Overview

• Latest UK renewables auction did not award any contracts for offshore wind projects.
• Offshore wind was main recipient in 2022 auction but faced challenges from inflation and supply chain problems.
• UK aims for 50 GW offshore wind by 2030 but lack of new capacity could cost consumers.
• Solar power got most new capacity in latest auction followed by onshore wind.
• Shift away from offshore wind signals challenges in delivering renewable growth targets.