UK secures record supply of offshore wind but price rises

UK secures record supply of offshore wind but price rises

The UK has awarded contracts to build a record supply of offshore wind projects as part of its efforts to grow the country’s clean electricity sources. But the price paid for offshore wind has increased slightly since last year, with the sector hit by rising costs, although the impact of these projects on household bills…

The UK has awarded contracts to build a record supply of offshore wind projects as part of its efforts to grow the country’s clean electricity sources.

But the price paid for offshore wind has increased slightly since last year, with the sector hit by rising costs, although the impact of these projects on household bills is not clear-cut.

Despite the record haul of wind projects, some analysts warn that the government will still struggle to meet its 2030 “clean power” target.

The government argues that wind projects are cheaper than new gas power stations and will “bring down bills for good”, but the Conservatives have previously accused government climate targets of raising the cost of energy.

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