Vattenfall halting Norfolk Boreas windfarm is a serious blow to clean energy rollout

Swedish energy company Vattenfall has announced that it is halting the planned development of a large offshore wind project off the coast of Norfolk.

The company says it is halting the planned 1.4GW at Norfolk Boreas due to a huge increase  in costs.

Sue Ferns, Senior Deputy General Secretary of Prospect,  said:

“This decision is a serious blow to the UK’s clean energy rollout.

“It must be a wakeup call to government that current mechanisms for supporting renewables projects are not fit for purpose in a world of high interest rates and supply chain pressures.

“As the US and EU become increasingly attractive destinations for green investment, the UK is suffering from a race to the bottom on costs that is now preventing renewables projects being built.

“The government must urgently get a grip on problems in the Contracts for Difference process to put our net zero and energy security goals back on track and give certainty to workers across the sector.”