Study: how Europe's offshore wind sector can maintain market leadership

Green hydrogen is one of the cornerstones of the energy transition / Floating technology can harness wind along deeper coastal waters and increase the scope for low-cost hydrogen production / Further cost cutting is necessary if the European offshore wind energy sector is to stay competitive

The last decade saw a remarkable rise in offshore wind energy (OWE). This once expensive and immature technology is now cost-competitive with electricity from fossil sources and will only become more so as CO2 prices increase. In fact, many countries now see it as a key pillar of their decarbonization strategies to meet climate targets and therefore great capacity expansions are planned. For example, the European Union intends to develop 300 GW of OWE by 2050. In its focus study,... ... More: Official Press Release Roland Berger

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Roland Berger, study, offshore, wind sector, floating, technology, hydrogen, conversion, production, green, costs, Europe, GW