A record 8.4GW of offshore wind has been secured in Europe’s biggest ever offshore wind auction - enough clean electricity to power the equivalent of over 12 million homes.
As Britain races to cut bills and meet growing energy demand, the price agreed for offshore wind is 40% lower than the cost of building and operating a new gas power plant.
This puts the country firmly on track to deliver the mission for clean power by 2030, taking back control of its energy and lowering bills for good.
Successful results unlock £22 billion in private investment and support 7,000 good, skilled jobs in every corner of the country – from the Scottish Highlands to the Celtic Sea.
Neil McDermott, Chief Executive Officer of LCCC, said:
"The results from this allocation round are a prime example of the Contracts for Difference mechanism's greatest strengths, providing certainty for investors and supporting British jobs across the country.
"With an existing operational portfolio of more than 10 GW, today's results add a further 8.4 GW to the 25 GW of projects in the CfD pipeline.
"At LCCC we're proud of our role in managing these contracts, and providing stewardship of these projects for the next two decades."
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Posted: 16.12.2025
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Market reference date for Q2 2026 CfD Interim Levy Rate (ILR) and Total Reserve Amount (TRA)
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