Close to 30 UK green energy schemes have been awarded a subsidy pot worth nearly £4bn in a government auction that has set the stage for a big fall in solar electricity prices and much cheaper wind power. Two small winning solar panel projects have said they can produce electricity for nearly 60 per cent less than the maximum price the government had agreed to pay for that type of electricity and almost the same as current wholesale power prices. More On this topic IN UK Politics & Policy Prices for two large offshore wind farms off the coast of East Anglia and the Scottish Borders have come in as much as 18 per cent cheaper, though each scheme is still likely to receive nearly double the prevailing wholesale price. The auction, which is likely to set new ground rules for the way renewable energy is funded across Europe, […]