Our client, Megavind, is a strategic partnership of Danish wind industry leaders, aimed at continuation and consolidation of the stronghold of the Danish wind industry. ESP Consulting built an LCoE model, providing Megavind with a robust tool for:
- Consistent calculation and tracking of the cost of energy from offshore wind power;
- Dialogue across the wind industry;
- Cost comparison of offshore wind parks;
- Long term benchmarking of progress towards its target of 50% cost reduction for offshore wind over a 10 year period; and
- Identifying the main cost drivers and potential for future LCoE reductions.