Offshore wind cheaper than nuclear as auction smashes expectations

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Thanet offshore wind farm | Credit: Vattenfall
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Thanet offshore wind farm | Credit: Vattenfall

Strike price hits £57.50 per MWh for some offshore wind projects - a staggering drop that makes offshore wind competitive with new gas power plants

The cost of offshore wind has fallen by more than half in two years, with latest results from government Contracts for Difference (CfD) auction today setting a new record low strike price of £57.50 per...

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