Cost of electricity from offshore windfarms drops by a third in just four years

‘The first time we can really say we expect offshore wind to be in the next decade on the same sort of cost structure as other power generators’

The cost of electricity produced by offshore wind turbines has fallen by a third in just four years, according to a new report.

The analysis, by Dong Energy and other firms, found that the average cost during 2015/16 was £97 per megawatt hour (mwh), according to the Financial Times.

In 2012, the industry was asked by the UK Government to reduce prices to £100 per mwh within eight years, but the target has been reached in about half that time.

…

H/t reader kevin a.