UK Secures 8.4 GW Offshore Wind to Power 12 Million Homes
Britain's government awarded guaranteed electricity prices in an offshore wind auction, approving 8.4 GW of capacity that could power about 12 million homes. The average strike price was around £91/MWh (2024 prices), potentially unlocking about £22 billion in private investment and marking a revival of offshore wind with developers including RWE–KKR–Masdar and SSE. The move supports a 2030 target for 95% clean electricity, though some analysts warn the deals may still keep consumer bills high.