects and marking the largest single offshore procurement in Europe by capacity. Contract prices ranged £89.49–£91.20/MWh in 2024 prices, below gas LCOE at £147/MWh.
Read at www.independent.co.uk
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