Government ministers have been urged to incorporate more offshore wind farms into the country’s industrial strategy Christopher Furlong/Getty ImagesThe world’s biggest offshore wind farm will be built in British waters at a fraction of the price of the Hinkley Point nuclear plant in a breakthrough for the renewable energy technology. Ministers were urged to put more offshore wind farms at the heart of Britain’s industrial strategy after new subsidy contracts yesterday showed their cost has fallen 50 per cent in two years. Developers of the record-breaking Hornsea Two wind farm off the Yorkshire coast and a second large project off Scotland were awarded contracts guaranteeing them a subsidised price of £57.50 for each megawatt-hour (MWh) of electricity they generate for 15 years. The price compares with the £92.50/MWh price guaranteed to Hinkley Point in Somerset for 35 years and prices of up to…

Source: The Times September 11, 2017 23:48 UTC