The Low Carbon Contracts Company (LCCC) is thrilled to announce the successful signing of 130 contracts, setting a new milestone with the highest number of contracts ever signed in a single round.
Once operational, AR6 projects will see 9.58GW of renewable generation coming online, bringing the total CfD capacity to 35.74 GW. This landmark achievement highlights Great Britain’s ongoing commitment to its Net Zero ambitions and the expansion of the country’s low-carbon energy generation capacity.
AR6 secured a broad range of technologies from well-established wind and solar to emerging, innovative projects like tidal and floating offshore wind, further diversifying GB’s renewable energy portfolio and facilitating a greener future. These projects will play a key role in driving down emissions, lowering costs for consumers and contributing to GB energy security.
Neil McDermott, CEO of LCCC said:
“With the contracts for AR6 now signed, we are proud to announce a significant expansion in our renewable energy portfolio. This groundbreaking round increases our capacity by 9.58 GW to a total of 35.74GW and features a broad range of technologies from well-established wind and solar to nascent technologies like tidal and floating wind.
“The success of AR6 not only advances our commitment to decarbonisation but also accelerates our journey towards a Net Zero future. We are eager to partner with our new and existing generators to ensure timely delivery."
Energy Minister Michael Shanks said:
“We acted decisively to increase the budget for Allocation Round 6, delivering the most successful renewables auction to date.
“Securing more clean energy projects is how we protect billpayers from volatile fossil fuel markets, strengthen energy security and deliver our mission to make Britian a clean energy superpower by 2030.
“The signing of these contracts marks another key milestone on our journey, and we look forward to continue working with industry to speed up the rollout of clean, cheap and secure power across the country.”
LCCC continues to play a crucial role in facilitating private investment in renewable generation, helping to shape a resilient and sustainable energy system for future generations.
The CfD projects secured though AR6 will play a key part in driving innovation in the renewable energy sector.
As part of AR6, ScottishPower has been awarded contracts for two projects, including its East Anglia TWO offshore windfarm that will see 963 MW of clean energy come online in 2028/29.
Ross Ovens, ScottishPower’s Managing Director for Offshore Development and Operations, said:
“It’s fantastic to reach this milestone for so much renewable generation, and especially pleasing to see offshore wind leading the charge towards a cleaner and greener future. We’ve been moving at pace since our success in the auction to confirm the supply chain for our £4 billion East Anglia TWO windfarm, which will produce enough renewable electricity to power the equivalent of almost one million homes. We look forward to bringing this project to life and reaping all the benefits that offshore wind can, and will, deliver.”
The success of AR6 demonstrates the increasing maturity of renewable energy technologies.
Through our expertise in managing CfD contracts, LCCC is committed to supporting these projects, ensuring that low-carbon projects are delivered on time and in line with the Government’s Net Zero target.
PHOTO: (from L to R): Ross Ovens, ScottishPower’s Managing Director for Offshore Development and Operations signing the contact with Neil McDermott, CEO of LCCC