“Siemens presents cost out strategy for offshore wind by 2025”
German wind turbine manufacturer Siemens has announced that it will provide offshore wind farms capable of generating power at levelled costs of below 8 cents per kilowatt-hour (kWh) as of 2025. These costs would include the grid connection to the shore, a Siemens press release states. By 2020, Siemens wants to generate offshore wind power for under 10 euro cents/kWh. A large share of the price reduction can be attributed to technical improvements, new grid connection technologies and logistics, the company said.
Read the press release in English here.