The cost of generating electricity from offshore wind farms fell sharply in the U.K. to below the price the next nuclear reactors will charge, making the form of clean energy one of the cheapest ways to supply the grid.

In a government auction that handed out power-purchase contracts worth 176 million pounds (US$232 million) a year, all of the bids to build offshore wind farms and other renewable technologies were below the 92.50 pounds per MWh price awarded to the controversial Hinkley Point atomic plant due to be complete in the next decade.

Winners included the Danish utility Dong Energy A/S, with an offer of 57.50 pounds per MWh for power from its Hornsea 2 offshore wind farm,

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