More immediately, it is vital that the AR7 and AR8 auctions take place on time this year and next, and that contracts are awarded.
“Quite simply, we need business to happen. The final hurdle is the winning of a CfD – that allows developers to take projects forward and actually build.” Danielle Lane, Director of Offshore Development, RWE.
A large part of getting “business to happen” is long-term policy clarity and certainty for investors. Massive changes in the market or policy could otherwise, all panellists agreed, risk the delivery of Clean Power targets.
“It’s been a speedy ride recently. But all the pieces are there. We need to gather ourselves, get some contracts awarded, and then move forward as an industry to get this done.” Jane Cooper, Deputy CEO of trade association Renewable UK.
While the UK forges ahead, global progress is uneven. Offshore wind in the US has stalled, Europe is mixed, and Asia – especially China – is accelerating. That global shift matters – as markets falter elsewhere, the UK can lead – but only if we move with purpose, unlock collaboration, and stay focused on delivery.
It was a fascinating and illuminating discussion which made the magnitude of the task clear – but also provided encouragement that, with industry collaboration and the right policy framework in place, offshore wind can rise to the challenge.
Watch the full discussion below: