Auctions for new capacity held in 2017 resulted in deals at half the price of those signed just two years prior, while we are seeing a steady drumbeat of new records relating to clean power production.
Just last month, the world’s largest offshore wind farm began generating power. Anchored to the seabed 75 miles off the east Yorkshire coast, Hornsea One will generate enough electricity to power more than a million homes every year.
The UK is poised to remain at the front of the clean power pack. British territory boasts some of the best wind conditions in Europe.
And 2019 is likely to be the year the industry moves to another level. Earlier this month ministers announced a sector deal for the UK’s offshore wind industry, ranking it alongside aerospace and life sciences as core components of the British economy.
Read more at City A.M.