U.K. offshore wind auction locks in a record 8.4GW of new clean power
The UK’s biggest clean energy auction ever has awarded contracts for 8.4 gigawatts of new renewable capacity, enough to power roughly 12 million homes. The result marks a dramatic turnaround after the 2023 auction attracted zero offshore wind bids when strike price caps failed to reflect real construction costs. After adjusting those caps, developers returned in force across offshore wind, onshore wind, and solar projects. The outcome significantly advances Britain’s goal of fully decarbonizing its electricity grid by 2030, while also signaling to European markets that stalled clean energy programs can be successfully recalibrated.









