In North Western Europe offshore wind provides one of the largest resources for the generation of renewable energy. Only a few years ago offshore wind was still seen as risky and expensive.
But the offshore wind industry is maturing quickly, resulting in very competitive cost of energy and growing interest from strategic and financial investors. The required subsidies for a viable offshore wind project have come down with more than 75% over the last 3 years. Nowadays, subsidy for offshore wind electricity is lower than onshore and nearshore.
It is our expectation that offshore wind market will accelerate on it's growth expectations in the coming years and be the driving force behind the energy transition in North West Europe. We are committed to deploy our in-depth knowledge and vast experience in offshore wind projects on technical, legal and financial structuring to ensure low risk, low LCOE offshore wind projects for our clients.
