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Offshore wind cheaper than nuclear as auction smashes expectations

Thanet offshore wind farm | Credit: Vattenfall
Thanet offshore wind farm | Credit: Vattenfall
  • Madeleine Cuff and James Murray
  • 11 September 2017
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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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