12 Sep '17, 11am

Offshore wind slashes UK cost reduction goals ... now cheaper than new gas

Offshore wind slashes UK cost reduction goals ... now cheaper than new gas

Costs are about half of what they were just two years ago. When a Dutch offshore wind project shattered cost reduction goals last year , we warned that it could be an outlier, but that outlier now has company. Business Green reports that the latest round of offshore wind contract auctions in the UK has hitting record prices as low as £57.50 per MWh—with a mean average strike price of £66.13. (The current conversion rate of the British pound is around US $1.30.) To put this into perspective, average strike price back in 2015 (yes, that's two years ago) was £117 per MWh, and the industry itself had set a target of getting below £100 by 2020. This is very big news. Here's how Emma Pinchbeck, executive director of RenewableUK , described the significance: Offshore Wind just delivered the closest thing to an energy sector mic drop: offshore, onshore wind and solar are cheaper t...

Full article: https://www.treehugger.com/renewable-energy/offshore-wind...

Tweets

UK Offshore Wind Now Cheaper Than Gas & Nuclear

cleantechnica.com 12 Sep '17, 2pm

Unsurprisingly, most of the talk is now focused on Hinkley Point — nuclear energy being always considered the most controv...

Offshore wind power is cheaper than new nuclear power in the UK

Offshore wind power is cheaper than new nuclear...

inhabitat.com 12 Sep '17, 11am

Offshore wind power has pulled ahead of nuclear power in the United Kingdom . Energy from offshore wind farms will be less...

More info on this huge breakthrough here:

More info on this huge breakthrough here:

greenpeace.org.uk 11 Sep '17, 6am

This is huge. The price of offshore wind power has just dropped to a record breaking low , coming in cheaper than nuclear ...

Solar and Wind Cheaper Than Biomass to Reliably...

nrdc.org 13 Sep '17, 10am

A new study concludes that there is no economic or strategic case for coal-to-biomass conversion in the United Kingdom. Wh...

Offshore Wind Costs Fall Below New Nuclear Plants in UK

Offshore Wind Costs Fall Below New Nuclear Plan...

renewableenergyworld.com 11 Sep '17, 4pm

The cost of generating electricity from offshore wind farms fell sharply in the U.K. to below the price the next nuclear r...

via @businessgreen

via @businessgreen

businessgreen.com 11 Sep '17, 6am

Today's results mean offshore wind, onshore wind and solar are now cheaper than new gas and new nuclear projects in the UK...

offshore wind

offshore wind

greentechmedia.com 12 Sep '17, 7pm

U.K. nuclear and gas generators have been put on alert after offshore wind showed it could beat them on price this week. “...

#wind https://t.co/5oMigdcrWe

windpowermonthly.com 11 Sep '17, 8am

UK offshore falls to £57.50 in latest CfD round 11 September 2017 by David Weston , Be the first to comment UK: Dong Energ...

Analysis: UK offshore wind settles cost questio...

rechargenews.com 11 Sep '17, 11am

UK offshore wind settles cost question on 'breakthrough Monday' ANALYSIS | The big power price falls seen in the latest UK...

The world's biggest offshore wind farm is being built in the UK

The world's biggest offshore wind farm is being...

inhabitat.com 12 Sep '17, 7pm

“We’re delighted to be awarded a Contract for Difference for Hornsea Project Two, which is another important step towards ...

Offshore wind success obliterates arguments aga...

businessgreen.com 11 Sep '17, 2pm

Finally, those opponents of renewables who present the fact that the wind does not always blow as the kind of mind-blowing...

Why offshore wind will be the next big platform...

rechargenews.com 12 Sep '17, 9am

Why offshore wind will be the next big platform for Big Oil IN DEPTH | With fossil giants under ever-greater financial and...

REACTION: UK offshore CfD 'breakthrough moment'...

windpowermonthly.com 11 Sep '17, 11am

REACTION: UK offshore CfD 'breakthrough moment' for industry 11 September 2017 by Craig Richard , Be the first to comment ...