In Recharge article ‘Three in a row spells a trend in low-price offshore wind’ summaries Giles Hundleby‘s views on the Shell group’s win at Borssele 3&4. He describes how this the latest example of how technology and low-cost capital are helping the sector’s cause.
He also analysis the three main reasons why what was once thought to be exceptionally low prices are now look as if they’re becoming the new normal. These include the increase collaboration and engagement across the whole offshore wind supply chain, the experience and commitment of market players as well as the availability of relatively cheap money to finance deals.
You can read the full article on the Recharge website here (subscription required) and a version appears in Giles’s blog ‘Shell shocked’
