The UK government's latest Contracts for Difference (CfD) auction has secured a record 7.4GW of solar, onshore wind, and tidal power, making it the largest auction round to date. Contracts were agreed at competitive prices of £65/MWh for solar and £72/MWh for onshore wind, below recent wholesale power prices. These projects will help cut consumer bills, reduce gas imports, and lower gas demand by 95TWh per year. The auction results highlight the economic viability of renewable energy sources, with onshore wind and solar projects seen as more cost-effective than new gas-fired power stations. These investments in renewable energy will strengthen the UK's energy security and help the country move towards meeting its 2030 clean power targets.
https://www.carbonbrief.org/qa-new-uk-onshore-wind-and-solar-is-50-cheaper-than-new-gas/