{"id":275821,"date":"2023-08-27T14:13:42","date_gmt":"2023-08-27T12:13:42","guid":{"rendered":"https:\/\/climatescience.press\/?p=275821"},"modified":"2023-08-27T14:13:45","modified_gmt":"2023-08-27T12:13:45","slug":"offshore-wind-subsidies-on-course-to-hit-5bn-this-year","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=275821","title":{"rendered":"Offshore Wind Subsidies On Course To Hit \u00a35bn This\u00a0Year"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

<\/p>\n\n\n\n

From NOT A LOT OF PEOPLE KNOW THAT<\/a><\/p>\n\n\n\n

By Paul Homewood<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Latest data shows that offshore wind is once again being paid massive amounts in subsidies, as the market price of electricity gradually sinks back nearer to historic rates.<\/p>\n\n\n\n

According to the\u00a0Low Carbon Contracts Company<\/a>, subsidies to offshore wind farms under CfDs amounted to \u00a3419 million between April and July this year, equivalent to \u00a396\/MWh. The market price averaged \u00a381\/MWh during the same period.<\/p>\n\n\n\n

Older offshore wind farms, which are subsidised via ROCs, are paid a subsidy of \u00a3125\/MWh at current rates.<\/p>\n\n\n\n

Last year offshore wind generated 45 TWh, split 22.1 TWh for ROC generators and 22.9 TWh for CfD ones. On this basis and at current levels of subsidies, the total subsidy for offshore wind will amount to over \u00a34.9 billion in this year as a whole. That works out at about \u00a3200 per household.<\/p>\n\n\n\n

