Offshore Wind Price Competitive With Nuclear

Danish Energy Agency’s new estimate slashes price of renewable energy by 30% - bringing offshore wind on par with nuclear

Vilhelm Carlstrom, 16 July 2018 (Business Insider – Nordic)

“…In the past thirty years, Denmark has reduced carbon dioxide emissions by 30%, and even reduced energy consumption by 7%, while GDP grew 55%...[Its , the Levelized Cost of Energy (LCoE) calculator compares various energy sources on lifetime costs] beyond those associated with construction and production – like the socioeconomic costs of different emissions…[In the newest update, for] facilities commencing production in 2020, the price of offshore wind has been slashed by 30%, onshore wind by 25% and solar by 40%...[due to] a significant reduction in the capital expenditure and operating costs associated with employing the new technologies, coupled with increases in productivity…The reductions bring the average costs of producing one MWh of energy to EUR 46 for Danish offshore wind projects, EUR 30 for onshore wind, and EUR 40 for photovoltaic solar energy. That brings offshore wind on par with nuclear power, while onshore wind is by far the cheapest, and solar PV closing in quickly…The agency stresses that the results will vary greatly based on assumptions and locality…” click here for more

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