Price plunge boosts British ambition for more wind jobs

Steep declines in prices at Monday's awarding of contracts for British offshore wind spur hope that the UK can raise more investments for the development of its wind industry.

Photo: Dong Energy

This Monday is a day of celebration for British tax payers and for the British job market, note British energy associations after the announcement that three future offshore wind projects will be installed at much lower subsidy rates than projects form the last UK tender which took place two years ago.

Dong Energy has secured a contract of 1,386 MW for the Hornsea 2 project, EDPR and Engie landed a contract on the Moray project of 950 MW, and the Triton Knoll project of 860 MW from Statkraft and Innogy also won a contract. Hornsea 2 and Moray will be constructed at a price of GBP 57.5/MWh in 2022/2023, while Triton Knoll will have a higher price of GBP 74.75/MWh and must be complete in 2021/2022.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Further reading

Related articles

Latest News

See all jobs