Posted by: Windfair Editors
Record-breaking results in UK auction
Official Press Release RenewableUK:
Offshore wind prices tumble in record-breaking auction results – cheaper than nuclear and gas
RenewableUK is highlighting the dramatic fall in the cost of offshore wind in the results announced today of competitive auctions for new contracts to provide clean electricity.
The Department for Business, Energy and Industrial Strategy has announced that 3 offshore wind projects were successful, as they put in the lowest bids for Contracts for Difference (CfDs). The winning projects are DONG Energy’s Hornsea 2 off the coast of Yorkshire, Innogy and Statkraft’s Triton Knoll off the coast of Lincolnshire, and EDPR and ENGIE’s Moray off the northeast coast of Scotland. The new wind farms, with a total capacity of 3,196 megawatts, will power the equivalent of more than 3.3 million homes. The cost of offshore wind has plummeted... ... More: Official Press Release RenewableUK
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