A new wind-ustry report has provided strong evidence that the cost of energy from offshore wind continued to fall last year and remains on track to deliver the target of £100/MWh by 2020. This would put wind power on a level similar to with the proposed price presently offered by the UK government to the operators of the new Hinkley Point-C nuclear power station (if it actually gets built). The report also identifies forthcoming announcements by DECC on timing and scale of future Contracts for Difference (CfD) auctions and long term capacity requirements as key enablers of further cost reduction.
Scottish Energy News 15th March 2016 read more »