Ambitious offshore wind targets in the UK could result in the country becoming the world leader in the technology and help accelerate the global industry through lower costs, a British energy minister said yesterday.

“We have to accept that there are some technologies where we can really influence the global price and there are others where we can’t,” said Charles Hendry, minister of state for the Department of Energy and Climate. “UK offshore is a fantastic example of where the work that we do here will influence the global price. There are other areas, solar for example where the UK market is not significantly large enough to change the price. So we’re focusing our resources and efforts on where we can see the change in the pricing structure.” Keep reading →