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Without floating foundations, offshore depends a lot on the specifics of the oceanbed. But DONG Energy, which I think is the world biggest developer of offshore
by olau 9y ago
Without floating foundations, offshore depends a lot on the specifics of the oceanbed. But DONG Energy, which I think is the world biggest developer of offshore wind, recently gave a bid on a subsidy of zero for a farm near Germany. Final investment decision is still in a couple of years so they may pull out of the bid if things don't develop as expected, but not without paying a big fee.
So offshore is expected to get cheaper.
There's a comparison with nuclear down in the thread. I think one important thing to keep in mind here is that these cost reductions coming from industrialization and improved economies of scale are REAL. They happen year over year, has happened for decades, and they will surely lower the price even further in the future. Just like solar. And battery tech for that matter. It's incremental improvements.