Record low strike price for offshore wind in the UK
The cost of wind energy is getting cheaper. We've been awarded a contract to build Hornsea Project Two at 57.5 £/MWh, the lowest-ever price for offshore wind in the UK. This is a significant fall from the average price of 117.14 £/MWh from the last comparable subsidy round in 2015.
Thanks to the innovative and improved technology in offshore wind and the growth in the UK supply chain, the price of renewable energy has a competitive advantage in the renewable energy mix.
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