Offshore Wind in the U.K. Is 9 Times Cheaper Than Fossil Fuels

The latest and largest round of the U.K.’s renewables auction, Contracts for Difference, led to record energy commitments at record low prices. Eleven gigawatts of new renewable energy capacity were gained at the auction and they will create electricity that is nine times cheaper than current gas prices, reported Carbon Brief. The UK has committed [...] The post Offshore Wind in the U.K. Is 9 Times Cheaper Than Fossil Fuels appeared first on ETF Trends .