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UK awards contracts to 27 renewable energy projects

CTBR Staff Writer Published 27 February 2015

The UK Department for Energy and Climate Change (DECC) has awarded Contracts for Difference (CFD) for 27 renewable energy projects.

Wind turbine

The winners of the first allocation round will be awarded 15-year contracts with the total annual spend of about £315m per year.

A range of companies, including small developers and independent generators, and projects in England, Scotland and Wales have secured the contracts.

The contracts being offered include two offshore wind farms, which are expected to provide more than 1.1GW of new capacity, 15 onshore wind projects and five solar projects.

Combined, the projects are expected to reduce about four million tonnes of CO2 emissions per year in the UK.

The government said the new system of auctions had helped drive down prices by about 58% for one technology.

UK Energy & Climate Change Secretary, Ed Davey said: "This world leading auction has delivered contracts for renewables projects right across the UK.

"These projects could power 1.4 million homes, create thousands of green jobs and give a massive boost to home-grown energy while reducing our reliance on volatile foreign markets.

Commenting on the results of the auctions, RenewableUK chief executive Maria McCaffery said: "The highly competitive prices achieved during this 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 folly it would be to choke off this low cost form of low carbon power and the results also demonstrate that the offshore industry, provided the conditions are maintained, is well on the path to achieving its stated aim of £100/MWh by 2020."

Image: The contracts were offered to two offshore wind farms and 15 onshore wind projects. Photo: Courtesy of pakorn/FreeDigitalPhotos.net.