By Paul Homewood
h/t Philip Bratby
Quite why the failure of offshore wind to offer competitive prices last year is “catastrophic” is a mystery!
Ed Miliband is to add up to £1.5bn to energy bills as part of a record investment in Britain’s offshore wind industry.
The Energy Secretary is to boost the UK’s budget for renewable energy by £500m as he seeks to build an extra 3,000 to 4,000 giant turbines in Britain’s coastal waters by 2030.
The funding will include £1.1bn for offshore wind schemes in a bid to attract the industry again, after a disastrous auction for renewable energy contracts in September last year failed to garner any bids for offshore wind.
Significant sums will also be set aside for onshore wind, solar and tidal projects.
Developers snubbed last year’s auction after complaining that prices offered were too low and some cancelled projects that became too expensive after huge cost rises.