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Bright Blue responds to the Government’s announcement to increase the maximum Contract for Difference (CfD) maximum strike price for offshore wind projects by 66% to further cement the UK as a world leader in clean energy. 

Sarah Kuszynski, Research Assistant of Bright Blue, commented:

“After a disastrous allocation round for Contracts of Difference earlier this year, the Government’s decision to raise the Maximum Strike Price is very welcome. 

It will go some way to attract record levels of renewable investment – imperative for the UK’s advantage in developing new technologies and delivering on net zero targets. 

This announcement will put some much-needed ‘wind into the sails’ of the offshore wind sector.”

Bright Blue recently called for the increase in the maximum Contract for Difference (CfD) stroke price for offshore wind.

 

ENDS

Notes to editors:

To arrange an interview with a Bright Blue spokesperson or for further media enquiries, please contact Emily Taylor at emily@brightblue.org.uk or on 078414 19316.

  • Bright Blue is the independent think tank and pressure group for liberal conservatism.
  • Bright Blue’s Board includes Ryan Shorthouse (Executive Chair), Diane Banks, Philip Clarke, Alexandra Jezeph and Richard Mabey.
  • Our advisory council can be found here. We also have 218 parliamentary supporters. Members of our advisory council and our parliamentary supporters do not necessarily endorse all our policy recommendations, including those included in this press release.