The UK will back a major wind farm project for a fleet of offshore turbines in the North Sea. The project will include eight other European countries, including Norway, Germany, and the Netherlands, the BBC reported.
The major wind farm deal, the government says, will strengthen the country’s energy security by providing a way out of the “fossil fuel rollercoaster,” as it described it. For the first time, some of the new wind farms will be connected to more than one country via undersea cables called interconnectors. Supporters of the scheme say it should bring prices down throughout the region.
But it may be controversial. Wind farm operators may be able to “shop around,” according to the BBC, to sell electricity to the highest bidder. This has the potential to drive prices up when there is a shortage of supply.
Energy Secretary Ed Miliband is set to sign a declaration at a meeting in Hamburg for the future of the North Sea and commit to complete the major wind farm deal by 2050.
The network of undersea cables connects the electricity grids of European countries, ten of which are connected to the UK. But this is the first time that wind farms are connected directly to multiple countries. Most economists believe that connecting energy grids between the UK and other European countries is likely to reduce costs and improve the supply’s security.
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