In this episode of PowerPod, host Dan Wiseman is joined by Jordan May to discuss the UK’s Allocation Round 8 for offshore wind, covering the current process, expected outcomes, pricing dynamics, and broader market challenges.
In this episode of PowerPod, host Dan Wiseman is joined by Jordan May to discuss the UK’s Allocation Round 8 for offshore wind, covering the current process, expected outcomes, pricing dynamics, and broader market challenges.
They break down the status of the round as the qualification window opens, noting strong continuity with the previous auction in parameters and strike price, while highlighting the key change allowing Other Deepwater Offshore projects to compete in the same pot as floating wind. The conversation examines likely technology outcomes, the potential role of minima for floating, expected strike prices remaining similar to last year due to persistent steel, financing and installation costs, and the continued upward pressure from geopolitical factors. Jordan and Dan also explore delivery risks around 2030 targets, non-delivery mechanisms, the rejection of Chinese manufacturing plans on security grounds, European supply-chain constraints, and the near-term focus on the forthcoming budget notice alongside future leasing round developments.