Germany, Belgium, Denmark, pledge to quintuple the EU’s offshore wind in a decade – ZME Science

Germany, Belgium, Denmark, and a body of 25 energy companies have signed a pledge to increase Europes offshore wind capacity by a whopping five times over the next decade. This unprecedented push should not only supply the continent with ample clean energy, but also drive the price of offshore wind down in the future, making it more than competitive with fossil fuels.

Middelgrunden offshore wind farm off the shore of Copenhagen, Denmark. Image credits Lars Plougmann / Flickr.

Plopping wind farms offshore is one of those things that just makes perfect sense: its both easier and cheaper to install turbines at sea than on mountains,it doesnt use up valuable real estate driving installation prices even lower, all making for avery price competitive power source. While still controversial in the US, offshore wind has its roots firmly set down in Europe and many countries on the old continent are aggressively developing the technology. Because of this, offshore wind became one of the most efficient and fastest growing energy markets and its only going to get better.

Thats becauseGermany, Belgium, and Denmark have joined 25 high profile European energy companies, such as Dong Energy and Siemens Gamesa, to up offshore wind generation to a huge60 gigawattsin the next decade to put things into perspective, Europes current total offshore wind capacity totals roughly 13 gigawatts. Thats 4gigawatts a year, amounting to an almost fivefold increase over the next ten years.

But unlike the power these turbines will churn out, the announcement doesnt come out of the blue. The pledge comes hot on the heels of plans to construct an artificial island with some 7,000 offshore turbines in the North Sea by 2050. Such ambitious projects are hoped to start a domino effect, as the experience and efficiency gained from the works will slash installation prices around the world, making offshore turbines even more attractive (and more importantly, affordable) for other countries.

Existing European offshore windprojects have already lowered costs by 48%overthe last two years, and the technology is projected to become very competitive with new fossil fuel generators (such as natural gas power) by 2030.

With this Joint Statement, said Giles Dickson, chief executive officer of industry group WindEurope, leading businesses and governments are taking the next step by committing to cooperate on the deployment of big volumes for offshore wind energy.

The project ties into Europes efforts to develop low-carbon electricity generation systems to meet its emission reduction targets a 40% slash compared with 1990 levels by 2030 and its leaders are gambling that if theypave the way, other countries will follow suit in a bid to reach their own Paris pledges.

And given that WindEuropeestimatesthat about one quarter of the EUs electricity demand could be supplied via offshore wind for an average cost of54 euros/megawatt hour in the most favorable locations, were likely going to see a lot more of these turbines in the future.

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Germany, Belgium, Denmark, pledge to quintuple the EU's offshore wind in a decade - ZME Science