Holistic Approach to Reduce Offshore Wind Turbine Costs

As offshore wind continues its remarkable growth, surpassing 75GW of global installed capacity in 2024 with the expectations of reaching 300GW+ by 2030, there is an increasing demand to reduce overall capital expenses (CAPEX) and operational expenses (OPEX). EPRI in-collaboration with DTU and other HIPERWIND partners have been addressing these wind industry challenges by developing cutting-edge methods for turbine loads, performance, health, and reliability assessments ensuring reduction in costs and improving annual energy production (AEP).