CfD-Day subsidy sign-off warmly welcomed by civic leaders

By Grimsby Telegraph | Posted: 11 Sep 2017

GREAT Grimsby MP Melanie Onn is looking forward to a strong future for the town for years to come, following the announcements of subsidy support, achieved at a dramatic low.

Offhsore wind has come in considerably lower than nuclear, and competitive with gas, with Dong Energy hitting £57.50 and Triton Knoll gaining a strike price of £74.75.

Ms Onn said: “This is great news for Grimsby. With offshore wind now so cheap to generate, we can expect Grimsby’s renewable energy sector to continue expanding for decades to come.

“The two new offshore wind farms announced, including the world’s largest being built off our coast, show that this new industry is no flash in the plan, but instead will provide jobs and training for more and more local people.

“Now the price for offshore wind has fallen, the Government should be stepping up its ambitions for the sector and build even more wind farms, encouraging the energy companies to invest in local skills and training at the same time.

“Clean, sustainable energy becoming cheaper than gas and other fossil fuels is also important to cutting our nation’s carbon emissions and tackling climate change, with the onus now on the Government to help develop energy capture and storage technology.”

MORE: Cost of offshore wind tumbles as Humber wins big again

Within North East Lincolnshire, where a strong partnership has been built with Dong Energy as the Royal Dock is transformed into an East Coast Hub, there were further celebrations.

It not only received the record low Contraft for Difference allocation for Hornsea Project Two, but with it bosses in Copehagen gave a positive financial investment decision too.

It is a huge element of the £6 billion investment that will create more than 500 jobs.

Councillor Peter Wheatley, portfolio holder for regeneration, assets, skills and housing, said: “This is fantastic news for Dong Energy and for the people of Grimsby and North East Lincolnshire as a whole. We are delighted that the world’s largest wind farm will be managed from Dong’s operations and maintenance base in Grimsby. 

“The subsidy is the latest piece in a puzzle that has been many years in the planning, and reaffirms North East Lincolnshire’s place at the heart of the Humber Energy Estuary for years to come.

“For people in our borough, this announcement means jobs, growth, security and investment. Dong has made a great commitment to our part of the world and we’re excited to see the Hornsea wind farm take shape just off of our coast.

“This announcement follows the news that for the first time in history the cost of generating energy from offshore wind farms has become cheaper than that of nuclear reactors. This reflects a growing confidence in wind energy and improving technology. 

“Wind power is forging a greater future for itself that previously anticipated, and North East Lincolnshire is at the forefront of that future.”

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