Five charts to start your day
Hope you are enjoying this series. For the past few weeks I’ve been sharing the top five charts from the hundreds that I see every day. It’s a little different from my usual work – animated data visualisation.
I always give the first chart free. Paid subscribers get all five charts. Plus, I will create some tutorials in the future on how to make animated data visualisations. So, let’s kick this off with the first chart.
Offshore wind is as cheap as coal, but needs to get even cheaper to remain competitive
Source: Bloomberg NEF, https://www.bloomberg.com/opinion/articles/2023-07-26/alternative-energy-offshore-wind-farms-can-come-out-of-the-doldrums
The offshore wind industry is facing challenges, with rising equipment costs, higher interest rates and a decline in investment.
To survive and expand, offshore wind farms need reforms such as competitive bidding, streamlined permitting and a more diversified investment pool provided by infrastructure funds.
Offshore wind is as cheap as coal, but it still needs to get cheaper to help us meet our net-zero emission goals.
