wind cost

Offshore Wind Future Looks Bright but Challenges & Uncertainty Remain, New Report Finds

A report this month from PricewaterhouseCoopers LLP (PwC), Offshore Proof, delves into the challenges of offshore wind power, its shortcomings to date, and its potentially bright future. While the report finds that the “offshore wind power industry has some way to go to prove it can take its place as a sustainable part of the energy mix,” 75% of experts in the field project that it will be an important part of the mix in the next 20 years and about 60% believe that it will be economically competitive within 15 years.