‘Strike prices can’t continue to go down’ – green energy chiefs calls for CfD reform

‘Strike prices can’t continue to go down’ – green energy chiefs calls for CfD reform

The heads of some of the world’s biggest offshore wind companies have called for reforms to the UK Government’s flagship support mechanism.

Charlie Jordan, chief executive of ScottishPower Renewables, says cost pressures on the industry mean companies providing solutions to safeguard the “future of humanity” aren’t “able to make money” off their feats.

His comments came during the plenary session of this year’s Southern North Sea conference, during which other speakers also voiced concerns about the current Contracts for Difference (CfD) setup.