UK subsidies for offshore windfarms likely to increase amid rising costs
by Jillian Ambrose Energy correspondent from Environment | The Guardian on (#6G99E)
Developers say higher prices across their supply chains mean costs have climbed by about 40%
The government is poised to offer higher subsidies for new offshore windfarms to avoid missing its green energy targets as developers grapple with a rise in supply chain costs.
Ministers are expected to set out within the next week a new starting price for the next subsidy auction, which is likely to offer higher levels of support to offshore wind developers.
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