The UK offshore wind sector could grow to 30GW by the 2030s up from about 6GW currently, according to a new report by Aurora Energy Research. The report highlights two policy mechanisms that would be needed to stimulate the five-fold growth to reach 30GW. First, the UK government would need to continue its current policy of providing revenue stabilisation through the Contracts for Difference (CfD) regime. However, by 2025 Aurora said offshore costs could have fallen sufficiently to be effectively zero-subsidy. Therefore, “bids will be cost-neutral and set at the level of the offshore wind ‘capture price’ in the wholesale electricity market”, the report said.
RENews 18th Jan 2018 read more »
Insider 18th Jan 2018 read more »