{"id":323230,"date":"2023-09-27T09:54:58","date_gmt":"2023-09-27T09:54:58","guid":{"rendered":"https:\/\/lightsourcebp.com\/?p=323230"},"modified":"2024-07-02T14:58:43","modified_gmt":"2024-07-02T14:58:43","slug":"lightsource-bp-secures-50mw-in-uk-renewables-auction-cfds","status":"publish","type":"post","link":"https:\/\/lightsourcebp.com\/uk\/news\/lightsource-bp-secures-50mw-in-uk-renewables-auction-cfds\/","title":{"rendered":"Lightsource bp secures 50MW in UK renewables auction (CFDs)"},"content":{"rendered":"
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Lightsource bp secures 50MW in UK renewables auction (CFDs)<\/h1>\n <\/div>\n <\/div>\n <\/div>\n\n
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Lightsource bp has secured 50MW in the latest UK Contracts for Difference (CFD) auction. The CFD scheme is one of the crucial tools put in place by the UK Government to realise the nation\u2019s commitment to enabling transformation of the energy landscape with a significant shift towards renewable and sustainable energy sources.<\/p>\n

In total, almost 2GW of solar power capacity was awarded 15-year contracts as part of the fifth and latest round of the CFD scheme, which awarded 4GW total of renewable power projects with predictable, state-backed contracts.<\/p>\n

CFD auctions play a key role in the Government\u2019s bid to attract investment in renewable energy projects. Each winning project is awarded a \u201cstrike price\u201d of \u00a3\/MWh, and when power generated by the project is sold for less than that, the UK government will top up the payments. Conversely, when power prices exceed strike prices, the additional revenue is returned to the authorities. Via this mechanism, the CFDs provide developers with a secure route-to-market by offering stable and predictable revenue streams from renewable energy projects.<\/p>\n

Attracting investment in renewable energy projects is of vital importance to the government, as time ticks away on the UK\u2019s sustainability targets. We\u2019re committed to achieving Net Zero by 2050, and to installing 70GW of solar capacity by 2035 \u2013 the latter is going to enquire increasing the amount of solar in the UK fivefold in just over a decade. These targets are ambitious and will require significant increases in pace and scope of deployment, which Lightsource bp is perfectly placed to facilitate.<\/p>\n

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

\u201cWe\u2019re pleased to see continued success in the UK CFDs with our developed solar projects. These results demonstrate not only the high quality of our projects, but also the vital importance of solar as a route to a low-carbon future for the UK. Lightsource bp continues to support the UK’s targets of 70GW of solar by 2035 and net zero by 2050 via our increased investment into grid applications to realise new solar and battery projects across the country.”<\/p>\n

Lightsource bp\u2019s winning project is the 180acre Hulam solar project<\/a>, which has a power capacity of 49.9MWac, and will provide carbon emission savings of 16,040 tonnes every year, equivalent to taking 3,412 cars off the roads (figures shared with community during planning process). The project will also be installed with bifacial solar panels to increase solar farm efficiency and energy production for corporate off-takers.<\/p>\n\n <\/span>\n <\/div>\n <\/div>\n <\/div>\n\n

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Read more Lightsource bp news<\/h3>\n <\/div>\n <\/div>\n
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13 Feb, 2026<\/p>\n \n

Hett Moor Solar Farm awarded a contract in UK AR7 renewables auction<\/h5>\n <\/a>\n

Lightsource bp has been awarded a Contract for Difference (CfD) for Hett Moor Solar Farm in the UK Government\u2019s latest renewables auction, AR7.<\/p>\n

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

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

Farming and energy – working side by side<\/h5>\n <\/a>\n

Sheep grazing on solar farms combines agriculture with solar electricity generation, enabling livestock to graze and crops to grow alongside and beneath solar panels.<\/p>\n

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21 Jan, 2026<\/p>\n \n

Exploring cutting-edge AgriPV innovations during site visits in Austria<\/h5>\n <\/a>\n

Deepening our understanding of how solar energy and agriculture can sustainably coexist at scale by learning from pioneering projects across Austria.<\/p>\n

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

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