Wind Energy Options for the UK Investor

Denmark’s Dong Energy, which is held by a range of UK funds, has won a contract to build the world’s biggest windfarm off the coast of Yorkshire

James Gard 13 September, 2017 | 2:29PM

Wind farm

Two significant pieces of news will have attracted the attention of investors in the renewable energy sector this week.

Firstly, on Monday, the price of offshore wind generation dropped below the price of nuclear power for the first time. The news came after an announcement that Denmark’s Dong Energy has won a contract to build the world’s biggest windfarm off the coast of Yorkshire, England. The price guaranteed for the Hornsea 2 Project was confirmed at £57.50 per megawatt hour, significantly below that of under-construction nuclear plant Hinkley Point.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
BP PLC331.65 GBX-1.68
Centrica PLC31.59 GBX-0.79
Jupiter Green Ord163.00 GBX0.62
Royal Dutch Shell PLC B1,417.42 GBX-0.07
Witan Ord155.84 GBX2.93

About Author

James Gard  is content editor for Morningstar.co.uk

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