Offshore wind fails in UK auction

Wind Industry Profile of

Industry body RenewableUK is calling on the Government to take urgent action to rebuild investor confidence in the UK offshore wind market following a clean power auction that risks undermining targets to boost energy security and jeopardising the industrial opportunities of offshore wind – one of the UK’s most important growth sectors.

The latest auction of clean power contracts has failed to secure any new offshore wind, a technology crucial to meeting the Government’s energy security targets. In response, RenewableUK is calling for urgent action from Government to fix the investment framework through a package of reforms to the CfD, support for supply chains and fiscal measures to attract clean energy investment into the UK in the face of global... ... More: Official Press Release RenewableUK

Keywords:

RenewableUK, investor, industry, auction, CfD, UK, risk, offshore, target, undermining, investment, competition, support, framework