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UK Secures Record 8.4GW of Offshore Wind in CfD Auction

Ministers say 20-year deals at a £90.91/MWh average for fixed projects will reduce exposure to gas by undercutting the cost of building new gas plants.

Overview

  • The government confirmed a blended fixed-bottom strike price of £90.91/MWh (£91.20 in England and Wales, £89.49 in Scotland) and £216.46/MWh for floating wind.
  • Six projects won contracts, including Dogger Bank South, Norfolk Vanguard, Berwick Bank and Awel Y Mor, with floating schemes Erebus and Pentland also backed.
  • The fixed offshore wind budget was raised from about £900 million to roughly £1.79 billion and contract terms were extended to 20 years to secure additional capacity.
  • Officials project around £22 billion in private investment, about 7,000 jobs and enough generation to supply the equivalent of 12 million homes.
  • Reaction is divided, with supporters citing lower long-term gas exposure while critics warn bill levies could reach nearly £1.8 billion a year and highlight grid and delivery risks to the 2030 target.