Technology is fascinating. It usually gets cheaper as it gets better. That is what has happened with offshore wind globally.
It has slid down the cost curve, with the result that gigawatt-scale, multi-billion-dollar projects are being built globally using giant turbines installed up to 200 kilometres from shore.
“These industrial-scale projects generate for more hours of the year than other variable renewable energy technologies, and the investment is revitalising coastal communities with local jobs,” according to BloombergNEF’s wind energy analyst Imogen Brown.
BNEF is forecasting a surge in offshore wind installations this decade. Total global installations are set to cross the 200-gigawatts mark
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