Offshore Wind Getting Cheaper

GALWAY, IRELAND--March 16, 2015 --Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland) The costs associated with offshore windfarms have fallen by 11% in the last four years and the sector is on target to be competitive with coal and gas-fired power by 2020.

The first Cost Reduction Monitoring Framework report from the Offshore Wind Programme Board (OWPB), a cross government and industry body tasked with driving down the costs, claimed that the sector will be able to supply electricity at the target amount of £100 per megawatt hour (MWh) within the next five years.