Orsted | Offshore Wind at the Crossroads

Orsted | Offshore Wind at the Crossroads

Europe's offshore wind industry stands at a crossroads, grappling with increased risks, declining project viability, and lower than
needed investments across the supply chain. As supply chain disruptions and political uncertainties cast shadows over the
ambitious renewable energy targets, the sector's future hinges on overcoming these critical hurdles

From 2015 to 2020, the cost of electricity production from offshore wind in Northern Europe fell by ~70 % , making
it one of the most competitive technologies available.

This sharp decline in cost contributed to driving increased offshore wind ambitions and political goals across Europe

Offshore Wind and Hydrogen