Tuesday, 12 September 2017

Huge boost for renewables as offshore windfarm costs fall to record low

Huge boost for renewables as offshore windfarm costs fall to record low

The government is under pressure to reconsider its commitment to a new generation of nuclear power stations after the cost of state support for offshore windfarms reached a record low yesterday. Experts said green energy had reached a tipping point in the UK after two windfarms secured a guaranteed price for their power of £57.50 per megawatt hour from the government. The subsidised price is far below the £92.50 awarded last year to Britain’s first new nuclear power site in a generation, Hinkley Point C.

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