Developers could reduce the costs of projects by limiting the number of engineering, procurement, construction and installation (EPCI) contracts, research from wind consultancy K2 Management has revealed.

The report, Reducing The Levelised Cost of Energy: Challenges, Trends and Opportunities in Today’s Wind Projects for Tomorrow’s Business Cases, identified some of the “key challenges” that will shape the future of onshore and offshore wind farms over the next year by looking at data from 60 projects in Europe and Latin America.