In a year that has seen the world’s political power narrative jolted by the unprecedented plot twists of Brexit and the presidency of Donald Trump, another shock — and arguably one of longer-term impact to the global energy system — has gone largely unreported in the international mainstream media: the award of unsubsidised offshore wind acreage off Germany.
Offshore wind — still referred to by the fossil-fuel-committed ignorati as a “too-expensive” energy source — has dropped precipitously in price, from a levelised cost of energy (LCOE) over €150 ($166) per MWh less than a decade ago to €75/MWh and then €50/MWh last...
