30 Jun '15, 9am

RenewableUK welcomes the CCC report highlighting the cost effectiveness of wind energy

RenewableUK is welcoming a new report commissioned by the Committee on Climate Change which shows the cost of offshore wind energy will drop dramatically by the end of the decade, with further significant cost reductions in the 2020s. The study, “Approaches to cost reduction in offshore wind” by BVG Associates for the CCC, says there is strong evidence that offshore wind is already on track to drive down costs by a third, to reach its target of £100 per megawatt hour (MWh) by the end of the decade. This reduction will continue in the 2020s by improving the reliability of turbines and by increasing their capacity to 10MW or higher. The report estimates that this will cut offshore wind costs to £80/MWh by 2030. But to do this, the Government must set out a clear vision of how much capacity it wants installed and by when, allocating financial support accordingly with a rollin...

Full article: http://www.renewableuk.com/en/news/press-releases.cfm/201...

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