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Wind Power: Seas and Oceans

Department for Business, Energy and Industrial Strategy written question – answered on 29th May 2018.

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Photo of Caroline Lucas Caroline Lucas Co-Leader of the Green Party

To ask the Secretary of State for Business, Energy and Industrial Strategy, pursuant to the Answer of 1 May 2018 to Question 136701, what the criteria will be by which his Department will assess the cost-effectiveness of the potential additional deployment of offshore wind.

Photo of Claire Perry Claire Perry The Minister of State, Department for Business, Energy and Industrial Strategy, Minister of State (Business, Energy and Industrial Strategy) (Energy and Clean Growth)

Our sustained support for offshore wind has led to dramatic falls in costs. The cost effectiveness of offshore wind is demonstrated through its performance in competitive auctions. In the most recent 2017 Contracts for Difference auction two offshore wind projects cleared at £57.50/MWh, about half the cost of the cheapest offshore wind project in the 2015 auction.

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