Photo credit: davidwilson1949 | CC BY 2.0.
It’s a lot to pay for something that despoils good farmland and does not produce electricity most of the time. Per the UK Department for Energy Security and Net Zero:
Boost for offshore wind as government raises maximum prices in renewable energy auction.
Maximum price that other renewables projects can receive in the next Contracts for Difference (CfD) auction has also been raised.
Maximum prices available for offshore wind increased by 66% for Contracts for Difference round next year
Projects could also get more money from 2025 auction if they reduce carbon emissions in their supply chains and demonstrate positive social impact on communities.
Changes will attract continued investment in the UK and further cement position as global leader in clean energy
As well as the massive price rises for offshore wind, prices have also been increased for solar power:
£61/MWh works out at about £85/MWh, which gives the lie to repeated claims of just how cheap solar power is.
If you'd like to help support this censorship-proof public service, consider donating:
Bitcoin address: bc1qq7tnet6ys0dkvl336v8d0prqnmvk9zzj2dxpqe
Join Jim Watkins, Dee Stevens and Orlando on The Ship Show!
More great sources