Remember that next time when people tell you how cheap wind power is!<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Latest data shows that offshore wind is once again being paid massive amounts in subsidies, as the market price of electricity gradually sinks back nearer to historic rates.<\/p>\n","protected":false},"author":121246920,"featured_media":275826,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[691818076,691822121,691818154,691818340,691818299],"class_list":["post-275821","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-co2","tag-low-carbon-contracts-company","tag-net-zero","tag-offshore-wind-farms","tag-subsidies","fallback-thumbnail"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/08\/0Offshore-Wind-Construction-1.jpg?fit=1366%2C768&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paxLW1-19KJ","jetpack-related-posts":[{"id":288260,"url":"https:\/\/climatescience.press\/?p=288260","url_meta":{"origin":275821,"position":0},"title":"Offshore Wind Costs","author":"uwe.roland.gross","date":"11\/20\/2023","format":false,"excerpt":"The UK government has increased the strike price caps for the upcoming Contracts for Different round and committed to an offshore wind-only pot. The Administrative Strike Price for fixed-foundation bidders in Allocation Round 6 will be \u00a373 per megawatt-hour, up 66% on the \u00a344\/MWh in AR5 that failed to attract\u2026","rel":"","context":"In \"\u00a311 billion a year\"","block_context":{"text":"\u00a311 billion a year","link":"https:\/\/climatescience.press\/?tag=11-billion-a-year"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/image-483.png?fit=1200%2C1063&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/image-483.png?fit=1200%2C1063&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/image-483.png?fit=1200%2C1063&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/image-483.png?fit=1200%2C1063&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/image-483.png?fit=1200%2C1063&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":277959,"url":"https:\/\/climatescience.press\/?p=277959","url_meta":{"origin":275821,"position":1},"title":"Net Zero Offshore\u00a0Wind","author":"uwe.roland.gross","date":"09\/09\/2023","format":false,"excerpt":"The Government has today announced the results of the fifth auction of Contracts for Difference (CfD) subsidies for renewable electricity generation. Its has been a failure, and may represent a landmark moment for renewables policy.","rel":"","context":"In \"Contracts for Difference (CfD)\"","block_context":{"text":"Contracts for Difference (CfD)","link":"https:\/\/climatescience.press\/?tag=contracts-for-difference-cfd"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/09\/00a3aa69de31bae906426ee521673552a7.jpeg?fit=1200%2C800&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/09\/00a3aa69de31bae906426ee521673552a7.jpeg?fit=1200%2C800&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/09\/00a3aa69de31bae906426ee521673552a7.jpeg?fit=1200%2C800&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/09\/00a3aa69de31bae906426ee521673552a7.jpeg?fit=1200%2C800&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/09\/00a3aa69de31bae906426ee521673552a7.jpeg?fit=1200%2C800&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":241512,"url":"https:\/\/climatescience.press\/?p=241512","url_meta":{"origin":275821,"position":2},"title":"Gas-Fired Power Is Now Cheaper Than Offshore Wind Again","author":"uwe.roland.gross","date":"01\/25\/2023","format":false,"excerpt":"Offshore wind farms subsidised by ROCs costs even more, They receive about \u00a3100\/MWh in subsidy on top of the market price of the electricity they sell, meaning they currently earn well over \u00a3200\/MWh. The Low Carbon Contracts data confirms that power prices are falling back.","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/01\/image-1097.png?fit=1200%2C600&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/01\/image-1097.png?fit=1200%2C600&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/01\/image-1097.png?fit=1200%2C600&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/01\/image-1097.png?fit=1200%2C600&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/01\/image-1097.png?fit=1200%2C600&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":440607,"url":"https:\/\/climatescience.press\/?p=440607","url_meta":{"origin":275821,"position":3},"title":"The Dying Embers of Net Zero Propaganda","author":"uwe.roland.gross","date":"04\/20\/2026","format":false,"excerpt":"Physics hasn\u2019t changed: wind and solar are cheap when the wind blows and sun shines, but the system still needs firm capacity. Technology costs have fallen dramatically, and emissions have been displaced \u2014 but the transition\u2019s total system cost is still being socialised through bills and subsidies. Whether the embers\u2026","rel":"","context":"In \"Contracts for Difference (CfDs)\"","block_context":{"text":"Contracts for Difference (CfDs)","link":"https:\/\/climatescience.press\/?tag=contracts-for-difference-cfds-2"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/04\/0-The-Dying-Embers-of-Net-Zero-Propaganda.jpg?fit=784%2C1168&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/04\/0-The-Dying-Embers-of-Net-Zero-Propaganda.jpg?fit=784%2C1168&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/04\/0-The-Dying-Embers-of-Net-Zero-Propaganda.jpg?fit=784%2C1168&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/04\/0-The-Dying-Embers-of-Net-Zero-Propaganda.jpg?fit=784%2C1168&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":259191,"url":"https:\/\/climatescience.press\/?p=259191","url_meta":{"origin":275821,"position":4},"title":"Ireland Squanders \u20ac1.3 Billion on Wind Power & Gets World\u2019s Most Expensive Power In\u00a0Return","author":"uwe.roland.gross","date":"05\/26\/2023","format":false,"excerpt":"Death and taxes are certainties, so is the fact that power prices soon rocket out-of-control, once your power needs depend on the weather. Ireland is no exception. More than \u20ac1.3 billion in subsidies has been thrown at wind power outfits in less than a decade, and with little to shown\u2026","rel":"","context":"In \"Irish climate leadership\"","block_context":{"text":"Irish climate leadership","link":"https:\/\/climatescience.press\/?tag=irish-climate-leadership"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/05\/00-Ireland.jpeg?fit=1200%2C753&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/05\/00-Ireland.jpeg?fit=1200%2C753&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/05\/00-Ireland.jpeg?fit=1200%2C753&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/05\/00-Ireland.jpeg?fit=1200%2C753&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/05\/00-Ireland.jpeg?fit=1200%2C753&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":290670,"url":"https:\/\/climatescience.press\/?p=290670","url_meta":{"origin":275821,"position":5},"title":"The Case Against Offshore\u00a0Wind","author":"uwe.roland.gross","date":"12\/10\/2023","format":false,"excerpt":"One colleague contacted me regarding his MP, who is vice-chair of the Climate All Party Parliamentary Group. She supports the Net Zero agenda and agrees with plans to massively increase offshore wind capacity.","rel":"","context":"In \"Carbon Tax\"","block_context":{"text":"Carbon Tax","link":"https:\/\/climatescience.press\/?tag=carbon-tax"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/12\/OIG-2023-11-13T120832.243-1.jpeg?fit=1024%2C1024&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/12\/OIG-2023-11-13T120832.243-1.jpeg?fit=1024%2C1024&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/12\/OIG-2023-11-13T120832.243-1.jpeg?fit=1024%2C1024&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/12\/OIG-2023-11-13T120832.243-1.jpeg?fit=1024%2C1024&ssl=1&resize=700%2C400 2x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts\/275821","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/users\/121246920"}],"replies":[{"embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=275821"}],"version-history":[{"count":5,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts\/275821\/revisions"}],"predecessor-version":[{"id":275829,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts\/275821\/revisions\/275829"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/media\/275826"}],"wp:attachment":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=275821"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=275821"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=275821"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}