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Tara Singh

Tara Singh

Jun 15, 2026

7:10
We're still establishing the offshore wind industry, so we have to support it, as the government has to support it.
7:16
I would slightly disagree with you there, Emily, if I may, because I think what's really interesting for bottom fixed offshore wind is that the CFD has not been a subsidy for several years because it is now cheaper to procure offshore wind than if you built brand-new gas generation and included the fuel cost.
7:32
So in January, Desnes produced their model, and they showed that at normal gas prices, offshore wind is cheaper.
7:38
And I think the CFD is really about your point, Tom, about that revenue stabilization.
7:43
So it basically means that you get a fixed price.
7:46
So for the consumer, it's like a fixed price mortgage.
7:49
It won't always be the cheapest deal.

8 MINS LATER

15:52
Is that on track? Is that gonna provide enough market certainty to supply chain and to, to the rest of the market, or is there anything else that we should be doing to try and encourage that kind of long-term confidence?

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