Re:Photos Capture the Breathtaking Scale of China's Wind and...
by youngtaff on Friday January 16, 2026 @05:47AM
(#46645119)
The interconnection problem is being solved by several large cables down the east coast
Leasing the seabed before you win a CfD auction is a commercial risk but they probably didn't win because their bid price was too high
Re:Photos Capture the Breathtaking Scale of China's Wind and...
by gehsty on Friday January 16, 2026 @10:01AM
(#46647025)
Their price was too high because it had to include paying back £1B of lease fees that were made as part of another government policy. Comes back to priorities being confusing, if the intention is lower bills why the lease fees, if the purpose is good jobs and independence, why compete on price? If their purpose is national wealth why not partial state funding / ownership?
You also have situations, like today, where a German developer has handed back a seabed lease for 3GW of offshore power because they didn’t get a contract for power from government (CFD) and their lease fees are approx £400m/yr if they want to continue developing the windfarm. This is after spending £1B already on lease fees with nothing to show for it.