STATEMENT: AR7 Offshore Wind Auction Results a ‘Significant Step Forward’

Responding to the results of the government’s AR7 offshore and floating offshore wind auction, UKSIF CEO James Alexander said:

“The results of the government’s offshore and floating offshore wind auction represent a significant step forward in delivering the UK’s evolution to clean energy.

“This has the capacity to attract billions of pounds of private capital into our low-carbon industries, supporting long-term growth and jobs across the UK economy. It is also a vote of confidence in the Contracts for Difference model as a crucial driver of investment in our energy system.

“Sustained progress will depend on future allocation rounds delivering the scale and consistency needed to accelerate the rollout of renewable infrastructure. The government’s support for credible clean energy policies remains crucial for ensuring the UK’s attractiveness as an investable market.”