CIP partner predicts changes for offshore wind trend

As global markets open up, the validity of the most prevalent single explanation for offshore wind's massive price drop in recent years might not continue, says the developer's head of offshore wind.
Photo: Siemens
Photo: Siemens

Larger turbines are a necessary but insufficient condition for creating lower offshore wind prices. That logical claim has been the primary explanation for offshore wind's dramatic price decline in recent years, where prices in Europe have decreased from EUR 0.13 per kWh, and subsidy-free offshore wind is now being discussed in various corners of Europe. Even though other factors also play a role, the expectation of using next-generation wind turbines was, for instance, one the key causes for Ørsted's well-publicized zero-subsidy bid at a German auction held last year.

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Recent years have mauled global turbine industry, and German Nordex also notes growing deficits. | Foto: Nordex

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