10 EU Countries Sign Cooperation Agreement on Offshore Wind
Posted on: 06/06/2016

10 EU countries have signed a memorandum of understanding (MoU) and work programme in order to enhance the production of renewable energy, with a focus on offshore wind. The Energy ministers of Germany, the Netherlands, Luxembourg, Norway, Sweden, France, Denmark, Ireland, Belgium and the UK signed the agreement in a bid to reduce the costs and accelerate the deployment of wind power at sea.

Signed today (6th June), the agreement outlines cooperation on spatial planning, grids, finance, technical standards and regulations such as health and safety rules to help reduce the costs. The MoU also highlights the need to coordinate the timing of offshore wind tenders and explore options for joint support schemes.

WindEurope chief executive, Giles Dickson, said:

“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 10 member states to deliver on the work programme. 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.”

The signing of the MoU comes on the same day as 11 leading energy companies sign a declaration to reduce offshore wind costs to €80/MWh by 2025 with a strong pipeline of projects.

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