Alexander said that the decision aims to add “eight to 16 gigawatts” of offshore wind capacity.
The price of onshore wind is now set at £100/MWh during 2014 and 2015 decreasing to £95/MWh in 2018 to 2019.
Large-scale solar was levied at £125/MWh in 2014-2015 and £110 by 2018-2019. Biomass conversion is set at £105 from 2014 to 2019.
Tidal and wave power has been set at £305/MWh from 2014 to 2019.
Absent from Alexander’s speech to the House of Commons today was a much anticipated agreement on nuclear that would galvanise energy giant EDF’s commitment to building a new nuclear power plant at Hinkley Point in Somerset.
Negotiations between government and EDF Energy over the proposed Hinkley Point C nuclear power plant are ongoing, but have been described as “one-sided” by the shadow energy secretary Tom Greatrex.
Today’s announcement is also not expected to include a strike price for carbon capture and storage, which is expected at a later date.