Offshore wind: delivering more for less, a report for Statkraft sets out in this document demonstrates that real, tangible advances in technology, the supply chain, and policy have combined to drive down the cost of energy for projects about to go into construction in 2015. This downward pressure is expected to continue, with offshore wind projects going into construction in 5 years that are competitive with new CCGT plant. The repowering of the oldest projects with the most modern turbines could, from the late 2020s, see the advent of offshore wind plant delivering more for less than CCGT, even under the Government’s lowest gas price forecast.