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The UK government has awarded contracts for 8.4 GW of new offshore wind capacity in a record auction, aimed at reducing dependence on natural gas and fostering energy sovereignty. With an average strike price of £90.91/MWh, the auction is expected to generate £22 billion in private investment and create 7,000 jobs, while extending contract lengths to 20 years to attract more bids. This initiative is part of the UK's goal to achieve a clean power grid by 2030, requiring at least 43 GW of operational offshore wind capacity.