Firm aims to cut offshore wind project cost with bigger turbines

03/21/2013 | (free content)

Denmark's Dong Energy aims to lower the cost of wind energy development in the North Sea from about $243 per megawatt-hour last year to less than $152 per MWh by 2020 with the use of larger, more efficient wind turbines, and with the help of consistent government policies. To achieve its cost-reduction goal, The company plans to shift from 3- to 4-megawatt offshore wind turbines to 8- to 10-MW turbines in 2016 through 2020. "It's very challenging, but we think it's very much a realistic and achievable target," said Benj Sykes, Dong Energy's wind power director for the U.K.

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