Supply chain constraints, higher raw material prices and a jump in the cost of capital will leave Britain with a larger bill for the next round of offshore wind projects, the government’s industry expert has warned. Tim Pick, Britain’s first offshore wind champion, has told ministers not to expect a further price drop at the next auction below the £37.35 per megawatt-hour at which some operators last year agreed to sell their power. Under the government’s contracts for difference (CfD) … read more »
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