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At least in Europe, offshore wind farms (which are more expensive than on shore) don't need any subsidies to be profitable. The turning point was around 2018
by tda 2y ago
At least in Europe, offshore wind farms (which are more expensive than on shore) don't need any subsidies to be profitable. The turning point was around 2018
- mytailorisrich 2y agoIs that true? Recently (a year-18 months ago?) there were big headlines in the UK when no-one bid for a batch of offshore farms because the guaranteed electricity price offered by the government was too low for investors.
- pjc50 2y agoThe strike price is also a cap. It's not precisely a market; nuclear also gets a (much higher) strike price agreement.