The cost of energy from new UK offshore wind projects can be reduced by 40 percent from 2020 through advancements in technology and clear planning, consenting and support mechanisms from government, Dong Energy said on Friday.
The current cost is around 160 euros ($210) per megawatt hour (MWh), Dong said, while industry estimates put onshore wind at around 86 euros/MWh and coal at around 94 euros/MWh.
To achieve lower costs Dong Energy plans to gradually increase the size and efficiency of its wind turbines from 3-4 MW in 2012 to 8-10 MW by 2020.
Click here to read the full story.
