How much is Britain's next renewable power auction worth?

LONDON, March 6 (Reuters) - Britain’s next auction round to spur renewable power projects will be worth more than 1 billion pounds ($1.3 billion), government budget documents showed on Wednesday. The government has set targets for major increases in renewable power to help increase Britain's energy security and meet climate targets.

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.

Which UK solar projects have won DCO approval?

UK 'best market' for giant projects The first UK solar project to win DCO approval was Cleve Hill, which got the green light in May 2020. Developed by Quinbrook Infrastructure Partners Pty. Ltd., the project consists of a 373-MW solar farm and a 150-MW battery and is set to enter operation at the end of 2024.

How many homes will be powered by the 6th renewables auction?

Sixth renewables auction delivers record smashing 131 clean energy projects powering equivalent of 11 million homes. Millions of homes and businesses across Britain will be powered by a new supply of clean, cheap, homegrown energy as a record number of projects receive funding through the government’s most successful renewables auction to date.

Which solar projects have been awarded CFDs in 2023?

Some 1.9 GW of solar was awarded CFDs in the most recent bidding round in September 2023 — the largest of which was 57 MW in size. Meanwhile, Cleve Hill, the first solar project to receive DCO approval, secured a 112-MW contract in 2022's auction.

Which solar projects are coming to Australia in 2024?

Developed by Quinbrook Infrastructure Partners Pty. Ltd., the project consists of a 373-MW solar farm and a 150-MW battery and is set to enter operation at the end of 2024. INRG Solar Ltd.'s 150-MW Little Crow was second to get the green light in April 2022, followed by EDF's Longfield project in June 2023.