Offshore wind costs in the Netherlands could be reduced by as much as 46% by 2020 and the sector could be competitive with conventional power generation by 2030, according to a new report.
The study, by PwC and DNV GL for TKI Wind op Zee, found that the Dutch offshore sector has the potential to surpass the country’s target of a 40% reduction because of cost savings expected in technology, market and supply chains and finance between 2010 and 2020.
Several of these cost reductions are locked in, the report said, but more effort will still be required to meet and surpass the target.
The most significant contributor to cost savings is technological innovation, such as turbines and XL monopiles.
Other improvements include collaboration and competition in the supply chain.
TKI Wind director Ernst van Zuijlen said: “It is good to have a clear overview on the progress and to see that we are on the right track to reach the goals we set in 2013.”
Image: Prinses Amalia offshore wind farm in the Netherlands (Eneco)
