Eight-MW giant makes offshore wind power cheaper
Monday, September 5, 2016 - 07:31
in Physics & Chemistry
A new offshore wind turbine from Siemens is set to lower the cost of wind power generated on the high seas. Siemens believes it is well on the way to reaching its goal of producing offshore wind energy at a total cost of less than ten euro cents per kilowatt-hour (kWh) by 2020. In fact, it expects that generation costs for offshore wind power plants will decline to less than eight cents per kWh by 2025. Siemens and other companies in the wind energy business agreed on this target at the beginning of June 2016.