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Britain secures record amount of solar in renewable power auction

Published by Global Banking & Finance Review

Posted on February 10, 2026

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· Last updated: February 10, 2026

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Britain secures record amount of solar in renewable power auction
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By Susanna Twidale LONDON, Feb 10 (Reuters) - Britain secured a record amount of solar power in an auction offering guaranteed electricity price contracts to renewable projects, the government said on

UK Achieves Record Solar Power Capacity in Renewable Auction

Record Solar Power Capacity in the UK

By Susanna Twidale

Government's Renewable Energy Goals

LONDON, Feb 10 (Reuters) - Britain secured a record amount of solar power in an auction offering guaranteed electricity price contracts to renewable projects, the government said on Tuesday, as it seeks to meet its clean energy targets and drive down costs.

Details of the Auction Results

The country has a target to largely decarbonise its electricity sector by 2030, which will require a huge scale-up of renewable power, including wind and solar.

A total of 6.2 gigawatts of onshore wind, solar and tidal power projects won contracts with the bulk, some 4.9 GW, going to solar.

"By backing solar and onshore wind at scale, we’re driving bills down for good and protecting families, businesses, and our country from the fossil fuel roller coaster," Energy Secretary Ed Miliband said in a statement.

(Reporting By Susanna Twidale; Editing by Joe Bavier)

Key Takeaways

  • Britain secured a record amount of solar power in a recent auction.
  • The auction supports the UK's goal to decarbonise electricity by 2030.
  • 6.2 gigawatts of renewable projects won contracts, with 4.9 GW for solar.
  • Energy Secretary Ed Miliband emphasized cost reduction and energy security.
  • The auction is part of the UK's strategy to meet clean energy targets.

Frequently Asked Questions

What is solar power?
Solar power is energy derived from the sun's radiation, which can be converted into electricity using solar panels. It is a renewable energy source that helps reduce reliance on fossil fuels.
What is renewable energy?
Renewable energy is energy generated from natural resources that are replenished over time, such as sunlight, wind, rain, and geothermal heat. It is considered more sustainable than fossil fuels.
What are guaranteed electricity price contracts?
Guaranteed electricity price contracts are agreements that ensure energy producers receive a fixed price for the electricity they generate, providing financial stability and encouraging investment in renewable energy projects.

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