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· Government
announces results of £176m renewable power auction
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· ACT
and offshore wind technologies demonstrate significant cost
declines
The government has confirmed the results of a £176m renewable
power auction this morning, which demonstrates significant cost
declines for technologies including Advanced Conversion
Technologies (energy-from-waste) and offshore wind.
A number of Advanced Conversion Technology (ACT) projects, which
involves the gasification or pyrolysis of waste, secured funding
alongside offshore wind and biomass CHP in this “Contracts for
Difference” (CfD) auction for “Less Established Technologies.”
The last such auction took place in 2014, with results announced
in 2015. As there was no dedicated (or “ringfenced”) funding for
wave or tidal projects this round, none secured a contract.
The projects announced today are set to generate 3.3GW of
electricity.
James Court, Head of Policy and External Affairs at the Renewable
Energy Association said:
“The latest renewables auction show huge price reductions
across the board, with offshore wind, energy from waste and
biomass clearing at prices from £57.50-£74.75.
"These results show that renewables are now the most cost
effective form of any energy generation which can future proof
both the UK grid and provide sustainable new jobs in the UK.
"Offshore wind's success shows what can happen with
government support, and consider that this auction was for so
called 'less established' technologies, with the more mature
onshore wind and solar blocked to market. Surely now is the time
for the government to commit to a low carbon industrial
strategy.”
—ENDS—
Notes to editors
