Britain Awards Wind Farm Contracts That Will Power 12 Million Homes
The New York Times • • business
Key Points:
- The British government announced guaranteed electricity prices for offshore wind farms off England, Scotland, and Wales, which could power 12 million homes once operational.
- This move contrasts sharply with the United States, where offshore wind development has been largely halted under President Trump, while northern Europe continues to invest heavily in the technology.
- The recent auction in Britain secured support for 8.4 gigawatts of offshore wind capacity, the largest amount ever awarded in a UK auction, signaling a revival of the sector.
- These projects are expected to attract £22 billion (nearly $30 billion) in private investment, surpassing the $25 billion value of U.S. projects currently facing opposition.
- After a failed 2023 auction
