The renewables industry warned that the UK’s goal of decarbonising its grid by 2035 and hitting 50GW of offshore wind by this decade's end may now be out of reach without “urgent action” to fix its process for securing green energy investment, after its latest auction flopped.

Investors for both fixed-bottom or floating offshore were as expected a no-show in the latest contract-for-difference (CfD) auction, the results of which were announced