Meeting of the Parliament 20 December 2017
In the cause of brevity, I will focus on two points. We are strongly supportive of offshore wind development. It is highly cost competitive in comparison with nuclear energy. We know that the strike price that has been agreed by the UK Government is around £92.50 per megawatt hour for Hinkley C, whereas it is in the region of £57.50 per megawatt hour for the latest Moray offshore project. The Forth and Tay projects are seeking to bid for contracts for difference. A contract for difference has been secured in the case of Neart na Gaoithe, but another three sites are yet to secure CFDs. We expect those projects to be competitive, and that is driving down the cost of electricity for consumers, whereas nuclear has the potential to push it up.
We strongly support offshore wind developments. We are working closely with stakeholders such as the Royal Society for the Protection of Birds, renewable energy developers and the conservation agencies to ensure that we take a balanced approach to developing that technology. It is vital for our low-carbon future and for protecting and enhancing our wildlife. We are keen to engage positively with all parties and I am confident that we can do so.