Overview

• The latest auction secured funding for 131 wind, solar, and tidal projects, tripling last year's capacity.
• Offshore wind projects, including the world's largest floating wind farm, were a significant focus.
• Industry experts argue that substantial further investment is needed to meet the new government's ambitious targets.
• Analysts confirm that the new projects will help reduce consumer energy bills.
• The auction system was adjusted to offer higher price caps and increased budgets following last year's failure.