IEA Wind Task 26

Cost of Wind Energy

IEA Wind TCP Task 26 Event:
“The Changing Economics of Offshore Wind Energy in High Renewables Futures”

Date: 23 November 2021, 14-17 CET
Venue: Side Event at Electric City, WindEurope Conference, Bella Center, Copenhagen
Online participation via ZOOM (link will be sent to registered participants)

The workshop will combine presentations and open discussion. Members of Task 26 and guest speakers will present cutting-edge research and new insights into costs and values of offshore wind energy. Topics include:

  • Cutting wind energy costs in half by 2050 – results of an expert elicitation
  • Expert perspectives on the wind plant of the future
  • Value-based metrics to assess offshore wind cost
  • The rise of competitive procurement in offshore wind energy
  • Peek into the future: economic perspectives on floating wind, energy islands, new business models and financing concepts, new routes to market.

Note that we plan to accommodate virtual participation as well as in-person physical participation for persons that have paid the entrance fee to the WindEurope Conference. Our event is free. Physical participation will require an entrance fee to the WindEurope conference.

See the agenda and register for the event.

About Task 26

Task 26 provides insights on the future costs of wind energy and factors that could drive costs higher or lower over time. As energy sector planners and grid operators look toward a future that could include much higher penetrations of variable renewable resources, the Task also explores the value components of wind power. Throughout its work, the Task develops and maintains consistent and transparent methodologies and data with the international community. These efforts facilitate ongoing and future comparisons between countries and across energy generation technologies. They also provide a means of grounding and validating work in wind power that occurs throughout the global community.

For decades, cost reduction in wind power generation has led to increasing power sector competitiveness. Over the past decade, these cost reductions have resulted from an array of technological advancements coupled with industry learning and price pressures from competing technologies. With the growing importance of wind energy in many markets, the wind research community must be able to discuss the specific costs of wind systems on the basis of a sound and transparent methodologies.

IEA Wind Task 26 Cost of Wind Energy facilitates these discussions by surveying, applying, and innovating methods for determining the cost and value of wind energy across time and space.

Expected Results

  1. Enhanced international collaboration and coordination in the wind energy cost field
  2. Updated data, analysis, and understanding of on-shore wind energy cost trends and comparison among countries
  3. Identification of the primary offshore wind energy cost drivers and the variation of these costs among participating countries
  4. Collaborative journal articles summarizing and further analyzing work conducted to understand trends in cost of energy
  5. Collaborative journal articles exploring issues related to the value of wind energy.

Operating Agent

Please contact Operating Agent Eric Lantz with questions; see contact information below.

Eric Lantz

Task 26 Operating Agent

    Task 26 Publications

    Task 26 publications are available here.

    IEA Task 26 Operating Agent Eric Lantz

    National Renewable Energy Laboratory
    15013 Denver W Pkwy
    Golden, CO 80401-3305
    United States

    Contact Eric Lantz

    Phone: +1-303-384-7418
    9 a.m. – 5 p.m. Mountain Time