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Energy News – September 2024

Estimated reading time 1 minute

The government has awarded nine offshore wind farm contracts after last year’s auction failed to attract any bidders at all.

The contracts are part of a wider slate of green energy projects the government has announced that include tidal and solar power which, it said, will be enough to fuel the equivalent of 11 million UK homes.

Last September, no companies bid in the auction to build offshore wind farms.

The industry said at the time that the guaranteed price offered by the then Conservative government for electricity generated by the wind farms did not take into account higher costs such as construction materials which had risen because of inflation.

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