Senior offshore wind sector executives lined up to back the UK’s contract for difference (CfD) support mechanism, hailing it as a cornerstone of the nation’s global leadership in the sector as the government prepares to kick off a policy review that will consider its future.

The CfD – which offers offshore wind developers guaranteed ‘strike prices’ for power via competitive auctions – has underpinned a plunge in costs to as low as £57.50/MWh