UK offshore wind prices tumble in record-breaking auction results

By Michelle Froese RenewableUK, the UK’s renewable energy trade association, highlighted the dramatic fall in the cost of offshore wind. These results were announced in the country’s most recent competitive auctions for new contracts to provide clean electricity.
The auction winners are DONG Energy’s Hornsea 2 off the coast of Yorkshire, Innogy and Statkraft’s Triton Knoll off the coast of Lincolnshire, and EDPR and ENGIE’s Moray off the northeast coast of Scotland.
The cost of offshore wind has plummeted since the last competitive auction results were announced in February 2015, with the new prices on average 47% lower than they were just over two and

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