UKSIF Response to Record Offshore Wind Contracts Awarded at Auction Round 6 (AR6)

On the 3rd of September, the UK government announced 131 new energy ‘Contracts for Difference’ (CfD) in solar, wind and tidal energy had been awarded as a result of the annual auction. James Alexander, CEO of UKSIF comments:

“The success of AR6 in securing record private investment into the UK’s clean power stands in contrast to the failure of the last auction round, at which no private companies bid. This shows the UK has turned a corner, and momentum is building behind the green transition again. The British public, especially energy bill payers, will reap the benefits of government, companies and investors working together to drive private finance into one of the UK’s biggest future growth prospects: our clean power industries.

Big challenges remain. The government must urgently turn its attention towards enabling technologies like battery storage, and building out the grid to enable more clean power to get where it is needed.“