The price of offshore wind has fallen by 70pc since 2015
UK awards subsidies to 11GW of renewables
Offshore wind beats onshore wind and solar projects as the cheapest source of power awarded
The UK government has awarded 93 renewable energy projects totalling 11GW in capacity with contracts for difference (CfDs). CfDs—the government's main mechanism for supporting low-carbon electricity generation—provide generators with guaranteed returns by paying the difference between market prices and a pre-agreed ‘strike’ price. “Thanks to today’s record renewable energy auction, we have secured almost 11GW of clean, homegrown electricity—which would provide as much power as around six gas-fired power stations,” says UK business and energy minister Kwasi Kwarteng, noting the projects all have planning permission already. Offshore costs fall Almost 7GW of offshore wind was awarded CfDs at a
Also in this section
3 July 2025
European Commission introduces new flexibilities for member states to ease compliance with headline goal
1 July 2025
Supportive government policy, deforestation threat and economic opportunity drive forward the region’s monetisation of forest carbon
27 June 2025
TotalEnergies’ delayed FID for its Venus project will likely set back first oil, but Windhoek has other irons in the fire
26 June 2025
Last year was one of records for renewables but also for oil, gas and coal, as the energy transition progresses in an increasingly uneven way, according to the Energy Institute’s latest annual report
