EnBW AG, which built Germany’s first commercial scale offshore wind project in 2011, is currently developing He Dreiht, a 900 MW offshore wind project in the North Sea that will not require any government subsidies. This project is the clearest sign yet that EnBW has the expertise and experience necessary to build affordable offshore wind projects that can compete with fossil fuel-generated electricity prices.
Here in North America, the 2017 competitive power procurement in Massachusetts showed for the first time the cost effectiveness of wind-generated electricity. While there was enthusiasm previously about the potential environmental and job benefits of offshore wind, now there is excitement about the price as well. The ambitious offshore wind targets set by the states of New York and New Jersey, 9,000 and 3,500 MW, respectively, prove confidence on the part of state leaders that offshore wind will be a benefit, not a burden, to their constituents.