The UK government has set the budget for offshore wind
technologies in the AR7 Contracts for Difference auction. A total of £900m has
been made available to fixed-bottom projects in Pot 3, which has been set
delivery years of 2028-29, 2029-30 and 2030-31. A further £180m is available to
floating wind projects competing in Pot 4, with delivery years of 2028-29 and
2029-30.
Both purses are in 2024 prices, and no overall capacity caps
will apply, according to energy department DESNZ. Separate 30GW maximas will
apply in Pot 3 for Scottish and non-Scottish projects.
Fixed-bottom offshore wind has been set a £113 per megawatt-hour
administrative strike price (ASP), while the floating wind ASP is set at
£271/MWh, as previously confirmed by the government.
Both figures are set in 2024 prices.
The
sealed bidding window for offshore wind technologies in AR7 is scheduled to
take place between 11 and 17 November, with results to be announced on 14
January, according to the official timetable.
A
budget and bidding window dates for non-offshore wind technologies running
under the separate AR7a auction stream have not yet been confirmed. London said
these details will be provided in due course.
Michael
Shanks, UK energy minister, said: “This auction is another step towards
delivering the clean power this country needs to end our reliance on volatile
global gas prices, ensuring our energy security and bringing down bills for
good.
“Our
competitive new auction process will allow us to buy the right amount of clean
power at the right price on behalf of the British people, so we can take back
control of our energy.”
For more information visit EICDataStream https://eicdatastream.the-eic.com/search/project/710697/Dolphyn-Floating-Offshore-Wind-Farm