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<p>The Department does not hold data on capital expenditure for individual offshore
wind projects. The Department’s latest projection of capital expenditure for generic
offshore wind projects is published in Arup (2016): Review of Renewable Electricity
Generation Cost and Technical Assumptions, and can be found here: <a href="https://www.gov.uk/government/publications/arup-2016-review-of-renewable-electricity-generation-cost-and-technical-assumptions"
target="_blank">https://www.gov.uk/government/publications/arup-2016-review-of-renewable-electricity-generation-cost-and-technical-assumptions</a>.</p><p>The
Contracts for Difference (CfD) Second Allocation Round results, which were announced
on 11 September 2017, showed one offshore wind project commissioning in 2021/22 cleared
at a strike price of £74.75/MWh (2012 prices) and two offshore wind projects commissioning
in year 2022/23 cleared at a strike price of £57.50/MWh (2012 prices). Both these
prices represent a saving on the administrative strike price set using the data from
Arup (2016), indicating that offshore wind costs are falling.</p>
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