Offshore wind power is cheaper than new nuclear power in the UK
Offshore wind power has pulled ahead of nuclear power in the United Kingdom. Energy from offshore wind farms will be less expensive than power from a new nuclear project for the first time, based on subsidy figures via the Department of Business, Energy, and Industrial Strategy after an auction. Emma Pinchbeck of Renewable UK said the figures were “truly astonishing.”
Two firms said they’d construct offshore wind farms for a subsidy of £57.50, around $76, per megawatt-hour for 2022-23, according to the BBC, which noted these figures are around half the subsidy costs in a 2015 auction. Compare £57.50 with the subsidy secured by new nuclear plant Hinkley Point C, which is £92.50, or around $122, per megawatt-hour.
Yes wind does not blow 100% of the time so it needs to form an important part of the generation mix.
|Offshore wind power is cheaper than new nuclear power in the UK
Power from offshore wind farms will be cheaper than electricity from new nuclear power in the United Kingdom.