Offshore wind turbine levelized cost of electricity ( LCOE ) has fallen 24 % since H1 2018 , according to BloombergNEF ( BNEF ) . The research firm 's global benchmark for new offshore wind turbines has dropped to less than $ 100 per MWh . Five years ago , it stood at $ 220 per MW . Electricity demand is subject to pronounced peaks and lows inter-day. Bloomberg cited offshore wind auctions as the reason for the falling price , together with significantly bigger turbines .
Offshore wind turbine levelized cost of electricity ( LCOE ) has fallen 24 % since H1 2018 , according to BloombergNEF ( BNEF ) . The research firm 's global benchmark for new offshore wind turbines has dropped to less than $ 100 per MWh . Five years ago , it stood at $ 220 per MW . Bloomberg cited offshore wind auctions as the reason for the falling price , together with significantly bigger turbines .