There have been claims now that off shore is cheaper. or costs the same. Probably by people who want to sell them or maybe not. Scale may figure. One big one costs more but balanced by the output it can produce. Most people who spout about it often have an angle even at the political end.Proponents of onshore wind power point out it is one of the cheapest forms of renewable energy and is needed
.Storage and distribution is always being discussed.....
For new schemes the income is determined by the fixed price contract for difference contracts with the government, if the cost isn't lower than the CFD strike price the implication is the wind turbine operators are just losing money giving piles of money to the government for fun when the market price is higher and won't even cover their costs if the market price is lower.There have been claims now that off shore is cheaper. or costs the same. Probably by people who want to sell them or maybe not. Scale may figure. One big one costs more but balanced by the output it can produce. Most people who spout about it often have an angle even at the political end.
Not sure what that means. The funding scheme has been changed. As things were private finance took the risk etc and paid the lot for a fixed price "product" when it started producing. This has been changed. Not sure how but effectively consumers pay some amount?????"The UK government is to pay Chinese state-owned power group CGN over £100mn to exit Britain’s £20bn Sizewell C nuclear energy project in a bid to reduce Beijing’s involvement in the country’s infrastructure."
CFD strike price
The fact that that contract has finished means that there is a funding hole left. How is that going to be filled? Seems it has as the station has been given the go ahead. The side benefits mean they will continue for people working in the area and suppliers etc.The 100 million was a settlement to agree to buy out their share in the project. China did have legally binding contracts so we couldn't just end them without mutual agreement. In this case mutual agreement and £100 million.
There appears to be several types of contracts. I'll need to think about variations in strike price.That's for older wind systems that aren't covered by CfD.