Hornsea wind project
Much hand-wringing by the climate obsession lobby, but there it is – zero interest in bidding for government offshore wind business, as expected. The government seems to have two choices for more part-time offshore wind – give up or pay up. If it pays up, the already dubious claims of cheapness are toast.
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The government’s green energy plans have been dealt a blow after firms snubbed an auction for contracts to run new offshore wind sites, says Sky News.
There were successful bids for onshore wind, solar, tidal and geothermal projects to supply the grid with electricity.
However, there were none for offshore turbines, which provide the backbone of the UK’s renewables system.
Insiders had warned the process had struggled to attract bidders because the government has set the maximum price generators can receive as too low, failing to reflect the rising costs of manufacturing and installing turbines.
The industry has been hit by inflation that has seen the price of steel rise by 40%, supply chain pressures and increases in the cost of financing.
This year offshore wind producers were allowed a maximum bid of £44 per megawatt hour (MWh) of electricity, compared to £155 per MWh in 2015, based on adjusted figures.
The outcome of the auction is a setback to ministers’ pledge to deliver 50 gigawatts (GW) of offshore wind by 2030, from 14 GW currently.
Full article here.
via Tallbloke’s Talkshop
September 8, 2023 at 03:17AM
Iowa Climate Science Education 