Revenue Declined Or Withdrawn

White Cross was unsuccessful in the UK Contracts for Difference Allocation Round 7 (AR7), the results of which were announced by the Department for Energy Security and Net Zero on 14 January 2026. Following the project's full onshore and offshore consent in summer 2025, White Cross was one of five Pot 4 floating offshore wind projects (totalling 458.4 MW) eligible to compete in AR7, alongside Erebus, Pentland, Salamander and Llŷr 1. AR7 awarded only 192.5 MW of floating wind capacity at a clearing price of £216.49/MWh — Erebus (TotalEnergies / Simply Blue Group, 100 MW) and Pentland (CIP / Hexicon / Eurus, 92.5 MW) — meaning the remaining ~265 MW of eligible Pot 4 capacity, including White Cross, did not secure a Contract for Difference. The November 2025 reNews Global Offshore Wind Report had reported that White Cross's developers Flotation Energy and Cobra were targeting AR7 to underpin a final investment decision within the next 12-18 months, ahead of full commercial operations in 2029. The unsuccessful AR7 outcome therefore removes the project's primary revenue route to FID and directs the project towards Allocation Round 8 (launching July 2026, results expected Q1 2027) or an alternative corporate PPA path. AR8 reforms specifically aimed at floating wind — extension of the Longstop Period to 24 months and reduction of Required Installed Capacity to 85% — improve the project's prospects in the next round, but the AR7 outcome is a HIGH-impact NEGATIVE milestone for the demonstration project's nearer-term schedule.