UK to offer higher subsidies for offshore windfarms after crisis talks

Concerns rose when no wind projects were put forward for government's recent clean energy auctionThe government will offer significantly higher subsidies for new offshore windfarms after crisis talks with developers that are battling cost inflation across global energy supply chains.Ministers have agreed to raise the starting price of the government's next auction for offshore wind subsidies by around two-thirds to ?73 per megawatt hour to help more offshore windfarm projects to move ahead despite higher costs. Continue reading...