Output data from an NREL report entitled An Assessment of the Economic Potential of Offshore Wind in the United States from 2015 to 2030 (NREL/TP-6A20-67675), which analyzes the spatial variation of levelized cost of energy (LCOE) and levelized avoided cost of energy (LACE) to understand the economic potential of fixed-bottom and floating offshore wind technologies across more than 7,000 U.S. coastal sites between 2015 and 2030.

This report summarizes a study of possible offshore wind energy locations, technologies, and levelized cost of energy in the state of California between 2015 and 2030. The study was funded by the U.S. Department of the Interior's Bureau of Ocean Energy Management (BOEM), the federal agency responsible for regulating renewable energy development on the Outer Continental Shelf. It is based on reference wind energy areas where representative technology and performance characteristics were evaluated. These reference areas were identified as sites that were suitable to represent offshore wind cost and technology based on physical site conditions, wind resource quality, known existing site use, and proximity to necessary infrastructure. The purpose of this study is to assist energy policy decision-making by state utilities, independent system operators, state government officials and policymakers, BOEM, and its key stakeholders. The report is not intended to serve as a prescreening exercise for possible future offshore wind development.

This report describes a comprehensive effort undertaken by the National Renewable Energy Laboratory (NREL) to understand the cost of offshore wind energy for markets in the United States. The study models the cost impacts of a range of offshore wind locational cost variables for more than 7,000 potential coastal sites in U.S. offshore wind resource areas. It also assesses the impact of more than 50 technology innovations on potential future costs for both fixed-bottom and floating wind systems. Comparing these costs to an initial site-specific assessment of local avoided generating costs, the analysis provides a framework for estimating the economic potential for offshore wind. The analysis is intended to inform a broad set of stakeholders and enable an assessment of offshore wind as part of energy development and energy portfolio planning. It provides information that federal and state agencies and planning commissions could use to inform initial strategic decisions about offshore wind developments in the United States.

This presentation provides an overview of progress toward offshore wind cost reduction in Europe and implications for the U.S. market. The presentation covers an overview of offshore wind developments, economic and performance trends, empirical evidence of LCOE reduction, and challenges and opportunities in the U.S. market.