Market Report
Global offshore wind revenue dynamics 2021
Report summary
With the expanding offshore wind industry, the average global LCOE of offshore wind will drop by 53% towards 2025 compared to the 2014 level. However, the revenue/MWh reductions have outpaced LCOE reductions, dropping 66% over the same period. This trend is challenging offshore wind project investment returns. This report looks into the dynamics of all forms of subsidies - such as investment aid, operational aid, tax credit and indirect capital investment support - that have been implemented into the offshore wind sector globally. It provides an overview of the trend of revenue/MWh awarded to offshore wind projects from 2010 to 2029. The report also covers global and regional revenue/MWh change over time, as well as subsidy schemes evolving in key markets globally.
Table of contents
- No table of contents specified
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Insight
Sunrise for Japan offshore wind
Japan offshore wind
$3,990
Market Report
Europe levelised cost of electricity (LCOE) 2023
This report provides an analysis and outlook to 2050 for power technology and generation cost trends in Europe.
$5,990
Country Report
South Korea upstream summary
The only producing assets ceased production 2021.
$3,400