Rapid advances in digitalisation and automation will be needed to drive the next era of cost reduction in the offshore wind industry, or developers could fall foul of ever-narrowing project margins as the sector enters the zero-subsidy era, according to DNV GL.

The “mega trend” of projects upsizing to gigawatt-scale to reach an ever-lower levelised cost of energy (LCOE), would not be enough for future offshore wind auctions where margins “are so tight”, said DNV GL global head of offshore wind Peter Brun, speaking exclusively with Recharge ahead of today’s launch of the DNV GL report, Offshore Wind: The Power to Progress.