In a move that gives the lie to years of propaganda claiming falling costs, the wind industry’s leading lobbyists have written to the Government threatening to abandon the U.K. unless subsidies for their companies are hugely increased. The industry lobbyists claim that unforeseen rising costs now require three actions: A revision to the auction rules so that the winners are not determined by lowest bids but by an administrative decision that weights bids according to their ‘value’ in contributing towards the Net Zero targets. Special new targets and thus market shares for floating offshore wind, one of the most expensive...
