Recommendation 9

The UK Government should reform future Contracts for Difference auctions for floating offshore wind to include enforceable local content requirements as a condition of the contract. These requirements should be designed to align with those in The Crown Estate’s upcoming leasing rounds. It should also re-examine the parameters for Allocation Round 5 and take action to ensure the strike price fully reflects increased costs to developers arising from global economic pressures. (Paragraph 43) Preparing ports for floating offshore wind