New tech in O&M driving down offshore wind opex/MW

Global average opex per megawatt in the offshore wind sector has fallen significantly over the last eight years and is expected to further decline until 2029, driven by an increasing utilisation of new technologies and innovative solutions in operations and maintenance (O&M).

“With economies of scale and improved efficiency of asset management and O&M services, global average opex per megawatt is expected to decline 20% between 2020 and 2029 on average”, Wood Mackenzie said in its latest report on the global offshore wind O&M market, which is expected to be worth € 10 billion by 2029.