{"id":254132,"date":"2022-07-08T13:01:19","date_gmt":"2022-07-08T13:01:19","guid":{"rendered":"https:\/\/lightsourcebp.com\/news\/renewable-energy-auction-win-bolsters-uk-solar-deployment\/"},"modified":"2024-01-22T09:44:50","modified_gmt":"2024-01-22T09:44:50","slug":"renewable-energy-auction-win-bolsters-uk-solar-deployment","status":"publish","type":"post","link":"https:\/\/lightsourcebp.com\/uk\/news\/renewable-energy-auction-win-bolsters-uk-solar-deployment\/","title":{"rendered":"Renewable energy auction win bolsters UK solar deployment"},"content":{"rendered":"
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Renewable energy auction win bolsters UK solar deployment<\/h1>\n <\/div>\n <\/div>\n <\/div>\n\n
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Lightsource bp has secured 130MW of capacity in the latest UK Contracts for Difference (CFD) auction. The CFDs are the government\u2019s main mechanism for supporting renewable energy projects.<\/p>\n

In total, 2GW of solar power capacity was awarded 15-year contracts as part of the latest round of the programme. The fourth allocation round awarded 11GW of renewable power projects with predictable, state-backed contracts.<\/p>\n

The three Lightsource bp projects received a \u2018strike price\u2019 of \u00a345.99 per Megawatt hour. Where power is sold for less than that, the UK government will top up the payments. Where power prices exceed \u00a345.99, the additional revenue is returned to the authorities.<\/p>\n

Kareen Boutonnat, CEO for EMEA and APAC<\/strong> at Lightsource<\/strong> bp said:<\/p>\n

\u201cOur winning projects have been planned and designed to exceed industry standards. They underline that competitive prices can be delivered alongside benefits to local biodiversity, whilst being built with the most innovative, proven technologies available and with local communities fully engaged in the process.<\/p>\n

\u201cThe results demonstrate once again that solar and renewable energy more broadly present the only route to stable, low-cost and low-carbon power,\u201d she added.<\/p>\n\n <\/span>\n <\/div>\n <\/div>\n <\/div>\n\n

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Related news <\/h3>\n <\/div>\n <\/div>\n
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23 Jul, 2026<\/p>\n \n

USA: Lightsource bp and Meta expand partnership with new power purchase agreement for\u00a0Mowata\u00a0Solar in Louisiana<\/h5>\n <\/a>\n

Lightsource bp and Meta have finalised a long-term power purchase agreement (PPA) to support \u200bMowata Solar, a 172MWdc (150MWac) solar project in development in Acadia Parish.<\/p>\n

Read Story <\/svg><\/span><\/a><\/p>\n<\/div>\n

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03 Jul, 2026<\/p>\n \n

15 years of solar \u2013 from first-of-a kind to critical infrastructure<\/h5>\n <\/a>\n

Last week marked 15 years since the UK\u2019s first utility-scale solar farm began generating electricity.<\/p>\n

Read Story <\/svg><\/span><\/a><\/p>\n<\/div>\n

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26 Jun, 2026<\/p>\n \n

Lightsource bp publishes\u00a02025\u00a0Sustainability Report\u00a0<\/h5>\n <\/a>\n

Lightsource bp's annual Sustainability Report outlines the work we do to support a future powered by renewable, affordable and reliable energy. <\/p>\n

Read Story <\/svg><\/span><\/a><\/p>\n<\/div>\n <\/div>\n <\/div>\n\n

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