OFFSHORE RENEWABLES

Offshore wind industry targets cost reduction

A new report launched on Wednesday by the industry led Offshore Wind Cost Reduction Task Force shows that the UK is on course to reduce the cost of electricity from offshore wind substantially over the next seven years.

The targeted 30% cost reduction will lower the cost of electricity from offshore wind farms to £100/MWh. Photo: Elsam A/S

A new report launched on Wednesday by the industry led Offshore Wind Cost Reduction Task Force shows that the UK is on course to reduce the cost of electricity from offshore wind substantially over the next seven years.

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