Last year’s record offshore wind tally included the go-ahead for the largest ever project, Dong Energy’s 1.2GW Hornsea array off the UK coast, at a cost of $5.7bn.
For years, offshore wind has been regarded as a high-cost option compared to onshore wind, solar PV, coal and gas. This study shows that the economics of offshore wind are now improving fast.
The strategy details the current state of offshore wind in the United States, presents the actions and innovations needed to reduce deployment costs and timelines, and provides a roadmap to support the growth and success of the industry.
The Merkur Offshore wind farm will be one of Germany’s largest wind farms.
European studies of offshore wind document that atmospheric conditions there are predominantly neutral– meaning neither too windy nor too still, but somewhere in the middle, with unstable wind conditions occurring only 20 percent of the time.
The programme is designed to impact the levelised cost of energy (LCoE) from offshore wind by reducing costs, improving efficiency and availability of existing and future offshore wind farms.