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UK Prime Minister raises wind ambitions

By: Tom Russell 14/11/2019 4C Offshore

General Windfarms

UK Prime Minister Boris Johnson has promised to commit to boosting the UK’s offshore wind capacity to 40 GW by 2030 if the Conservatives win the General Election. The pledge was made as part of the Conservative party's campaign ahead of the next UK general election, to be held on 12 December 2019.

The UK is currently a world leader with regards to installed offshore wind capacity, with around 8.5 GW installed and over 3 GW in construction or post financial closure. The government's current target for offshore wind is currently 30 GW by 2030, and was set in an effort to reduce greenhouse gas emissions to zero by 2050.

In September 2019, the cost of offshore wind dropped around 30%, following the result of the UK government's latest Contracts for Difference (CfD) auction, which provides subsidy support for major renewable energy infrastructure projects. Projects are now being delivered for as low as £39.65/MWh. The successful projects included the Doggerbank Creyke Beck A, Doggerbank Creyke Beck B, Doggerbank Teeside A, Forthwind, Seagreen Phase 1 and Sofia offshore wind farms. The cumulative capacity of these awarded projects exceeds 5.4 GW.

Furthermore, the Crown Estate (TCE) announced plans this year to open up the potential for at least 7 GW of new seabed rights for offshore wind development in waters around England and Wales. TCE claims that Round 4 has the potential to meet the electricity needs of over six million homes. Round 4 was revealed following seven extension projects with a combined capacity of 2.85 GW progressing to the award of rights stage.

For more information on the offshore wind industry in the UK and further afield, click here.

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UK Prime Minister raises wind ambitions

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