Photovoltaic module bracket winning bid announcement
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5 FAQs about [Photovoltaic module bracket winning bid announcement]
How many solar projects have been awarded a CFD?
Image: Medienservices, Pixabay CfDs have been awarded to 93 solar projects totaling 3.288 GW of capacity, a new record for UK renewables auctions. Solar projects secured a strike price of GBP 50.07 ($64.25)/MWh, almost 18% below the auction’s ceiling price.
What is the record contracts for difference (CFDs) auction for UK solar?
Record contracts for difference (CfDs) auction for UK solar results in more than 90 projects securing fixed-price contracts. It follows intervention from the new UK government in summer 2024 to increase the auction budget. Strike prices achieved for all renewables technologies were well below the auction’s ceiling price.
How much does a solar project cost in the UK?
Solar projects secured a strike price of GBP 50.07 ($64.25)/MWh, almost 18% below the auction’s ceiling price. Strike prices in UK CfD auctions are expressed in 2012 prices, with the generator receiving the equivalent adjusted for inflation. In total, 131 bids were successful at the CfD auction.
How many bids were successful at the CFD auction?
In total, 131 bids were successful at the CfD auction. The result follows intervention from the new UK government in summer 2024 to increase the CfD auction budget to just over GBP 1.5 billion. This included an extra GBP 65 million for the auction’s Pot 1, which is open to solar projects exceeding 5 MW.
How many GW of solar will be delivered in 2026/2027?
Around 1.1 GW of solar secured a CfD for delivery year 2026/2027 at auction, with the remaining 2.2 GW of contracted capacity awarded for the 2027/2028 delivery year. The sixth round CfD auction is a step change in capacity allocation for solar when compared to round five.
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