4 ms·
Yes it is. But it's going to drop quite quickly the more off-shore wind developments there are. Unfortunately, these prices only drop when people start building
by arm85 10y ago
Yes it is. But it's going to drop quite quickly the more off-shore wind developments there are. Unfortunately, these prices only drop when people start building them. When the banks get more experience with the risks involved the project costs drop and the same will happen with new foundation technologies.
- _rpd 10y agoThere seem to be higher costs for offshore wind that aren't going to go away with extra projects. Maintenance is more expensive because the turbines are in a salt water environment, and the electrical interconnect to the shore is an order of magnitude more expensive than equivalents on land.
- Symbiote 10y agoThere are many offshore wind farms in Europe, the first was built in 1991. Many more are planned, and I'd assume the idea isn't novel to banks. Can we expect much reduction in cost? https://en.wikipedia.org/wiki/List_of_offshore_wind_farms https://en.wikipedia.org/wiki/List_of_offshore_wind_farms