'Biggest clean energy disaster in years': UK auction secures no offshore windfarms

Lack of interest was widely expected after government failed to heed warnings about soaring costsBusiness live - latest updatesNo new offshore windfarms will go ahead in the UK after the latest government auction, in what critics have called the biggest clean energy policy failure in almost a decade.Britain's offshore wind industry suffered a blow after ministers failed to heed warnings from some of the world's biggest renewable energy developers that the annual auction was set too low to reflect their soaring costs. No energy companies submitted bids for offshore wind projects, the government confirmed on Friday morning. Continue reading...