Low Carbon has secured contracts for 10 solar projects with a combined capacity of over 350 MWp in the UK government’s latest Contract for Difference (CfD) auction, the UK renewable energy company said on Friday.
The projects add to more than 300 MWp that Low Carbon secured in last year’s auction. Low Carbon chief investment officer Steve Mack said together the projects will support the rollout of solar across the UK, provide investment certainty in the solar supply chain, contribute to the UK’s energy security, lower consumer bills, as well as advance the company’s ambition to deliver 20 GW of new renewable energy capacity by 2030.
A total of 95 clean energy projects representing 3.7 GW of capacity won CfD funding today. Solar accounted for more than 1.9 GW of this, with contracts secured at a strike price of GBP 47 (USD 58.7/EUR 54.8) per MWh, equal to the auction’s administrative strike price.
Low Carbon recently unveiled an expansion in North America by setting up a joint venture with NU-E Corp to co-develop 1.2 GW of solar, onshore wind and energy storage in Canada by 2030.
(GBP 1 = USD 1.248/EUR 1.166)