31 Oct '17, 3pm

Remember when offshore wind capex made you feel like this? Well not anymore:

Remember when offshore wind capex made you feel like this? Well not anymore:

In the latest auction round in Europe – the UK’s second contracts for difference (CfD) competition announced in September 2017 – Dong Energy secured the Hornsea Project Site Two for a strike price of £57.50/MWh. EDP Renovaveis (EDPR) also secured a contract, with minority joint venture partner Engie, to build 950MW of the Moray Offshore Wind Farm East project. These prices put the offshore wind industry 3-4 years ahead of schedule. In the past, offshore wind capital expenditure (Capex) costs were much higher, due to smaller turbines, limited track record in terms of performance, offshore substation inclusion, a high-risk profile and higher cost of capital. Today’s offshore wind turbines are more than double the capacity, compared with machines installed several years ago, whilst in many offshore wind markets, offshore substations and export systems have largely been taken ...

Full article: http://www.windpowermonthly.com/article/1444807/boundary-...

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