The UK’s continuing offshore wind power price-cutting success comes with a sting in the tail of reduced local supply chain growth unless Britain finds ways to include non-cost criteria in its renewables auction process, said a leading sector consultant.

Mike Blanch, associate director at BVG Associates, said the latest fall in winning offshore wind bids in this week's record 7GW allocation to £37.35/MWh ($44.6/MWh) at 2012 prices, from £39.65/MWh seen in the last round in 2019, was consistent with the industry’s long-term direction of travel, despite the inflationary pressures bearing down on the sector.