Huge boost for renewables as offshore windfarm costs fall to record low

Green groups say record low price should sound death knell for Hinkley Point C after subsidy auction sets price for windpower below even lowest forecastOffshore windfarms are to be built for a record low price in the UK early next decade, after developers bid far more aggressively than expected for a multimillion-pound pot of government subsidies.Industry watchers had expected the guaranteed price for power from windfarms around Britain's coast to come in somewhere between ?70 and ?80 per megawatt hour, below the ?92.50 for the nuclear power station at Hinkley Point. Continue reading...