Europe offshore wind energy is now 30% cheaper than nuclear power.
Wind energy cost is cheaper than nuclear power in the countries surrounding the North Sea. Industry group Wind Europe predicts these wind farms will generate a full 7 percent of all energy within Europe by 2030.
The reasons of the reduced costs are the cheaper in oil and steel price, transportation, and reduced reduced maintenance requirements. Inactivity in the oil industry and the closure of many drilling projects in the North Sea and elsewhere has led to a big surplus of offshore installation vessels. As a result, costs for transporting turbines out to sea and other support work have dropped substantially.