{"id":406892,"date":"2024-09-05T09:24:43","date_gmt":"2024-09-05T09:24:43","guid":{"rendered":"https:\/\/sandbox.lightsourcebp.com\/?p=406892"},"modified":"2024-11-21T08:43:47","modified_gmt":"2024-11-21T08:43:47","slug":"lightsource-bp-secures-40mw-in-uk-renewables-auction","status":"publish","type":"post","link":"https:\/\/sandbox.lightsourcebp.com\/uk\/news\/lightsource-bp-secures-40mw-in-uk-renewables-auction\/","title":{"rendered":"Lightsource bp secures 40MW in UK renewables auction"},"content":{"rendered":"
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Lightsource bp secures 40MW in UK renewables auction <\/h1>\n <\/div>\n <\/div>\n <\/div>\n\n
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This week, Lightsource bp secured 40MW in the most recent UK Contracts for Difference (CFD) auction. The CFD scheme is one of the tools put in place by the UK Government to advance the nation\u2019s commitment to transforming the energy landscape. <\/p>\n

This year was the sixth round of the CFD scheme, which included 3.3GW of solar power capacity being awarded through , state-backed contracts with a duration of 15 years. In total, this round of the CFD awarded 9.6GW of renewable contracts, further demonstrating the UK\u2019s commitment to renewable and sustainable energy sources. <\/p>\n

In the UK Government\u2019s ongoing drive to attract investment in renewable energy projects, the CFD serves as an important mechanism. Each winning project is awarded a \u201cstrike price\u201d, which this year for solar was \u00a350.07\/MWh, and when the 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. Through this two-way system, CFDs provide developers with a secure route-to-market by offering stable and predictable revenue streams from renewable energy projects. <\/p>\n

Declan Keiley, Head of Business Development for UK and Ireland 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 50GW of solar by 2030 and net zero by 2050 via our increased investment in securing grid connections to realise new solar and battery projects across the country.” <\/p>\n\n <\/span>\n <\/div>\n <\/div>\n <\/div>\n\n

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Extensive expertise<\/h2>\n
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Lightsource bp <\/span>has <\/span>developed around one fifth of the UK\u2019s large-scale solar to date and has a substantial pipeline of solar and energy storage opportun<\/span>ities in the country.\u00a0<\/span><\/p>\n\n <\/div>\n

\n Learn more about our projects here.<\/span> <\/svg><\/a>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\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

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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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