Cost Drivers and Technical Hurdles
Understanding the specific cost drivers of offshore wind helps to devise effective strategies to lower or remove the barriers to viability and the progress of this industry. This is specifically important given that offshore wind historically has had a higher cost compared to other renewables such as onshore wind. This can be attributed largely to the nature of working in the harsh marine environment, which entails increased risk for projects and assets, and, moreover, demands more performance from those assets as compared to their onshore counterparts. This chapter explores the various cost drivers and technical hurdles of the offshore wind technology.
KeywordsTechnical hurdles Cost drivers Supply chain European offshore wind market North American offshore wind market East Asian offshore wind market
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