UK doubles offshore wind price cap


The price for offshore wind energy has been raised by 66% in a UK government bid to revive the sector following a disastrous auction round earlier this year,

The Department for Energy Security and Net Zero yesterday raised the price cap for offshore wind energy from £44 (€50) per MWh to £73 (€83), a rise of 66%, and for floating wind power from £116 to £176MWh, a rise of 52%.

This is premium content

Already a member? SIGN IN now


Sign up for FREE to continue this article…

It only takes a minute to sign up for a free account, and you’ll get to enjoy:

  • Weekly newsletters providing valuable news and information on the commercial marine sector
  • Access to the Maritime Journal Industry Database
  • Monthly Maritime Journal Magazine (Restricted digital edition)
  • Website access (3 standard news articles per month)

Get access and more free content sign up today

Does your organisation require more access? Upgrade to a subscription and enjoy unlimited news and additional features.