Politicians Need to Rethink Post-2020 Goals for Offshore Wind

Wind Industry Profile of

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

Keywords:

WindEurope, offshore, tenders, Giles Dickson