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11 Sep
21:27

UK’s offshore wind cost at record-low

The UK’s second competitive auction for renewable technologies, known as Contract for Difference (CfD), awarded on Monday a record amount of renewable capacity, halving the cost of offshore wind projects since 2015. But Energy Intensive Users Group (EIUG) director Jeremy Nicholson says the government's announcement may mislead consumers. Some 11 new energy projects will demand £176 million per year in subsidies. Together they will generate over 3…
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