UK offshore wind threatened by a lack of investment

The latest UK government auction for renewable energy contracts – known as “contracts for difference”  – has resulted in no new offshore wind farms in what has been described as a significant clean energy policy failure. Offshore wind companies chose not to participate, citing low auction prices that didn't account for the 40% inflation-driven rise in supply chain costs. The absence of offshore wind projects may impact climate targets, increase energy bills, and deter billions in investments. The auction secured contracts for solar and onshore wind projects but leaves the UK's clean energy goals at risk. Critics blame government complacency and incompetence for the outcome. (The Guardian)