Offshore windfarms set to become cheaper source of electricity than nuclear power stations

[bananas]

Source: Independent

Offshore windfarms are set to become a cheaper source of electricity than the Hinkley Point nuclear power plant and are also on track to undercut coal-fired power stations.

The Government, which has been trying to support offshore in the hope of turning the UK into a world-leader in the sector, plans to hold an auction next month in which generators will bid for a guaranteed price for their electricity, with the lowest offer declared the winner.

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Keith Anderson, chief corporate officer of Scottish Power, one of the main players in the wind industry, told The Independent that he was confident the April auction would see an offshore wind generator bid below the ‘strike price’ given to Hinkley Point.

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And Dong Energy, the Danish wind power giant, went even further.

Henrik Poulsen, the firm’s chief executive officer, told Bloomberg that offshore wind could already compete with coal, depending on the conditions.

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Read more: http://www.independent.co.uk/environment/offshore-windfarms-cheaper-electricity-energy-source-nuclear-power-stations-coal-a7620791.html

[nolabels]

1. Solar and wind power are coming home to roost for the Koch brothers

The idea of cheaper power that is also clean must have those effers doing backflips!

They might have some grasp on the US but you can bet there are other industrial nations that are jumping into to it head first. Technology is and always has been the great equalizer

[Crash2Parties]

2. And none of that pesky radioactive waste that is like a 900lb gorilla sitting in the corner.

The cost estimates for nuclear power never include actually making the waste harmless b/c no one has ever figured out how. We just keep passing the buck to each new generation, storing more and more as we go along.

[briv1016]

3. This is just going to increase the chance of a devastating wind spill.

What if enriched wind fuel gets into the hands of terrorists?

[pat_k]

4. Oh the humanity!