Wind Power: Seas and Oceans

Department for Business, Energy and Industrial Strategy written question – answered on 2nd March 2018.

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Photo of Lord Truscott Lord Truscott Non-affiliated

To ask Her Majesty's Government what consideration they have given to extending the existing renewable energy subsidy for offshore wind beyond October.

Photo of Lord Henley Lord Henley Parliamentary Under-Secretary (Department for Business, Energy and Industrial Strategy)

The Renewables Obligation (RO) scheme closed to most new projects on 31 March 2017. Floating and demonstration offshore wind projects in Scotland have a grace period until 30 September 2018 to accredit under the scheme. Developers have known about this grace period since it was announced by the Scottish Government in 2013. The expiry dates are set out in legislation and we do not intend to extend them.

The RO is being replaced by the competitive 'Contracts for Difference' (CFD) support scheme. Innovative offshore wind projects are eligible to compete in the next CFD auction, planned for spring 2019. The scheme incentivises developers and the supply chain to innovate and continuously bear down on costs. This will allow the UK to produce more renewable energy at a significantly lower cost for consumers.

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