Wind power cheaper than nuclear energy for the first time ever
13th September 2017
Energy from offshore wind turbines is cheaper than electricity from new nuclear power for the first time ever.
The costs of subsidies for new offshore wind farms have reached a record low, halving in less than three years.
Two wind farm firms have secured a state-backed price for their output which is significantly lower than Britain’s newest nuclear power site, Hinkley Point C.
The firms said they were willing to build offshore wind farms for a guaranteed price of £57.50 per megawatt hour for 2022-23. This is a third cheaper than the £92.50 per megawatt hour offered by Hinkley Point.
The figures for offshore wind, from the Department for Business, Energy and Industrial Strategy, were revealed as the result of an auction for subsidies, in which the lowest bidder wins.
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