Jennings, T;
Tipper, HA;
Daglish, J;
Grubb, M;
Drummond, P;
(2020)
Policy, innovation and cost reduction in UK offshore wind.
UCL’s Bartlett School of Energy, Environment and Resources: Carbon Trust.
Preview |
Text
Policy-innovation-offshore-wind-report-2020.pdf Download (1MB) | Preview |
Abstract
Offshore wind in the UK has been a remarkable green growth success story. The price of offshore wind is less than a third of what it was a decade ago (Figure 1). In UK conditions, it is now cost competitive with new fossil fuel generation1. Indeed, if electricity prices return to pre-Covid levels, the Government would no longer be subsidising new offshore wind; HM Treasury will be earning revenue instead2. In parallel, the industry has grown and matured to a point where oil and gas companies are clamouring to enter the market and pension funds are comfortable in investing billions of pounds into construction.
| Type: | Report |
|---|---|
| Title: | Policy, innovation and cost reduction in UK offshore wind |
| Open access status: | An open access version is available from UCL Discovery |
| Publisher version: | https://prod-drupal-files.storage.googleapis.com/d... |
| Language: | English |
| Additional information: | This version is the version of record. For information on re-use, please refer to the publisher's terms and conditions. |
| UCL classification: | UCL UCL > Provost and Vice Provost Offices UCL > Provost and Vice Provost Offices > UCL BEAMS UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment > Bartlett School Env, Energy and Resources |
| URI: | https://discovery.ucl.ac.uk/id/eprint/10118565 |
Archive Staff Only
 |
View Item |
