The UK's latest auction for renewable energy projects saw a record-breaking amount of new offshore wind capacity secured, with 8.4GW of projects winning contracts. Prices for offshore wind rose by around 10% since the previous round, but analysis suggests it will be "cost neutral" for consumers due to lower wholesale costs. The government welcomed the results, stating it puts the country on track to reach its 2030 clean power targets and create jobs. The auction results were split into two parts, with fixed-foundation and floating offshore wind projects securing contracts. This marks the biggest ever offshore wind auction in Europe, with enough capacity to power over 12 million homes. The recent auction results for offshore wind projects are seen as positive for meeting clean power targets by 2030, with the government taking steps to support the expansion of renewable energy as part of a larger strategy to achieve ambitious clean power goals.