Written by Tim Schittekatte
This morning I read an article on Bloomberg.com:
“Vattenfall AB won a tender to build two offshore wind farms in the Danish North Sea with a record-breaking bid of 60 euros a megawatt-hour. That’s 20 percent cheaper than the previous record set by Dong Energy A/S in the Netherlands in July.”
Without going into the specific details, this price level proves that offshore wind is going to be competitive with conventional electricity generation in the near future. However, in most cases today, offshore wind generation is still too costly and risky to leave it entirely to market forces to provide ongoing investment. The full potential of this promising technology can only be realised through continuous deployment and long-term political commitment. But how can we stimulate deployment? After some experimentation, it seems that we are finally converging towards a single approach.