UK offshore wind prices came in as low as £57.50/MWh ($75.8/MWh/€63.1/MWh) as the latest round of government tendering awarded deals to 3.2GW of projects off the country’s coasts that drove steeper falls in power costs than most expected.
Three projects submitted winning bids in the second round of competition for 15-year deals under the contract for difference (CfD) support mechanism.
They are Dong Energy’s 1.39GW Hornsea 2 project, which is set to become the worlds’ largest offshore wind farm when it enters service in 2022 off eastern England; the EDPR-led 950MW Moray offshore wind project in Scottish waters; and Innogy’s 860MW Triton Knoll, also off eastern England.
