Renewables developers and green business groups have responded positively to the results of the latest clean power auction today, predicting the new wave of government-backed contracts will trigger increased investment, boost energy security, and drive down emissions. 

But the results have also sparked warnings that the new Labour government will need to move quickly to deliver more auctions, accelerate grid development, and reform planning rules if its ambitious target to build a clean power system by 2030 is to be met. 

Today’s results are set to provide contracts to a record 131 projects, including nine major offshore wind projects that submitted successful bids for contracts following the failure of last year’s auction round to attract any bids from offshore wind developers. The auction also saw clearing prices come in well below the reserve price for the auction, as developers competed to secure long-term government-backed contracts. 

Overall, 9.6GW of contracts were

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