The UK Government's AR7 auction has secured 8.4GW of offshore wind capacity, expected to power over 12 million homes with clean electricity, resulting in £3.4bn in private investment. The Clean Industry Bonus focuses on enhancing domestic supply chains and manufacturing facilities, creating up to 7,000 jobs across the UK, with significant employment opportunities in Scotland. RWE secured CfD for 6.9GW of offshore wind capacity, including projects like Norfolk Vanguard and Dogger Bank, with a strike price of £91.2 per megawatt-hour. RWE CEO Markus Krebber announced successful long-term offtake contracts for five projects in AR7 and a partnership with KKR to leverage their investment expertise for offshore wind projects.
https://www.power-technology.com/news/uk-8-4gw-offshore-wind-ar7/