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 .
Offshore wind’s levelized cost of electricity (LCOE) has fallen 24% since H1 2018, according to BloombergNEF (BNEF). The research agency's global benchmark for new offshore wind capacity has dropped to less than $100 per MWh. Five years ago, it stood at $220 per MWh. BNEF cited offshore wind auctions as the reason for the falling price, together with significantly bigger turbines.