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Barnaby Wharton

Jul 7 • 4 tweets • 2 min read

#CfD results are in!!

£37.35 /MWh for offshore wind - securing 7GW
£42.47/MWh for onshore wind
[with correct numbers now!]
assets.publishing.service.gov.uk/government/upl…

Given commodity costs, uncertainty in the market and networsk charges (Scottish projects face particularly high costs), these offshore prices are, once again, amazing.

In chart form (onshore wind in 2024 gets abit lost in that cluster).

Floating and tidal projects (4 projects) away as well. Though small, this is really important to get these technologies off the ground (as it were) and start driving the supply chain investment we need.

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Barnaby Wharton

@BarnabyCBW

Jul 7

@NationalGridESO

So, the HND from @NationalGridESO is quite a document, and lots to digest. Well done to all involved in getting there. What is it all about? A🧵

https://twitter.com/BarnabyCBW/status/1545001870250446848

We currently build offshore wind farms with individual, "radial", links to the grid. This was fine when we wanted 10GW, but now our ambition is higher. To minimise impact on communities and costs we'll coordinate connections. The OTNR aims to do this: gov.uk/government/gro…

How does this deliver savings? First up, investment. Building the grid to support the deployment of 50GW of offshore as well as (and this is important) everything else requires a lot of money. In fact, £50 billion for onshore and offshore networks.

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