Offshore Wind: Joint Declaration on Cost Reduction

Ahead of the Energy Council in Luxembourg on June 6, 2016, 11 leading energy companies signed a declaration stating that offshore wind can be fully competitive with coal and gas by 2025, achieving a cost of 80 €/MWh and below. The signatories are: Adwen, EDPR, Eneco, E.ON, GE, Iberdrola, MHI Vestas, RWE, Siemens, Statoil and Vattenfall.

Here you can download the document which contains an annex with further details: