US EditionUK secures record supply of offshore wind but price rises
The auction supports 7,000 jobs and attracts £22 billion in private investment with offshore wind power 40% cheaper than new gas plants, powering 12 million homes.
- The government awarded contracts for 8.4GW of offshore wind with a strike price of �90.91, up 11% on last year, according to the Department for Energy Security and Net Zero.
- To meet its 2030 clean-power target, the government used the Contracts for Difference mechanism, guaranteeing strike prices underwritten by bill payers with �900m set aside and contracts extended to 20 years.
- The auction attracted roughly £22bn in private investment, securing 7,000 jobs and projects including Dogger Bank South, Norfolk Vanguard, Awel y Môr and Berwick Bank.
- The Conservative party and Reform UK criticised the auction, warning it locks consumers into higher bills, while Energy UK noted the auction price exceeds last year’s average wholesale price of �83 but said comparisons are imperfect.
- Independent analysts Aurora warn that a strike price of �94/MWh would be consumer-neutral, with renewables pushing wholesale prices down by around 30% in 2025, despite the government claiming Britain is 'firmly on track'.
49 Articles
49 Articles
UK secures support for offshore wind in record auction
The UK took a major leap toward its 2030 clean energy targets, awarding subsidy contracts for a record-breaking volume of offshore wind capacity. British authorities granted contracts expected to produce 8.4 GW of energy, enough to power roughly 12 million homes, albeit at higher strike prices — the amount guaranteed to producers per MWh — compared to last year’s auction. This could increase household electricity bills, handing fresh ammunition …
RMT responds to record breaking offshore wind energy procurement
Offshore workers union RMT has commented on a record 8.4GW of wind energy secured in Europe’s biggest ever auction of the renewable. RMT general secretary Eddie Dempsey said: The government’s announcement of a record-breaking offshore wind auction shows the scale of what is possible when there is political will to invest in clean energy and long-term infrastructure. Expanding offshore wind capacity is essential if Britain is to cut emissions and…
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