Offshore wind expecting to lose out in auction for UK financial help
by Jillian Ambrose from Environment | The Guardian on (#6EH9Z)
Energy industry experts say steep rise in costs could result in few projects submitting bids
Britain's offshore wind industry is expecting to lose out on financial help for projects toward meeting the UK's climate goals, because soaring inflation means developers are not able to compete for crucial government support.
Ministers are expected to announce the results of the latest auction for financial support contracts this Friday, but energy industry insiders suggest it could be a damp squib in a potential blow to the UK's climate goals.
Continue reading...