Overview
- The government allocated £900 million for fixed-bottom projects and £180 million for floating wind, targeting deliveries from 2028.
- Sealed bids will be submitted 11–17 November with winners expected on 14 January, and successful projects will receive 20-year Contracts for Difference.
- Administrative strike prices were set at £113/MWh for offshore wind and £271/MWh for floating wind, and no capacity cap will apply in either pot.
- Officials described the CfD budget as a worst‑case exposure funded via energy bills, with payments flowing back to consumers when market prices exceed strike prices.
- Analysts warn the pot could secure roughly 4.9 GW versus the 7–9 GW seen as necessary for the 2030 clean power goal, though the government may contract more if it demonstrates consumer value.