How new offshore wind contracts promise to push down wholesale power prices

James Murray
clock • 5 min read
Credit: iStock
Image:

Credit: iStock

Snap analysis from ECIU claims 8.4GW boost to offshore wind farm capacity promises to cut wholesale power prices by over 10 per cent thanks to reduced UK gas reliance

The government's record-breaking wave of new offshore wind contracts has the potential to slash wholesale power prices in the coming years, as the new renewables capacity secured through the latest Contracts...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Wind

Bute Energy secures financial close for £160m Twyn Hywel Energy Park

Bute Energy secures financial close for £160m Twyn Hywel Energy Park

Two major financing deals confirmed for Welsh wind farms, as government hints at plans for upcoming clean energy contract auctions

James Murray
clock 18 June 2026 • 3 min read
UK offshore wind industry launches Wind Innovation Hub

UK offshore wind industry launches Wind Innovation Hub

New initiative aims to become 'innovation and industrialisation engine' for UK offshore wind industry

clock 16 June 2026 • 2 min read
GWEC: Global offshore wind capacity to quadruple in the next decade

GWEC: Global offshore wind capacity to quadruple in the next decade

Annual offshore wind installations expected to surpass 50GW a year in the next decade, as global capacity set to reach 420GW by 2035, industry estimates claim

Stuart Stone
clock 10 June 2026 • 4 min read