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2017 | OriginalPaper | Chapter

8. Looking Ahead: Current Trajectory and Key Uncertainties

Authors : Rahmatallah Poudineh, Craig Brown, Benjamin Foley

Published in: Economics of Offshore Wind Power

Publisher: Springer International Publishing

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Abstract

Europe’s offshore wind industry has provided evidence of learning curve efficiencies setting in, with project economics (as measured by levelised cost of energy) drastically improving since 2015. Moving towards the end of the decade, the question becomes whether this cost curve trajectory is sustainable and if these efficiencies can be replicated in the emerging offshore wind markets of North America and Asia. This chapter summarises the current trajectory of the offshore wind industry and presents factors affecting it, including policy uncertainty in key markets and the evolution of wholesale power market prices, that could have global ramifications to the industry.

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Literature
go back to reference European Commission. (2016). Energy Prices and Costs in Europe. Report form the Commission to the European Parliament, the Council, The European Economic and Social Committed and the Committee of the Regions. November 30. COM (2016) 769 Final. pp. 4–5. European Commission. (2016). Energy Prices and Costs in Europe. Report form the Commission to the European Parliament, the Council, The European Economic and Social Committed and the Committee of the Regions. November 30. COM (2016) 769 Final. pp. 4–5.
Metadata
Title
Looking Ahead: Current Trajectory and Key Uncertainties
Authors
Rahmatallah Poudineh
Craig Brown
Benjamin Foley
Copyright Year
2017
DOI
https://doi.org/10.1007/978-3-319-66420-0_8