Firms had said the price set for electricity generated was too low to make offshore wind projects viable.
The government said a “global rise” in inflation impacting supply chains had “presented challenges for projects”.
The government said a “global rise” in inflation impacting supply chains had “presented challenges for projects”.
The Department for Energy Security and Net Zero said “significant numbers” of solar power, onshore wind, tidal energy schemes, and for the first time, geothermal projects, which use heat from the ground to generate power, had been awarded funding.
But renewable groups have said the alternative renewable projects cannot do the heavy lifting in generating the power that offshore wind does.
The technology has been described as a the “jewel in the UK’s renewable energy crown”, but firms have been hit by higher costs for building offshore farms, with materials such as steel and labour being more expensive.
The UK is a world leader in offshore wind and home to the world’s largest four farms, supporting tens of thousands of jobs.
Its annual auction invites companies to bid to develop renewable energy projects and contracts to supply the UK grid with electricity. It was hoped offshore wind in the latest round could have helped generate five gigawatts of power, enough to run five million homes.
The government said a “global rise” in inflation impacting supply chains had “presented challenges for projects”.
Firms had said the price set for electricity generated was too low to make offshore wind projects viable.
The Department for Energy Security and Net Zero said “significant numbers” of solar power, onshore wind, tidal energy schemes, and for the first time, geothermal projects, which use heat from the ground to generate power, had been awarded funding.
The government said a “global rise” in inflation impacting supply chains had “presented challenges for projects”.
The government said a “global rise” in inflation impacting supply chains had “presented challenges for projects”.
The Department for Energy Security and Net Zero said “significant numbers” of solar power, onshore wind, tidal energy schemes, and for the first time, geothermal projects, which use heat from the ground to generate power, had been awarded funding.
But renewable groups have said the alternative renewable projects cannot do the heavy lifting in generating the power that offshore wind does.
The technology has been described as a the “jewel in the UK’s renewable energy crown”, but firms have been hit by higher costs for building offshore farms, with materials such as steel and labour being more expensive.
The UK is a world leader in offshore wind and home to the world’s largest four farms, supporting tens of thousands of jobs.
Its annual auction invites companies to bid to develop renewable energy projects and contracts to supply the UK grid with electricity. It was hoped offshore wind in the latest round could have helped generate five gigawatts of power, enough to run five million homes.
#Offshore #wind #auction #fails #attract #bids
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