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The Guardian - UK
The Guardian - UK
Business
Jillian Ambrose Energy correspondent

UK subsidies for offshore windfarms likely to increase amid rising costs

Dune in foreground with offshore wind turbines in the background
Developers have said that the previous price the government would pay for electricity was too low to make many new projects viable. Photograph: Ian Forsyth/Getty Images

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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