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Oil markets still restraining offshore wind
5th May 2026
Vard's Ocean Charger (image: Vard)
As the cost of offshore wind dives below the level of fossil-fuelled production the drive for electrification is ramping up in Europe and other regions, but the vessels developing the windfarms remain conventionally powered.
The offshore wind segment is entering a decisive decade. In the UK, the levelised cost of energy (LCOE) for offshore wind had already well surpassed