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UK renewables auction sees shift from offshore wind amid inflation, supply chain issues

  • Latest UK renewables auction did not award any contracts for offshore wind projects.
  • Offshore wind was main recipient in 2022 auction but faced challenges from inflation and supply chain problems.
  • UK aims for 50 GW offshore wind by 2030 but lack of new capacity could cost consumers.
  • Solar power got most new capacity in latest auction followed by onshore wind.
  • Shift away from offshore wind signals challenges in delivering renewable growth targets.
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