"We had literally a shovel-ready project. We would have taken a final investment decision the day after being awarded the contract. Construction would have started immediately and the project would have been at full output before the end of 2030."
"The rule changes introduced for AR7, which allowed projects to bid before receiving planning consent and before locking in supply chain contracts, increased the risk of non-delivery."
"RWE acknowledged earlier this year that not all of its AR7 projects were likely to be operational by 2030, the government's deadline for achieving 95 per cent clean electricity generation."
Scottish Power criticizes the latest Contracts for Difference subsidy auction (AR7) for awarding contracts to less-developed offshore wind projects over its shovel-ready East Anglia One North farm. The £4 billion project, fully consented and capable of powering 900,000 homes, could have reached full output before 2030. Instead, six winning proposals include schemes without planning consent or finalized supply chain agreements. Rule changes for AR7 allowed bidding before planning approval, increasing delivery risk. RWE won five successful bids but acknowledged not all projects will be operational by 2030, potentially jeopardizing the government's clean electricity target.
#offshore-wind-energy #contracts-for-difference #clean-energy-policy #renewable-energy-subsidies #2030-climate-target
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