
The new report prepared by economics professor Gordon Hughes, a former advisor to World Bank, Dr Capell Aris, a fellow of the IET, and Dr John Constable of the Global Warming Policy Forum, explains how the broad assumption that offshore wind prices are falling is not valid. Through a detailed statistical analysis of the data, covering 86 wind farms, the authors found that capital cost of offshore wind (£/MWh installed) is actually rising as a consequence of companies moving into deeper and deeper waters. The summary of the report is provided below. The full report can be downloaded from this page.
Offshore Wind
UK