Huge boost for UK renewables as offshore windfarm costs fall to record low
Campaigners and party leaders have called on ministers to rethink their support for a fleet of new nuclear power stations after offshore windfarms secured a record low subsidy price.
Developers of new windfarms around Britains coast in the early 2020s will receive an exceptionally low £57.50 per megawatt hour of power under the results of an auction of government subsidies, announced on Monday.
The breathtaking figure is around half what they were awarded just two years ago, and far below the £92.50 committed last year for the Hinkley Point C power station.
...
The price of building offshore windfarms has fallen by nearly a third since 2012 as the technology matured, and developers believe that a new generation of even bigger turbines mean they can achieve further cost reductions in coming years. The sector is perceived by investors to be much less risky than it was five years ago, bringing down the cost of capital.
https://www.theguardian.com/environment/2017/sep/11/huge-boost-renewable-power-offshore-windfarm-costs-fall-record-low