http://cleantechnica.com/2012/06/18/cost-reduction-could-make-offshore-wind-competitive/ Clean Tech News & Views: Solar Energy News. Wind Energy News. EV News. & More. Tue, 30 Dec 2014 00:07:00 +0000 hourly 1 http://wordpress.org/?v=4.0.1 http://cleantechnica.com/2012/06/18/cost-reduction-could-make-offshore-wind-competitive/#comment-125064 Tue, 26 Jun 2012 22:46:58 +0000 http://cleantechnica.com/?p=39147#comment-125064 […] June 18, 2012. A study published by the Crown Estate provides a roadmap for the United Kingdom (UK) government on how to reduce the cost of offshore wind energy and make the industry globally competitive. The overarching goal of bringing the cost of offshore wind to £100 per megawatt hour by 2020 will require industry and organizations to work with the government to make offshore wind energy costs competitive with other carbon free energy sources. By combining improvements to technology, growth of the supply chain and reductions to financing costs for wind energy projects, the cost of offshore wind could be cut below £100 per megawatt hour provided that total capacity reaches at least 17 to 18 gigawatts. A key factor in achieving this goal is the smooth and timely implementation of government policy in order to spur competition in key supply markets and provide long-term certainty for offshore wind investors. The ultimate prize will be a world-leading industry in the UK, jobs, and domestic investment, not to mention the prospect of achieving low-carbon, clean energy targets by 2020. […]

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