Offshore wind could provide third of Europe's electricity, says UK Firm

Three major offshore wind farms, which will provide enough electricity to power 3.6 million homes, secured contracts.

A third of Europe's electricity could come from offshore wind, an industry leader has suggested in the wake of tumbling prices for the technology.

The latest UK Government auction for subsidy contracts - which guarantee a set price for power from offshore wind farms - saw costs fall 50% on 2015 levels, making it cheaper than nuclear power and competitive with gas.