Offshore Wind Subsidies Topped £4 Billion Last Year

Offshore Wind Subsidies Topped £4 Billion Last Year

JULY 22, 2021tags: offshore windwind power

By Paul Homewood

An offshore wind farm in Redcar on Teesside.

Last year, subsidies for offshore wind amounted to £4034 million, including £1651 million via the Contract for Difference scheme at an average of £128/MWh.

Offshore wind output totalled 40.7 TWh, just 13% of UK generation.

Justin Rowlatt says the offshore wind industry is now virtually subsidy free!

image

CORRECTION

I have calculated the ROCs incorrectly. The true cost of subsidies for those is £2383 million. This means the total cost of subsidies, including CfDs, is £4034 million.

Share this:

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s