Response to Contracts for Differences Auctions
SSE is encouraged to see further offshore wind projects successfully bidding for CfD contracts at record low prices. This has been enabled by the investment and progress made by the industry to develop capabilities, technologies and the corresponding supply chain over the past decade. An industrial strategy with renewables at its heart has the potential to keep long term for costs down for customers as the UK continues its transition to a low carbon economy.
Paul Cooley, SSE’s Director of Generation Development said:
“As a UK-based energy company, SSE is proud to be investing in much needed energy infrastructure that contributes to UK growth. With offshore wind becoming an affordable form of large-scale, low-carbon energy, we believe that the UK as a whole will benefit from these most recent cost reductions.
“Investment in offshore wind creates opportunities to develop the wider UK supply chain and brings value to local economies and local communities. Already Beatrice Offshore Windfarm Limited has helped foster UK and Scottish supply chains for the offshore sector and has had a positive impact on local lives and livelihoods. We aim to deliver the same again through both the Dogger Bank and Seagreen offshore wind projects and hope that similar economic benefits will be replicated across the UK offshore wind industry.”