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Report – Upbeat Assessment European Offshore Wind

Estimated cumulative national installed offshore wind capacity by 2030

An new report titled “Unleashing Europe’s offshore wind potential” by London-based renewable energy consultancy BVG Associates paints an optimistic picture for the European offshore wind sector. Currently we have 12.6 GW installed in shallow European waters. By 2030 the offshore wind share to the EU electricity production could be 7-11%, which constitutes merely a fraction of the true potential of three European bassins: the Baltic, North Sea and Atlantic from France to the north of the UK.

Three offshore wind basins considered

Key findings for offshore wind:

  • Between 2,600 and 6,000 TWh/year can be generated at a cost of €65/MWh or below, corresponding with between 80% and 180% of Europe’s electricity demand with 2030 technology.
  • Of that amount 25% of the EU’s electricity demand could be met at an average of €54/MWh in the most favorable locations.
  • The industry has achieved unprecedented levels of competitiveness through rapid progress in technology, industrial growth and a reduction in the cost of capital.

LCOE (levelized cost of energy)

[bvgassociates.com] – Company site

The 64p pdf report, free download in return for your email address:

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