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The latest floating off-shore wind pilot project in UK went for £87.30/MWh = $105US/MWh. This is a super low scale project so if it works out we can expect cos

The latest floating off-shore wind pilot project in UK went for £87.30/MWh = $105US/MWh. This is a super low scale project so if it works out we can expect costs to reduce quite drastically when scaling it up. https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1103022/contracts-for-difference-allocation-round-4-results.pdf https://assets.publishing.service.gov.uk/government/uploads/... https://www.twinhub.co.uk/ https://www.twinhub.co.uk/ Company building the floating foundation: https://www.hexicongroup.com/ https://www.hexicongroup.com/

Schroedingersat 4y ago
The offshore wind market is going through some growing pains right now so we can't rely on the price decreases in the short term like usual, and Japan's coast is quite different to the UK's. There are superstorms, tsunami, and even laying cable is hard and expensive. Hopefully the reactors are obviously obsolete in 2032 and offshore wind, tidal, or imported ammonia replaces them, but for now it makes a lot of sense.