Question to the Department for Energy Security & Net Zero:

To ask the Secretary of State for Energy Security and Net Zero, if she will make an assessment of the factors behind Vattenfall’s decision to stop development of the Norfolk Boreas offshore wind farm.

Final investment decisions are based on commercially privileged information specific to each project developer. The Government has engaged extensively with renewables developers over the past year and is aware that they have faced unprecedented global economic challenges resulting in supply chain bottlenecks, increases in capital costs, and a rising cost of finance. The Department reviews the Contracts for Difference scheme (the main support mechanism for renewable projects) every year and updates its evidence base to include reliable new industry data.