UK allocates more than 3 GW of solar through CfD auction
- Admin
- Sep 6, 2024
- 1 min read
The UK's latest CfD auction broke records with 93 solar projects totaling 3.288 GW of capacity. Solar projects secured a strike price below the auction's ceiling price. A total of 131 bids were successful at the auction, facilitated by increased government intervention. The solar projects will be awarded contracts with the LCCC and contribute to the government's target of decarbonizing the electricity sector by 2030. Key figures like Ed Miliband and Mark Sommerfeld have commented on the significance of the auction results.
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