Some of the world’s leading developers and manufacturers warned the UK its offshore wind market must switch from a focus on lowering price to supporting volume if the nation is to meet its stretching deployment targets.
With the need for major investments from a supply chain that is already under strain as Britain looks to hit 50GW deployed by 2030 – almost five times what’s in place now – top industry executives told the Global Offshore Wind conference in Manchester that cost of power could no longer be the single overriding priority for policy, despite the success of the UK's contract-for-difference (CfD)-based auction system in delivering ultra-competitive rates.
