Offshore windfarm contracts to fuel 12m homes in Great Britain after record auction

Subsidies awarded to eight new projects after ministers increased funding available to developersWill Great Britain’s offshore wind subsidy auction mean lower energy bills?Ed Miliband: With this record wind power auction, we’ve proved the rightwing doubters wrongA make-or-break auction for the UK government’s goal to create a clean electricity system by 2030 has awarded subsidy contracts to enough offshore windfarms to power 12m homes.In Great Britain’s most competitive auction for renewable subsidies to date, energy companies vied for contracts that guarantee the price for each unit of clean electricity they generate. Continue reading...