8 Sept 2023
Richard Sandford, the Co-Chair of the Offshore Wind Industry Council, comments on the results of Contracts for Difference Allocation Round 5, announced by the Department for Energy Security and Net Zero.
Commenting on the results of Contracts for Difference Allocation Round 5, which were announced today by the Department for Energy Security and Net Zero, the Co-Chair of the Offshore Wind Industry Council, Richard Sandford, said:
“Although today’s auction results are disappointing, the offshore wind industry’s continued focus is working closely with the Government to reform the auction process so that we can secure far more capacity next year and beyond. The UK has the second largest offshore wind pipeline in the world, with more than a hundred projects at all stages of development.
“It’s clear that this year’s auction represents a missed opportunity to strengthen Britain’s energy security and provide low-cost power for consumers. If all the offshore wind projects eligible to bid into this auction had done so, we could have powered the equivalent of more than five million British homes a year. So, lessons must be learned to ensure that the parameters of the auction are set correctly in the future. The landmark report published earlier this year by the Government’s offshore wind champion Tim Pick shows how the industry can grow successfully in the years ahead.
“Our plans to accelerate the growth of this innovative sector in the years ahead remain ambitious and undimmed. We will continue to work with Ministers to build up a world-class domestic offshore wind supply chain around the UK, creating tens of thousands of jobs and attracting billions in private investment, as well as providing further opportunities to export our products and expertise globally. We are determined to get back on track to meet the Government’s clean energy targets and net zero goals”.
For further information, please contact:
Robert Norris, Head of Communications, RenewableUK07969 229 913 Robert.Norris@RenewableUK.com
The Offshore Wind Industry Council (OWIC) is a senior Government and industry forum established in 2013 to drive the development of the world-leading offshore wind sector in the UK.