Offshore Wind Costs Fall Below New Nuclear Plants in U.K.
- All bids to supply power from wind farms below Hinkley Point
- Renewable technology is now among cheapest ways to supply grid
The Coming Storm of Climate Change
This article is for subscribers only.
The cost of generating electricity from offshore wind farms fell sharply in the U.K. to below the price the next nuclear reactors will charge, making the form of clean energy one of the cheapest ways to supply the grid.
In a government auction that handed out power-purchase contracts worth 176 million pounds ($232 million) a year, all of the bids to build offshore wind farms and other renewable technologies were below the 92.50 pounds per megawatt-hour price awarded to the controversial Hinkley Point atomic plant due to be complete in the next decade.