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The UK offshore wind industry faces disappointment as no new contracts are awarded in the latest round of Contracts for Difference
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The funding will be provided over three years and allows the company to tailor specialist support for the Floating Offshore Wind sector, which is poised to become the ‘backbone’ of a future net zero renewable energy system
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Opening with £285 million a year funding, the auction will support 12GW of electricity capacity
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The 2MW floating tidal turbine has clocked a record level of electricity generation
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New research suggests costs could be significantly reduced and around 4,000 jobs could be supported by 2030
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