The cost of electricity produced by offshore wind turbines has fallen by a third in just four years, according to a new report. The analysis, by Dong Energy and other firms, found that the average cost during 2015/16 was £97 per megawatt hour (mwh), according to the Financial Times. In 2012, the industry was asked by the UK Government to reduce prices to £100 per mwh within eight years, but the target has been reached in about half that time. The controversial plan to build the Hinkley Point C nuclear power plant involved a Government commitment to a guaranteed ‘strike price’ of £92.50 per mwh at 2012 prices over a period of 35 years. Inflation means this price is worth over £100 today.
Independent 24th Jan 2017 read more »
Scotsman 24th Jan 2017 read more »