Offshore wind: Report warns 'inflexible' rules risk stifling developers at £1.5bn cost to UK bills

Michael Holder
clock • 5 min read
Credit: Octopus Energy

Credit: Octopus Energy

Concerns continue to mount that next month's Contracts for Difference auction may fail to deliver on UK ambitions for offshore wind capacity

Offshore wind developers risk being stymied by "inflexible" red tape in the government's flagship renewable power scheme, which could see billpayers miss out on low-cost, green energy to the tune of £1.5bn...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech development
  • Tap into our extensive archive of exclusive articles, news, analysis and guide
  • Access to our new BusinessGreen intelligence service, providing you with
  • > Exclusive in-depth case studies
  • > Policy briefings, white papers and reports on market trends that are shaping the direction of the net zero transition
  • Our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Online and interactive meetings with BusinessGreen’s editors to discuss the crucial stories and trends from the past month

Choose from 3 paid membership levels or start a 7-day no strings trial.

Join nowTry 7 day trial


Already a BusinessGreen member?


More on Wind

UK delivers 'cleanest power grid ever'

UK delivers 'cleanest power grid ever'

Latest update from Drax Electric Insights confirms renewables supplied 40 per cent of UK power during the third quarter of the year

James Murray
clock 11 December 2023 • 3 min read
Credit: iStock

Ørsted and Highview Power tout liquid air energy storage as offshore wind 'catalyst'

Partners note there are significant benefits to pairing clean energy projects with long-duration energy storage solutions

Cecilia Keating
clock 30 November 2023 • 3 min read
Octopus Energy Generation launches £3bn wind fund

Octopus Energy Generation launches £3bn wind fund

Investment vehicle set up with cornerstone funding from Tokyo Gas

Cecilia Keating
clock 17 November 2023 • 2 min read