Offshore Power Generation is Cheaper than Nuclear

For the first time, the cost of generating energy from offshore winds in the UK is cheaper than nuclear. As quoted from the page, Independent, official data published on Monday revealed, offshore wind projects can generate power 74.75 per hour megawatt, while the nuclear only 57.50.

"We know today's results will be impressive, but this is very surprising," said Hugh McNeal, chief executive officer of RenewableUK, the UK renewable energy trade association.

"The record-breaking cost reduction as achieved by offshore winds is unprecedented for large energy infrastructure," he said.

Larger turbines and higher voltage cables in recent years have caused prices for wind power to fall. The new price averaged 47 percent lower than two and a half years ago when the last competitive auction result was announced.

Michael Grubb, professor of international energy and climate change policy at University College London, said the auction results confirm a new era in British energy.

"Wind energy will make the mantle the most important and valuable energy source in the UK when our oil and gas runs out, turning the energy world upside down," he said.