Revenue Declined Or Withdrawn

Norfolk Boreas was not among the offshore wind projects awarded a Contract for Difference (CfD) in UK Allocation Round 7 (AR7), the results of which were published by the Department for Energy Security and Net Zero on 14 January 2026. AR7 was a record-breaking offshore wind round delivering over 9 GW of offshore capacity at a clearing strike price of £91.20/MWh (2012 prices) for fixed-bottom offshore wind, but Norfolk Boreas was not included among the successful sequenced projects. RWE — Boreas' owner since the March 2024 acquisition of the Norfolk Offshore Wind Zone from Vattenfall — instead secured AR7 CfDs covering 6.9 GW across Norfolk Vanguard West, Norfolk Vanguard East, Dogger Bank South West, Dogger Bank South East and Awel y Môr, with FID for those projects targeted in summer 2026. RWE's January 2026 CfD announcement makes no mention of Norfolk Boreas. The AR7 outcome confirms that, after the AR4 default in July 2023 and Vattenfall's exit, Boreas remains without revenue support and any future build-out is contingent on securing a CfD in a subsequent allocation round (AR8 or later) or on a private route to market. Boreas is being sequenced behind the Vanguard pair within the wider Norfolk cluster delivery plan.