UK CfD auction sees renewables set record-low strike price

Offshore wind is now cheaper than nuclear and gas in the U.K. following the second Contracts for Difference (CfD) subsidy auction that saw two developers win the rights to build offshore wind farms for just £57.50/MWh ($75.83/MWh).

This strike price – achieved by Denmark’s Dong Energy and Spain’s EDP – is 50% below the guaranteed development price for offshore wind set just two years ago, and is far cheaper than the £92.50/MWh agreed between the government and EDF for the nuclear power station at Hinkley Point.

via UK CfD auction sees renewables set record-low strike price – pv magazine International

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