On Orsted’s decision to discontinue Hornsea 4 in its current form, Energy UK CEO Dhara Vyas said:
“The news that Orsted will not go ahead with Hornsea 4 in its current form reflects the significant challenges the offshore wind sector is facing. Our thoughts are with the teams that have worked hard to develop this project over many years.
“In 2024, wind overtook gas as GB’s largest source of power. Along with the broad range of technologies we have, wind has already and will continue to play a significant role in reducing our reliance on foreign fossil fuels, and building a resilient energy system powered predominately by British sources. Not only will this boost energy security, it will grow our economy and bring down bills in the long-term.
“The loss of such a big project will raise the stakes yet further for the forthcoming Contracts for Difference auction round, AR7. Whilst Orsted has been clear this is not a result of Government policy, with offshore wind playing such a critical role in our future energy ambitions it’s vital that the Government doubles down to ensure AR7 is a success.”