Opinion

On-demand webinar | UK offshore wind: has Allocation Round 7 delivered a win for the wider energy sector?

The UK government has doubled budget to secure 8.4 GW of offshore wind, prioritising volume over cost as RWE dominates the round

1 minute read

The UK's seventh allocation round (AR7) for offshore wind has delivered a record-breaking 8.4 GW of capacity, marking a decisive shift in government strategy that prioritised securing substantial renewable energy capacity over achieving the lowest possible prices.

Wood Mackenzie recently held a webinar to take a 360 degree view of the UK’s AR7 outcome and ask a simple question: has AR7 delivered a win for the wider energy sector?

In the webinar, our experts covered:

  • Corporate and financial outcomes: who won, who missed out, and what this means for portfolios, balance sheets and farm down strategies
  • Power market impacts: where the awarded projects sit in the GB generation mix, and the implications for system flexibility and capture prices
  • Supply chain and costs: what AR7 signals for OEM order books, UK manufacturing opportunities and cost and delivery trends
  • Policy and market design: what the results mean for CfD design, grid constraints, and the outlook for AR8 and the next phase of offshore wind build out

Watch the AR7 webinar on demand

Simply fill out the form at the top of the page to watch the full recording of the session.