UK ups offshore support from 2018

The UK government has upped the amount of financial support that will be offered to offshore wind from 2018/19, while lowering support for onshore wind and PV in the nearer term.

The draft Contract for Difference (CfD) strike prices published by government this summer offered offshore wind projects £155 ($253) per MWh from 2014/15, dropping to £135/MWh in 2018/19.

Today, however, the government confirmed its intention to offer offshore wind projects £140/MWh in 2018/19, bending to industry concerns that the assumed cost-reductions for the medium term were too severe.

The £155/MWh starting point will remain in place for offshore wind, albeit during a period when developers can still choose to benefit the Renewable Obligation Certificates scheme, which will be phased out in Log in to read complete article.

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