Offshore Wind Can Live without Subsidies

Offshore Wind Can Live without Subsidies

June 9, 2017

by Margarita Fournier, Copyright 2016 by Competitive Assets, LLC.  All rights reserved

While constructing wind farms in the ocean is still more expensive than on land, this may change soon. GreenTech Media highlighted a new report from McKinsey, which found “that fast growth, increased investment, bigger wind farms, falling costs, and new technologies are driving new project bids to record lows in Europe.” It predicts “a 68 percent drop in offshore wind prices by 2020, and highlights European projects already hitting grid parity.” “Late last year, the Netherlands approved a bid for its cheapest offshore project yet, €54.50 ($61.10) per megawatt-hour, a sharp drop from the €72.70 ($81.50) per megawatt-hour bid for the same site just five months earlier. Denmark set its own record in a November auction, with a winning bid of €49.90 ($55.94) per megawatt-hour, down 50 percent from 2014. Some of these bids are coming in at grid parity prices as well. In a German auction in April, the average winning bid for the projects was far below expectations, with some bids coming in at the wholesale electricity price – ‘meaning no subsidy is required.’”

Back to Texas Electric News Clips

  • Competitive Assets

    provides information and consulting for the Texas electric utility industry and is the information source relied upon by many retail electric providers, cooperatives, municipalities, generators, power marketers, brokers, aggregators, wires companies, PUCT staff, ERCOT staff, Texas legislators and staff, FERC staff, metering companies, members of the financial community, consumer representatives, and other parties interested in the Texas electric industry..

    For more, click here to visit

  • News Services provided by Competitive Assets

    Texas Electric Watch

    Texas Electric Policy News

    ERCOT Monitor Reports


    For a free trial subscription to any of these 3 news services, please send an email to freetrial. If you are interested in subscribing any of these 3 news services, please click here or call Competitive Assets at 512-581-0151

  • Texas Electric News Daily Email Sign Up

    Enter your name and email address to receive daily Texas Electric News Clip emails


    By submitting this form, you are granting: Competitive Assets LLC, 494 Hwy 71 W, Bastrop, TX, 78602, permission to email you. You may unsubscribe via the link found at the bottom of every email. (See our Email Privacy Policy ( for details.) Emails are serviced by Constant Contact.
  • Special Reports by Competitive Assets

    How to Prepare Confidential Filings at the PUCT


    For more information about this special report, please click here or go to CA Store-Special Reports page.

  • ERCOT Monitor Reports---New Issue


    ERCOT's Technical Advisory Committee (TAC) Meeting 8/25/16

    At the August Technical Advisory Committee meeting, participants considered a number of revision requests, heard an update on the Smart Meter Texas efforts, and noted the growth of unregistered distributed generation in several load zones.

    For more about the meeting, Please click here.

  • Other Services provided by Competitive Assets

    ERCOT TDU Rate Updates

    Provides updates of approved rates for TDUs in ERCOT in a spreadsheet format, updated twice per month

    If you are interested in subscribing this service, please click here or call Competitive Assets at 512-581-0151