Plummeting offshore wind prices are good news, but green energy battle is not over experts warn

Madeleine Cuff
clock • 8 min read

Record-breaking cost reductions mark a major achievement for the sector, but deployment pipeline is still not on track to hit UK climate targets and roadblocks remain for other technologies

The green energy sector woke with a start this morning, greeted by news that offshore wind prices have fallen by more than half in under two years to hit a record low of £57.50 per MWh. The staggering...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Energy

Jane Gaston: 'We need to stop using the term 'green''

Jane Gaston: 'We need to stop using the term 'green''

Net Zero North West's CEO explains why climate action is more cost-effective than doing nothing, and argues the most exciting clean tech innovations are those 'we don't even know exist'

Stuart Stone
clock 19 August 2025 • 5 min read
Government urged to stand firm on £3.3bn budget for community clean energy

Government urged to stand firm on £3.3bn budget for community clean energy

Energy Saving Trust calls on government to accelerate community energy development through promised Local Clean Power Plan

Michael Holder
clock 14 August 2025 • 3 min read
Government urged to recognise 'full net zero value' of biomethane through Emissions Trading Scheme

Government urged to recognise 'full net zero value' of biomethane through Emissions Trading Scheme

Joint letter backed by more than 100 signatories calls on Ed Miliband to approve recognition of biomethane as a net zero fuel within the UK ETS

Stuart Stone
clock 12 August 2025 • 5 min read