Siemens 'confident' on €80/MWh 2025 offshore goal as technology delivers

Siemens said it is confident of driving down the levelised cost of energy (LCoE) for offshore wind power projects from 2025 to below €80/MWh ($90.2MWh), including costs of grid access, as it reaps the benefits of technology and manufacturing advances into the next decade.

Siemens offshore turbines
Siemens offshore turbines
Published 22 June 2016, 12:25Updated 25 October 2016, 16:04
Middle East & AfricaOffshore