UK Offshore Wind Prices Reach New Record Low In Latest CfD Auction
The latest UK renewable energy auction has awarded 12 projects, including 5.5 gigawatts (GW) of offshore wind projects, at record low prices as low as £39.65 ($50.05).
The latest UK renewable energy auction has awarded 12 projects, including 5.5 gigawatts (GW) of offshore wind projects, at record low prices as low as £39.65 ($50.05).
The UK’s Energy and Clean Growth Minister Claire Perry announced in the House of Commons on Tuesday that the UK government will set aside £60 million ($77 million) for the next clean energy contract auction due for spring of 2019 and that the government and the offshore wind industry are close to reaching a specific Sector Deal.
A new analysis from Aurora Energy Research which highlights “the new economics of offshore wind” has shown that offshore wind in the United Kingdom could reach up to 30 gigawatts by the 2030s.
The UK Government on Wednesday announced plans to commit funding to support less developed renewable energy technologies such as offshore wind and marine energy in tandem with proposals to phase out coal-fired electricity generation.