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September 11, 2023

Experts call for higher strike prices after failed UK offshore wind auction

UK offshore wind farm
Three renewable energy companies have said that the government’s focus on obtaining renewable energy capacity at the lowest feasible strike price risked deterring investors (Photo: Christopher Furlong/Getty Images)

Industry and investors criticise the government after no contracts were awarded for offshore wind projects in the UK’s latest auction round

Low strike prices have deterred offshore wind developers from bidding for projects as part of the UK’s most recent auction round for clean energy projects, according to trade bodies, think-tanks and the investment community.

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