Technical discussions & info

Total Lifetime Costs:

• CAPEX: ~$48M (assuming $4M per MW)

• OPEX: $200k per MW/year → $2.4M per year

• Total OPEX over 25 years: $60M

• Total Cost (CAPEX + OPEX): $108M

Yes, the offshore renewable energy sector, particularly offshore wind, is facing significant challenges that could be considered a crisis in some regions. Here are some key issues:

1. Rising Costs and Inflation

• The cost of materials such as steel, copper, and rare earth elements has increased, making offshore wind projects more expensive.

• Higher interest rates have also raised financing costs for large-scale projects.

2. Project Cancellations and Delays

• Several major offshore wind projects have been canceled or delayed, especially in the U.S. and Europe.