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Ed Davey pledges new price support for offshore wind power

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image Thanet offshore wind farm

Energy secretary claims plan will unleash £40bn extra investment in carbon-friendly electricity generation for UK

The government has responded to a growing investment crisis with the country's offshore wind programme by pulling back on plans to make heavy cuts in subsidies for the power source.

After the German firm RWE last week told of its plans to shelve the 240-turbine Atlantic Array windfarm off Devon, the energy department announced the "strike price" (predetermined price) would be £140 a megawatt hour for 2017-18 and not the planned lesser amount of £135.

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