Deals for 27 green energy projects

Published: Thursday 26th February 2015 by The News Editor

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New wind farms and solar power programmes are among a host of green energy projects that have won contracts from the Government worth more than £315 million.

Contracts have been awarded to 27 renewable electricity projects which together could power 1.4 million homes, equivalent to all the households in Wales.

The projects could support thousands of green jobs, bolster energy security and cut the cost of renewable electricity.

They would lead to the UK emitting 4 million fewer tonnes of CO2 into the atmosphere each year – the equivalent of taking up to two million cars off the roads.

Energy Secretary Ed Davey said: “This world leading auction has delivered contracts for renewables projects right across the UK.

“These projects could power 1.4 million homes, create thousands of green jobs and give a massive boost to homegrown energy while reducing our reliance on volatile foreign markets.

“The auction has driven down prices and secured the best possible deal for this new clean, green energy.”

The winners of the auction were awarded 15-year contracts which guarantee a price for the power generated as part of the Government’s plan to encourage renewable energy.

The new contracts, awarded to a range of companies including small developers and independent generators across England, Scotland and Wales, will provide a major boost to the production of green electricity.

Contracts were awarded to five renewable technologies – some more established ones, such as onshore wind and solar projects, and other less-established areas such as offshore wind power, which is seeing costs fall as the industry grows.

Among them were contracts for two offshore wind farms, which could provide more than 1.1GW of new capacity, as well as 15 onshore wind projects and five solar projects.

Together, the projects could deliver more than 2GW of new capacity, costing £110 million a year less than it would have without competition.

Consumers will get more power for their money – around 550MW more capacity than would be funded without competition.

During the auction a ll technologies apart from the production of energy from waste achieved significantly below the maximum prices per megawatt hour (MWh), known as strike prices.

The clearing price for solar came in at up to 58% lower than it would have been without competition, offshore wind at up to 18% lower and onshore wind at up to 17%.

Published: Thursday 26th February 2015 by The News Editor

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