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The era of ‘negative-subsidy’ offshore wind power has almost arrived, a new study finds. Especially offshore wind farms in the UK will be subsidy-free in the near future.

Image: PixabayImage: Pixabay

Renewable energy has become a worldwide trend in energy generation, especially since costs continue to fall. In recent auctions, more and more wind projects became subsidy-free.

The article "The Era of ‘Negative-Subsidy’ Offshore Wind Power has Almost Arrived" by Iegor Riepin, Malte Jansen, Iain Staffel, and Felix Müsgens, published on the Carbon Brief website, discusses the findings of a recent study, in which the authors participated: The offshore wind farms auctioned last September in the UK will most likely be the world’s first “negative subsidy” projects – wind farms that will pay money back to the government over their lifetime.

Carbon Brief
Windfair Editors
News of the Day, negative susidy, subsidy-free, offshore, wind farm, auction, government, costs, article

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