Nine European Countries Sign Offshore Wind MOU

Posted by Betsy Lillian on June 06, 2016 No Comments
Categories : New & Noteworthy

Today in Luxembourg, energy ministers from nine countries signed a memorandum of understanding (MOU) and work program to enhance their cooperation on renewable energy, particularly offshore wind, says WindEurope.

The ministers of Germany, the Netherlands, Luxembourg, Norway, Sweden, France, Denmark, Ireland and Belgium signed the agreement, which aims to reduce the costs and accelerate the deployment of wind power at sea.

“The agreement signed in Luxembourg today is a major step forward to fully realize the potential of offshore wind in Europe,” comments Giles Dickson, CEO of WindEurope.

“It’s a good combination of top-down and bottom-up: top-down political commitment to take bottom-up practical action to reduce costs and facilitate the deployment of offshore wind. We congratulate the ministers for the ambition they’ve shown and the Dutch presidency for having made this happen. It’s a clear statement of intent that gives confidence to the offshore wind industry and will help drive further investments,” Dickson says.

According to WindEurope, the agreement outlines a number of actions to help reduce costs in offshore wind, including cooperation on spatial planning, grids, finance, technical standards, and regulation such as health and safety rules.

The MOU also highlights the need to coordinate the timing of offshore wind tenders and explore options for joint support schemes.

The signing of the MOU comes on the same day that 11 energy companies signed a declaration saying offshore wind can reduce costs to EUR 80/MWh by 2025 through a strong pipeline of projects.

“The industry has reinforced the new commitments of the governments by making its own new commitment on cost reduction for offshore wind,” Dickson continues.

“Costs can continue to come down quickly, but the volumes must be right. The main challenge facing offshore wind today is the visibility of market size and regulation after 2020. Clear targets for deployment and tendering will unlock new investments, reduce the cost of capital and allow us to meet the cost-reduction target.

“We now look to the signing countries to deliver on the work program. The industry stands ready to support. Together we can make offshore wind a central piece of a secure, affordable and sustainable energy system in Europe.”

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