MNI BRIEF: Canada Warns Of Pain To U.S. From Trump Tariffs

MNI: FED TO GRADUALLY MOVE TOWARD NEUTRAL OVER TIME -MINUTES

MNI BRIEF: EC Sees Slight 2025 Euro Fiscal Contraction

MNI China Daily Summary: Tuesday, November 26

MNI BRIEF: China Supports Globalisation Despite Turbulence

MNI: PBOC Net Injects CNY11.0 Bln via OMO Tuesday

EZ/UK T-Bill Calendar: Greece, Italy Auction on Wedesday

EZ/UK Bond Supply Calendar: Italy, Finland Auction on Thursday

MNI: US OCT NEW HOME SALES -17.3% TO 0.610M SAAR

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

POWER: UK's Succesful AR6 Auction Shows "Restored Confidence"

POWER
BulletPower BulletsEnergy BulletsCommodities

The 9.6GW of awarded capacity in the UK's AR6  auction indicates “that investor confidence in the UK market is returning,” amid a failure in the auction last year, RenewablesUK said. 

  • The price aligns with recent global auctions and reflects the combined effects of inflation and high financing costs due to elevated interest rates, according to RenewablesUK.
  • “Power generated by the successful projects will save nearly £3bn a year compared to the alternative cost of gas by 2030,” the company said.
  • The UK awarded 3.29GW of solar PV projects in the latest AR6 auction at a strike price of £50.07/MWh, with 3.36GW of offshore wind at £58.87/MWh – 2012 inflation-indexed price.  
108 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

The 9.6GW of awarded capacity in the UK's AR6  auction indicates “that investor confidence in the UK market is returning,” amid a failure in the auction last year, RenewablesUK said. 

  • The price aligns with recent global auctions and reflects the combined effects of inflation and high financing costs due to elevated interest rates, according to RenewablesUK.
  • “Power generated by the successful projects will save nearly £3bn a year compared to the alternative cost of gas by 2030,” the company said.
  • The UK awarded 3.29GW of solar PV projects in the latest AR6 auction at a strike price of £50.07/MWh, with 3.36GW of offshore wind at £58.87/MWh – 2012 inflation-indexed price.