'Offshore wind is fighting a race against time to cut costs'

Last year, Xabier Viteri, chief executive of Iberdrola — owner of the world’s largest pipeline of offshore projects — warned that the sector could have no future beyond 2020 if costs were not reduced by at least 40%.

There’s a way to go, but we are getting there. The European Wind Energy Technology Platform’s Strategic Research Agenda believes that the potential to cut offshore costs could be as high as 50% by 2030 — the benchmark year for European energy and climate targets.

And