Global average cost of installed offshore wind projects 2010-2022

Published by Lucía Fernández, Nov 13, 2023
In 2022, the cost of installed offshore wind energy worldwide averaged 3,461 U.S. dollars per kilowatt, a year-over-year increase of over 13 percent. This figure has been on a mostly continual downward trend since 2011, when it reached the peak of the decade at more than 5,900 dollars per kilowatt.

Weighted average cost of installed offshore wind energy worldwide from 2010 to 2022 (in U.S. dollars per kilowatt)

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Release date

August 2023

Region

Worldwide

Survey time period

2010 to 2022

Special properties

In 2022 U.S. dollars; total installed cost

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