30 Jan '17, 2pm

Offshore wind energy in U.K. far ahead of lower-cost target

Stephen Edelstein Jan 30, 2017 Offshore wind farm Enlarge Photo The winds of change are blowing harder in the U.K. The price of energy generated by offshore wind farms has been falling steadily, and ahead of schedule too. Costs have fallen 32 percent since 2012, bringing them below a target of £100 per megawatt-hour previously set by the U.K. government and utilities. DON'T MISS: When lauding renewables, look at utilization, not just capacity Wind energy wasn't expected to reach that threshold until 2020, according to the annual Cost Reduction Monitoring Framework report issued by the Offshore Renewable Energy Catapault advocacy group. Set in 2012, the £100-per-MWh goal ultimately proved conservative, thanks to a variety of factors. The implementation of larger-capacity turbines quicker than anticipated is the likely the largest contributing factor to the cost reduction, a...

Full article: http://www.greencarreports.com/news/1108599_offshore-wind...

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