UK raises offshore wind strike prices by 66%

The UK Government has raised the maximum strike price for fixed-bottom offshore wind farms in its sixth Contracts for Difference auction round by 66% to £73/MWh.

It has made the change in response to inflation that has hit the developers of offshore wind projects in the UK, as well as other global markets. It has also boosted the maximum strike price of floating wind projects by 52% to £176/MWh, and made increases for solar, geothermal and tidal projects too.

The UK Government has also proposed further financial incentives for projects that demonstrate positive community impacts and reduced carbon emissions.

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