Britain has awarded record low subsidies to twelve renewable energy projects cap...
Britain is already the world’s largest offshore wind market, and plans to generate a third of its electricity from the technology by 2030 as a part of efforts to reach its 2050 net zero carbon emissions target.
Britain, which aims to lift industrial productivity as it leaves the European Union, is the world’s biggest offshore wind market with almost 40% of global capacity. Thousands of students took to the streets of Asia-Pacific countries on Friday to kick off a global strike demanding world leaders gathering for a U.N. climate summit adopt urgent measures to stop an environmental catastrophe.
The lowest price awarded was 39.65 pounds per megawatt hour , around 30% lower than the subsides awarded to offshore wind projects at the last auction in 2017.
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