Insight

CfD Round 2 in the UK Awards

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18 September 2017

CfD Round 2 in the UK Awards

Report summary

In May 2017, Wood Mackenzie acquired MAKE, the leading research and consulting firm covering global wind industry. Attached is their recent insight covering the recent UK Renewable Power Auction, where offshore wind project contracts were awarded at record low prices. The rapid decrease in offshore wind costs is putting competitive pressure on natural gas, nuclear, and solar power projects as costs continue to converge.

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    cfd-round-2-in-the-uk-awards-32gw-of-offshore-wind-capacity.pdf

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