Prices new wind and solar farms can charge are hiked after failed summer auction
1 year, 1 month ago

Prices new wind and solar farms can charge are hiked after failed summer auction

The Independent  

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Offshore wind projects that want to win a Government contract next year will be allowed to bid up to £73 per megawatt hour to supply power, compared with this year’s maximum of £44. And this summer no companies bid to build an offshore wind farm in the latest auction round of the so-called Contracts for Difference, the scheme which guarantees a fixed price per MWh for renewables developers. The new cap is also still less than the £75 per MWh charged by Triton Knoll, which was until just a few weeks ago providing the cheapest offshore wind power in Britain. Triton Knoll was knocked off the “cheapest operating offshore wind farm” pedestal when the first turbine at SSE’s Dogger Bank started producing electricity just a few weeks ago.

Energy Electricity Charge Prices Price Auction Britain Farm Offshore Offshore Wind Wind Projects Mwh Summer Wind  mwh  summer  wind  projects  farm  charge  offshore  auction  prices  failed  electricity  price  energy  farms  hiked  solar

History of this topic

Renewable power set to overtake fossil fuels in the UK this year for the first time
1 month ago

Renewable power set to overtake fossil fuels in the UK this year for the first time

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Renewable electricity production will surpass …

Offshore wind roars back – but Ed Miliband has work to do to hit green power targets
4 months, 1 week ago

Offshore wind roars back – but Ed Miliband has work to do to hit green power targets

The Independent  

Ed Miliband performed a wind dance, and lo and behold – it’s blowing again offshore, with nine “new” contracts awarded in the most recent clean energy auction. The announcement says part of the current round included “securing both what will be Europe’s largest and second largest wind farm projects, Hornsea 3 and Hornsea 4 off the Yorkshire coast”. “These successful …

Ed Miliband adds £150 to household bills with wind turbine building spree
4 months, 1 week ago

Ed Miliband adds £150 to household bills with wind turbine building spree

The Telegraph  

Bill payers are to spend as much as £150 per household on new wind turbines as Ed Miliband oversees a record-breaking expansion of green energy. The money – a total of £3bn, which will ultimately come from consumers – is to fund the construction or expansion of nine offshore wind sites between 2027 and 2031, most of them owned by …

Renewed hope for renewable energy at end of rollercoaster year
1 year ago

Renewed hope for renewable energy at end of rollercoaster year

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Like other businesses and people, the builders of offshore …

UAE invests in UK’s struggling wind farm market
1 year, 1 month ago

UAE invests in UK’s struggling wind farm market

The Telegraph  

The United Arab Emirates has snapped up a 49pc stake in one of the UK’s largest wind farms despite soaring costs throwing the industry’s future into doubt. Masdar, a company controlled by the Gulf state and chaired by the president of the Cop28 climate talks, has bought a minority stake in the East Anglia Three offshore wind farm from Spanish …

Offshore wind power much more expensive than thought, amounts to €3.6 billion per year
1 year, 2 months ago

Offshore wind power much more expensive than thought, amounts to €3.6 billion per year

NL Times  

The cost of building and operating wind farms is much higher than expected, outgoing Climate and Energy Minister Rob Jetten told the Tweede Kamer. Originally expected to cost 2 billion euros per year, these costs have now risen to 3.6 billion euros per year. Interest costs are expected to "remain structurally higher," Jetten said. However, as the costs mentioned are …

1st US floating offshore wind auction nets $757M in bids
2 years, 1 month ago

1st US floating offshore wind auction nets $757M in bids

Associated Press  

PORTLAND, Ore. — The first-ever U.S. auction of leases to develop commercial-scale floating wind farms in the deep waters off the West Coast attracted $757 million in winning bids Wednesday from mostly European companies, in a project watched by other regions and countries just getting their own plans for floating offshore wind started. The winning bids came from Norway’s Equinor; …

How the energy price crisis turned wind farms into giant money spinners
2 years, 3 months ago

How the energy price crisis turned wind farms into giant money spinners

The Telegraph  

Spinning in the Lammermuir Hills in southern Scotland, the 60 turbines at the Crystal Rig II wind farm have been powering homes for more than a decade. More than 15 months of surging electricity prices, hovering north of £150 per megawatt-hour, four or five times long-term averages, have boosted wind farms. Newer wind farms are also on fixed price contracts …

‘Staggering’ boom in offshore wind as projected capacity doubles in one year
2 years, 6 months ago

‘Staggering’ boom in offshore wind as projected capacity doubles in one year

The Independent  

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The boom in offshore wind projects over the past 12 months has been "nothing short …

How the UK strangled its onshore wind energy industry at birth
2 years, 8 months ago

How the UK strangled its onshore wind energy industry at birth

The Independent  

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The destruction of the UK’s land-based wind energy industry by the Tory government exemplifies why …

We’re about to see a boom in wind power at sea and on land
2 years, 9 months ago

We’re about to see a boom in wind power at sea and on land

The Independent  

An army of gentle giants is assembling on horizons around Britain. Plummeting costs, demand for clean energy from consumers, and vast areas of seabed being made available by the Crown Estate are together fuelling an incredible roll out of clean, green energy provision which will see the UK become the world’s number one producer of electricity from wind, surpassing China …

Government pledges £265m more each year to support renewable energy
3 years, 4 months ago

Government pledges £265m more each year to support renewable energy

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The Government will invest £265 …

Boris Johnson's pledge of wind power for every home 'could cost taxpayer £27bn a year'
4 years, 3 months ago

Boris Johnson's pledge of wind power for every home 'could cost taxpayer £27bn a year'

The Telegraph  

He found that, despite a fall in the wholesale price and almost universal claims that the cost is falling and will continue to do so, both the capital and operating costs have "increased significantly" in the last two decades. For offshore wind farms, the average capital costs per MW of capacity have doubled since 2008, the analysis of accounts found, …

Wind power or hot air: can Boris build 260 turbines a year?
4 years, 3 months ago

Wind power or hot air: can Boris build 260 turbines a year?

The Telegraph  

The dramatic gains so far have been driven by 15-year guaranteed electricity price contracts, ultimately heaped on to energy bills, luring in industrial giants such as SSE and Equinor, and driving down the cost. Making the leap from the current 10GW of offshore wind power to 40GW by 2030 will cost about £50bn in capital investment and require wind turbines …

Climate crisis: Offshore wind power ‘so cheap it could return money to consumers’
4 years, 5 months ago

Climate crisis: Offshore wind power ‘so cheap it could return money to consumers’

The Independent  

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. According to research by a team at Imperial College London, households could benefit when the latest round of offshore …

Offshore wind energy price plunges 30 per cent to a new record low
5 years, 3 months ago

Offshore wind energy price plunges 30 per cent to a new record low

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy A new wave of offshore …

Renewable energy to replace fossil fuels as UK's main power source for first time in history, government says
5 years, 10 months ago

Renewable energy to replace fossil fuels as UK's main power source for first time in history, government says

The Independent  

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy A new government deal with industry could see nearly a third of British electricity generated …

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