Offshore Wind Subsidies Topped £4 Billion Last Year
By Paul Homewood
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!
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.