To ask the Secretary of State for Business, Energy and Industrial Strategy, whether he has made an assessment of the potential for offshore wind to deliver significant electricity system cost reductions by 2030; and if he will make a statement.
Answered on
1 May 2018
Offshore wind costs have fallen significantly over the last few years. The cheapest offshore wind projects in the 2017 Contract for Difference Allocation Round cleared 50% lower than the cheapest offshore wind project in the 2015 Contract for Difference Allocation Round. Going forward, the industry expects offshore wind costs to continue to fall.
Answered by
Department for Business, Energy and Industrial Strategy