Energy prospects blow hot and cold – BBC

The price of offshore wind has plummeted.

Now, the government expects it to fall further – so much further that they think offshore windfarms can produce energy at lower prices than onshore windfarms. That may reflect the cost of trying to develop an onshore windfarm when the UK government has put so many obstacles in the way of placing them in the English countryside.

The industry is alarmed that prices are being driven down so hard. The response to these administrative strike prices from Scottish Renewables was a warning that driving down costs is increasingly hard to achieve while also delivering on local content.

And if there is so little headroom, added to rising interest rates on corporate debt, some of the hoped-for projects may not stack up financially. There is, says chief executive Claire Mack, a “very real risk of stalling developments”.  https://www.bbc.co.uk/news/uk-scotland-scotland-business-64116488?fbclid=IwAR2oDV6sM2kP_tYFDYiXsy3RmYAGYfOOgCLbZLVhLywILIYcgXCCUZMzTgY