26 Feb '15, 11pm

DECC releases results of UK’s first Auction for Contracts for Difference: Reviews of programme’s implementatio...

, the trade and professional body for the UK wind and marine renewables industries, the news is welcomed. “We are pleased to see these projects, which between them could power over 1.2 million homes and create substantial numbers of jobs as well as much-needed investment in our communities,” Maria McCaffery, RenewableUK chief executive. The contracts were awarded to the two offshore wind farms entail strike prices varying between £114.39 and £119.89 per MWh. Meanwhile, contracts awarded to the fifteen onshore wind farms entailed average strike prices for each year varying between £79.23 per MWh and £82.50 per MWh. According to RenewableUK, the highly competitive prices achieved during this first auction highlight the fact that the industry has been working hard to bring costs down, both onshore and offshore. “The prices achieved by the onshore industry show what utter foll...

Full article: http://www.renewableenergyfocus.com/view/41523/decc-relea...

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RenewableUK comments on results of first Contra...

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RenewableUK today commented on the results of the first auctions for renewable power held under the Contract for Differenc...

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, the trade and professional body for the UK wind and marine renewables industries, the news is welcomed. “We are pleased ...

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