Subsidy-free bids at the recent German offshore wind auction sent shockwaves through the renewable-energy sector. Could it be that the business case for wind energy, and offshore wind in particular, is that much stronger than industry analysts predicted it would be at this stage?
Offshore wind power is undeniably maturing as a sustainable renewable-energy technology. But we see these results as a continuation of the downward trajectory in levelised cost of energy (LCOE) and, therefore, more needs to be done.
