Politicians Need to Rethink Post-2020 Goals for Offshore Wind

Image: WindEuropeImage: WindEurope
Prices for offshore wind went tumbling down in the last months.

Official Press Release WindEurope:

Record-low bids in offshore wind should make policy makers rethink post-2020 ambition levels

Wind Industry Profile of
Record-low bids in offshore wind should make policy makers rethink post-2020 ambition levels

The offshore wind industry has witnessed an unprecedented price breakthrough in the past 10 months.

In July 2016 DONG Energy surprised the industry with its record-low bid of €72.7/MWh in the Dutch tender for the Borssele I and II wind farms. In November 2016 Vattenfall amazed the market with a winning bid of €49.9/MWh for the Danish Kriegers Flak project. And in December 2016 a Shell-led consortium proved that the previous bids were no exceptions as it won the Borssele III and IV tender in the Netherlands with a €54.5/MWh strike price. This month the results of the German offshore tender shocked the energy business as EnBW and DONG Energy announced the world’s first subsidy-free offshore wind farms (to be developed by 2025).... ... More: Official Press Release WindEurope

WindEurope, offshore, tenders, Giles Dickson

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