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The UK’s latest offshore wind auction awarded 8.4 GW, making it the biggest offshore wind auction in Europe to date. Strong competition led to competitive average prices of £91.20/MWh in England and Wales and £89.49/MWh in Scotland. These results reinforce offshore wind’s role as the most competitive large-scale clean electricity generation technology.
More than 4 GW are at stake in new competitive procurement processes across the region, many of which already require battery energy storage systems (BESS). However, traditional power purchase agreements (PPAs) continue to fall short of recognising the full value of storage, undermining bankability and increasing pressure on regulatory frameworks.
The province launches a regulatory framework that allows multiple users to jointly generate renewable energy, offering tax incentives, surplus monetisation and clear operating rules to scale medium-sized projects.