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Floating Offshore Wind and Contracts for Difference

23 May 2024

Lead MP

Selaine Saxby

Responding Minister

Justin Tomlinson

Tags

ClimateEnergy
Word Count: 7377
Other Contributors: 3

At a Glance

Selaine Saxby raised concerns about floating offshore wind and contracts for difference in Westminster Hall. A government minister responded.

Key Requests to Government:

Saxby asks for an increased budget for AR6 to accommodate multiple viable projects that missed out on AR5 and ensure the development of stepping-stone projects. She also requests dedicated Celtic sea funding, an integrated port and infrastructure strategy, streamlined planning processes, and support for skills development in economically deprived areas.

How the Debate Unfolded

MPs spoke in turn to share their views and ask questions. Here's what each person said:

Lead Contributor

Opened the debate
Selaine Saxby is concerned about the low investor confidence following AR5's failure to secure any contracts. She highlights that the UK has a large pipeline of floating offshore wind projects, including Kincardine and Hywind in Scotland, which are set to contribute significantly to energy generation by 2030 and 2050. However, she notes that port investment from FLOWMIS is crucial for scaling up these projects, and the lack of funding for critical ports like Falmouth is a major concern. Additionally, there are environmental concerns with cable routes, as seen in North Devon's White Cross wind farm project.

Government Response

Justin Tomlinson
Government Response
Acknowledged the achievements in fixed-bottom offshore wind deployment with over 14 GW installed, and commitment to up to 50 GW by 2030 including 5 GW from floating offshore wind. Raised administrative strike price for floating offshore wind by 52% due to cost pressures. Announced £105 million budget for allocation round 6 pot 2 dedicated to emerging technologies such as floating offshore wind. Stressed the need for balance in supporting new technologies and maintaining financial prudence to avoid burdening consumers with higher energy bills.
Assessment & feedback
Summary accuracy

About Westminster Hall Debates

Westminster Hall debates are a chance for MPs to raise important issues affecting their constituents and get a response from a government minister. Unlike Prime Minister's Questions, these debates are more in-depth and collaborative. The MP who secured the debate speaks first, other MPs can contribute, and a minister responds with the government's position.