The firm said it will will \u201cevaluate options for future development of the Hornsea 4 project given the continuing seabed rights, grid connection agreement and development consent order,\u201d but confirmed it could no longer deliver the project as planned.<\/p>\n
Increased offshore wind capacity is expected to form the backbone of Prime Minister Keir Starmer\u2019s ambitious plan to power the U.K. almost entirely with low carbon sources by 2030. The potential loss of 2.4GW of potential capacity is a significant setback.<\/p>\n
A spokesperson for the Department of Energy Security and Net Zero said the government would \u201cwork with \u00d8rsted to get Hornsea 4 back on track\u201d and insisted that there was still \u201ca strong pipeline of projects to deliver clean power by 2030.\u201d<\/p>\n
The next round of subsidy allocations under the contracts for difference scheme \u2014\u00a0known as allocation round seven (AR7) \u2014\u00a0is due later this year and is seen as a final chance \u00a0to secure sufficient offshore wind capacity to hit the government\u2019s 2030 goal.<\/p>\n
An energy industry figure, granted anonymity to speak about government decision-making, said the loss of Hornsea 4 \u201craises the stakes quite a bit for AR7.\u201d<\/p>\n
The 2030 goal was still achievable, they said, \u201cbut it’s obviously a significant amount of capacity that now will have to be sought elsewhere if the project can’t get back up and running.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"The firm said it will will \u201cevaluate options for future development of the Hornsea 4 project given the…\n","protected":false},"author":2,"featured_media":81513,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,4],"tags":[748,2813,2438,35,393,4884,806,478,807,3739,1144,5348,712,39553,6648,16,15,1764],"class_list":{"0":"post-81512","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-uk","8":"category-united-kingdom","9":"tag-britain","10":"tag-carbon","11":"tag-department","12":"tag-energy","13":"tag-england","14":"tag-great-britain","15":"tag-industry","16":"tag-interest-rates","17":"tag-keir-starmer","18":"tag-net-zero","19":"tag-northern-ireland","20":"tag-offshore-wind","21":"tag-scotland","22":"tag-subsidy","23":"tag-supply-chains","24":"tag-uk","25":"tag-united-kingdom","26":"tag-wales"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114465901333337304","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/81512","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=81512"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/81512\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/81513"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=81512"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=81512"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=81512"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}