Why Offshore Wind Costs Keep Falling While Solar Faces New Challenges
Offshore wind’s Levelized Cost of Energy (LCOE) has plummeted by nearly 70% over the past decade, transforming what was once an expensive renewable alternative into a competitive cornerstone of global energy transition strategies. Understanding LCOE—the average cost per unit of electricity generated over a project’s lifetime—is essential for anyone working in renewable energy, as this metric drives investment decisions, shapes offshore wind policy development, and determines which …















