No offshore wind in fifth CfD round

No offshore wind projects are included in the latest Contracts for Difference (CfD) auction, the official results of the fifth allocation round have confirmed. There had been widespread speculation that offshore wind developers had shunned the process because of the government's failure to recognise soaring costs by raising the cap on strike prices. It has led to accusations that ministers have undermined their own target of generating 50GW of offshore wind by 2030.

This content is for members only. Please click here to view the full article.