Figures in its Cost Reduction Monitoring Framework (CRMF) study, produced with seabed landlord the Crown Estate, show the lifetime cost of energy (CoE) from offshore wind has been whittled down from £136/MWh three years ago to £121/MWh for projects moving to construction between 2012 and 2014.
The fall in CoE – measured across a project's lifetime rather that Westminster's 15 years' of strike prices – is attributed in large part to developers early uptake of 6MW turbines to replace standard 3MW machines.
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