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What a lack of ambition, isn't it more likely to happen by 2025, especially if storage costs fall there is likely to be no need for price garantees.
Originally posted by michaels
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The roll out will be constrained by the CfD auctions as the developers need guarantees on the value of generation and also the guaranteed market.
Plus, remember that the 'cheap' prices are in today's auctions, but not for delivery today. The £75/MWh contracts are for 2022 delivery, and the £57/MWh contracts for 2023. So expect the next auctions to be for delivery some time around 2025+.
The large time difference reflects the long build out times for off-shore wind as the work is enormous, but also justifies the lower leccy prices as these build in the cost reductions that the industry expects as the technology improves and the larger WT's to be installed reflecting the higher capacity factors that these monsters can achieve.
Other auctions in Europe for shallower water schemes nearer the shore have already reached net subsidy free prices. The contracts are still needed though as a fall back to guarantee a price so that the developers can raise the capital to build the schemes.
Mart. Cardiff. 5.58 kWp PV systems (3.58 ESE & 2.0 WNW)
For general PV advice please see the
PV FAQ thread on the Green & Ethical Board.