Wood Mackenzie: Offshore wind installations to top 22GW annually by 2028

first_img FacebookTwitterLinkedInEmailPrint分享Recharge:Offshore wind will account for 25% of the world’s installed wind power by 2028, up from 10% at the end of last year, according to analyst Wood Mackenzie.The 160GW of cumulative capacity installed by then would represent a sevenfold increase on the 23.4GW erected by the end of 2018 — largely a result of the ever-reducing cost of the technology.As WoodMac states: “The possibility of offshore wind becoming cheaper than coal, gas and nuclear in most major countries is a question of when rather than if.”A record low strike price of £39.65 ($51.27) per MWh was achieved at a UK Contracts for Difference auction last year, while French asset manager Lazard puts the levelized cost of energy of new coal-fired power plants at $66-152/MWh, and new gas combined-cycle plants at $44-68/MWh.Nevertheless, WoodMac points out that the offshore build-out — which it expects to reach 22.3GW annually by 2028 — could be negatively impacted by a lack of policy frameworks in some countries and “lukewarm returns” due to the ultra-competitive nature of auctions and slim margins.But these potential problems will be countered by the ability of floating wind to unlock new markets and developers starting to pursue subsidy-free merchant projects, it adds.[Leigh Collins]More: Offshore wind ‘will provide 25% of all wind power by 2028’ Wood Mackenzie: Offshore wind installations to top 22GW annually by 2028last_img