Latest round of offshore wind farms that won the UK’s Contracts for Difference (CfDs) and are expected to go online mid-2020, are foreseen to be the first to operate with “negative subsidies” and pay money back, according to an analysis led by Imperial College London.
In the latest CfD Allocation Round 3 in September 2019 six offshore wind projects were selected, with a combined capacity of 5,466 MW and record-low prices of the time (GBP 39.65/MWh to GBP 41.61/MWh). The study, published in Nature Energy, predicts that this contracted price is likely to fall below the UK wholesale price from the mid-2020s and over the lifetime.
Read more at: OffshoreWind.Biz