Monday, 11 September 2017

Offshore wind power cheaper than new nuclear for the first time

Energy from offshore wind in the UK will be cheaper than electricity from new nuclear power for the first time.

The cost of subsidies for new offshore wind farms has halved since the last 2015 auction for clean energy projects

Two firms said they were willing to build offshore wind farms for a guaranteed price of £57.50 per megawatt hour for 2022-23.

This compares with the new Hinkley Point C nuclear plant securing subsidies of £92.50 per megawatt hour.

Nuclear firms said the UK still needed a mix of low-carbon energy, especially for when wind power was not available.

The figures for offshore wind, from the Department for Business, Energy and Industrial Strategy, were revealed as the result of an auction for subsidies, in which the lowest bidder wins.

In the auction in 2015, offshore wind farm projects won subsidies between £114 and £120 per megawatt hour.

BBC   News.