Green Fail: Government Offshore Wind Farm Auction Attracts Zero Bids

September 08, 2023

by Simon Kent Breitbart.com

Zero. That was the sum total of new UK offshore wind projects bought by developers at a key government auction Thursday, as renewable energy groups shunned the sector as unviable even with heavy taxpayer subsidies.

The BBC reports potential firms argued the consumer price set for electricity generated was set too low to make offshore wind farms viable.

For its part the government blamed the zero bids on a “global rise” in inflation impacting supply chains that had “presented challenges for projects.”

It said while offshore and floating offshore wind projects did not feature on the agreed deals list, the outcome was “in line with similar results in countries including Germany and Spain.”