Key analysis
Andrew Jamieson, Chief Executive of the Offshore Renewable Energy Catapult, said: “We welcome today’s results, and congratulate the successful developers. The auction results are further evidence of the huge progress the industry has made in substantially cutting costs through innovation, creating thousands of UK jobs.
“Technology innovation remains at the heart of driving further cost reduction and remains the critical enabler of this continued downward trajectory and the huge economic benefits that will ensue.
“We look forward to continuing to support businesses of all sizes to accelerate innovation, driving ever-increasing quantities of UK content as capacity increases and costs continue to fall, and ensuring that offshore wind becomes the backbone of the UK’s future energy systems.”