Principal The Renewables Consulting Group, an ERM Group company New York, New York
Presentation Description: The Levelized Cost of Energy (LCOE) – the average net present cost of electricity generation over a plant’s lifetime – enables developers, investors, and governments to scrutinize the forces driving offshore wind costs achieved in recent years and expectations for the future buildout of the US market.
Along with the secular trend toward declining costs, recent macroeconomic headwinds may alter the near-term LCOE trajectory of the maturing US offshore wind market. This presentation will guide attendees through the key downward and upward pressures on US offshore wind LCOE today, touching on topics such as technology improvements, US market maturation, and recent supply constraints.
This session will provide attendees with an overview of the core LCOE drivers of the US OSW market and how they will impact the industry over the coming years.
Learning Objectives:
Upon completion, participant will be able to understand and differentiate the core levilized cost of energy drivers of the US offshore wind market and how they will impact the industry over the coming years.
Upon completion, participant will be able to demonstrate an understanding of the upward and downward pressures that impact the levilized cost of energy.
