Statement on BEIS’ draft Contracts for Difference budget notice

"SSE welcomes the CfD budget announcement, which is an important milestone in the Government’s ongoing commitment to a sustained, long-term policy framework to support offshore wind.

"Competitive auctions have been effective in driving down the price of offshore wind, and rightly so, but the strike prices set out are approaching “subsidy free” levels which is ambitious. To deliver projects at the this level whilst also meeting higher local content targets will require close collaboration between offshore developers, supply chain partners and financiers.  

"A cap on capacity is disappointing when there’s more than 6GW of low carbon projects ready to play a part in delivering the clean energy infrastructure we need to decarbonise the power sector.  We’d urge BEIS to publish the Allocation Framework as soon as possible to give developers sight of how the overall budget will be awarded to help inform the bid process."

SSE announced in November 2018 that it is bringing together the development, operation and ownership of its renewable energy assets in the UK and Ireland under a single entity to be known as SSE Renewables.