New figures released today show the price of electricity from offshore wind farms in the UK has dropped by 50% in the last 24 months.

The UK Department for Business, Energy and Industrial Strategy (BEIS) and National Grid statistics indicate this source of energy provides the ‘lowest cost option for large-scale, low-carbon power’.

Hannah Martin, Head of Energy at Greenpeace UK, said: “This record breaking price drop from offshore wind marks a huge moment for the UK energy sector. The price of offshore wind power is 50% cheaper than just two years ago, this means we are witnessing a revolution in UK energy.

“Offshore wind already powers 4 million homes in the UK, and will power more than 8 million by 2020. It has also created jobs, regional development and export opportunities. And official polls show that 80% of people are in favour of offshore wind. The government needs to seize the opportunities of this great deal, which they themselves have helped to create.”