Wind Power: Seas and Oceans

Department for Energy Security and Net Zero written question – answered at on 23 May 2024.

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Photo of Virginia Crosbie Virginia Crosbie Conservative, Ynys Môn

To ask the Secretary of State for Energy Security and Net Zero, whether she has taken steps with the Chancellor of the Exchequer to increase the offshore wind capacity delivered in the Contracts for Difference Allocation Round 6 compared to Allocation Round 5.

Photo of Andrew Bowie Andrew Bowie Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)

On 6 March 2024, the Government confirmed over £1 billion of budget will be available in the Contracts for Difference Allocation Round 6 auction, including £800 million allocated to offshore wind. This followed the announcement in November that the administrative strike prices for fixed and floating offshore wind had been increased by 66% and over 50% respectively, since the previous allocation round.

This budget announcement makes this the largest round yet, with four times more budget available to offshore wind than in the previous round.

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