The renewables industry warned that the UK’s goal of decarbonising its grid by 2035 and hitting 50 gigawatts of offshore wind by this decade’s end may now be out of reach without “urgent action” to fix its process for securing green energy investment, after its latest auction flopped.
Investors for both fixed-bottom and floating offshore wind were a no-show, as expected, in the latest contract-for-difference (CfD) auction, the results of which were announced on Friday.
