Industrialization and standardization in North Sea offshore wind

But our latest Industrialization and standardization in North Sea offshore wind report suggests the next major reduction in offshore wind costs may come from something very different.

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Working with partners across the European offshore wind supply chain, DNV investigated what could happen if the industry stabilized around a narrow range of current-generation turbine platforms and focused on repeatability, utilization and standardized interfaces.

The result?

Potential LCoE reductions of more than 20% within the next 15 years
Up to 25-28% lower LCoE by 2050 under ambitious deployment scenarios
Reduced development, installation and operating costs
Higher supply chain utilization and delivery certainty
Faster deployment of renewable energy capacity across the North Sea

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Industrialization and standardization in North Sea offshore wind

For two decades, the industry has reduced costs through technological innovation and quality improvements.

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