Recharge’s Offshore wind shortfall remains despite UK renewables auction ‘shot in the arm’, say analysts summarises the industry reaction to the UK’s increase in funding for its next renewable energy auction round.
It includes extensive quotes from Leo Bertels to this potential offshore wind shortfall including his view that estimating the exact impact of budgets on capacity that can be delivered is tricky as it depends on what developers bid in the auction. We estimate that the additional £300m for fixed bottom offshore wind could deliver around 1.5GW of extra capacity.
The budget for emerging technologies (including floating offshore wind) has been more than doubled to £270m. As Leo says, this could pave the way for delivery of several hundred megawatts of floating offshore wind capacity, dwarfing the UK’s current operational capacity of 80MW.
