Cost reductions for offshore wind in the UK

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Latest resukts for offshore wind auctions from the UK bring costs reductions
WindEurope, UK, costs, auction, CfD

Offshore wind cost reductions come to the UK

Wind Industry Profile of
Offshore wind cost reductions come to the UK

Official Press Release WindEurope:

WindEurope welcomes the results of the latest UK Contract for Differences (CfD) auction announced today by the Department for Business, Energy and Industrial Strategy, where offshore wind submitted record bids of £57.50 per megawatt hour including the costs of grid connection.

The winning offshore wind projects – DONG Energy’s Hornsea 2, Innogy and Statkraft’s Triton Knoll and EDPR and Engie’s Moray – will together provide 3.2 GW of new capacity to the UK, enough to power 3.3 million homes. The cost of offshore wind has fallen by an average of 47% since the last CfD ... More: Official Press Release WindEurope

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