Technology costs and inflation could drive up price of wind power

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City AM

By Nicholas Earl The price of wind power could rise in the coming years, with energy specialist Cornwall Insight warning the upcoming contracts for difference (CfD) scheme could soon drive an upturn in generation costs. The fifth allocation round for the CfD scheme is expected in March, with the previous four rounds developing a trend of falling prices for offshore wind assets. However, senior consultant Alex Asher believes the next round could buck expectations. He argues there are a range of potential factors that could reverse trends, such as high inflation and geopolitical uncertainty whic…

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