Market Report
Global offshore wind revenue dynamics 2021
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
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.
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