Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Huge boost for UK renewables as offshore windfarm costs fall to record low
Campaigners and party leaders have called on ministers to rethink their support for a fleet of new nuclear power stations after offshore windfarms secured a record low subsidy price.
Developers of new windfarms around Britain’s coast in the early 2020s will receive an “exceptionally low” £57.50 per megawatt hour of power under the results of an auction of government subsidies, announced on Monday.
The “breathtaking” figure is around half what they were awarded just two years ago, and far below the £92.50 committed last year for the Hinkley Point C power station.
...
The price of building offshore windfarms has fallen by nearly a third since 2012 as the technology matured, and developers believe that a new generation of even bigger turbines mean they can achieve further cost reductions in coming years. The sector is perceived by investors to be much less risky than it was five years ago, bringing down the cost of capital.
https://www.theguardian.com/environment/2017/sep/11/huge-boost-renewable-power-offshore-windfarm-costs-fall-record-low
Developers of new windfarms around Britain’s coast in the early 2020s will receive an “exceptionally low” £57.50 per megawatt hour of power under the results of an auction of government subsidies, announced on Monday.
The “breathtaking” figure is around half what they were awarded just two years ago, and far below the £92.50 committed last year for the Hinkley Point C power station.
...
The price of building offshore windfarms has fallen by nearly a third since 2012 as the technology matured, and developers believe that a new generation of even bigger turbines mean they can achieve further cost reductions in coming years. The sector is perceived by investors to be much less risky than it was five years ago, bringing down the cost of capital.
https://www.theguardian.com/environment/2017/sep/11/huge-boost-renewable-power-offshore-windfarm-costs-fall-record-low
