WindEurope Praises British Offshore Auction System

Image: WindEuropeImage: WindEurope
"Other European countries should take careful note as they finalise their offshore wind plans as part of their 2030 National Energy & Climate Plans,” says Giles Dickson, CEO of WindEurope.

Official Press Release WindEurope:

Offshore wind wins big in world’s largest wind energy capacity auction

Wind Industry Profile of
Offshore wind wins big in world’s largest wind energy capacity auction

Offshore wind has delivered extremely competitive prices again in the UK in the world’s largest ever wind energy auction.

Offshore wind won 5.5 GW of the 6 GW of new renewable energy capacity awarded. The average winning price for offshore wind was £40.63/MWh (€46.16/MWh) including grid connection, the lowest prices yet for offshore wind in the UK. The winning bids include 3.6 GW of wind farms at Dogger Bank (by Equinor and SSE) and Innogy’s 1.4 GW Sofia wind farm. Prices for offshore wind in the last UK auction round in 2017 were £57.50/MWh. In 2015 they were £117.14/MWh. The auction is based on a 2-sided Contract for Difference (CfD) model where the state guarantees wind farms a strike price for their electricity for 15 years. If the... ... More: Official Press Release WindEurope

WindEurope, UK, auction, CfD, offshore, price, costs, supply chain, jobs, Europe, praise

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