U.K. Offshore Wind Seen as Cheapest Future Large-Scale Energy
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U.K. offshore wind power is on target to become the cheapest source of large-scale clean energy, surpassing the government-mandated price target four years early.
The levelized cost of energy for offshore wind -- a benchmark measuring affordability over the lifetime of generation assets -- dropped below 100 pounds ($125) a megawatt-hour in 2016, according to a report published Tuesday by the the U.K.’s Offshore Wind Programme Board, a group that includes industry and government representatives. The goal had been to pass the 100-pound threshold by 2020.