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POWER: Offshore Wind Costs to Drop 20-30% in Next Decade: Statkraft

POWER

 Offshore wind costs are anticipated to drop 20-30% in the next decade, with floating offshore and bottom-fixed wind farms falling to €70-40/MWh, respectively, by 2040, market analysis at Statkraft Torjus Bolkesjo said, cited by Montel.

  • This will be compared to floating offshore wind costs of €90/MWh in 2030 and bottom-fixed unit costs of €60/MWh in the same decade.
  • But the location of the wind farm would be crucial for earnings, Bolkesjo added, as a floating offshore wind farm in northern Norway would have a favourable production profile compared to wind farms in the North Sea basin.
  • Statkraft recently lowered its 2030 offshore wind target to 6-8GW from 10GW due to higher costs.
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