The UK has increased offshore wind maximum strike prices to £73/MWh for fixed-bottom offshore wind installations for the 2024 AR6 Allocation Round.This is a substantial increase from the £44/MWh set for the AR5 round in 2023 which was too low to attract bids with no capacity being awarded to offshore wind.The higher price is designed to compensate for a higher cost and interest rate environment.Source: S&Phttps://www.spglobal.com/marketintel...
