Offshore wind on track to become cheaper than gas power within five years, says report

James Murray
clock

Industry-commissioned study details how offshore wind is on a steep cost reduction curve that should allow new projects to compete with new gas power plants

Offshore wind projects going into construction in 2020 could deliver clean power at a cost that is lower than that delivered by new gas-fired power plants. That is the key conclusion from the latest...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Wind

Ocean Winds signs lease to develop Celtic Sea floating offshore wind project

Ocean Winds signs lease to develop Celtic Sea floating offshore wind project

Joint venture between energy developers EDPR and ENGIE aims to deliver up to 1.5GW of capacity over the next decade

clock 03 March 2026 • 3 min read
Ayrshire group switches on community-owned wind project capable of powering 2,000 homes

Ayrshire group switches on community-owned wind project capable of powering 2,000 homes

Community-owned 2.5MW Kilbirnie wind turbine completes first full week in operation

Stuart Stone
clock 03 March 2026 • 3 min read
'Stepping up to the task': European wind industry adds 19GW of capacity in 2025

'Stepping up to the task': European wind industry adds 19GW of capacity in 2025

Sector invests €45bn in wind energy pipeline, but concerns remain over proposed energy market reforms and pace of floating offshore wind development

James Murray
clock 26 February 2026 • 3 min read