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Weighted average levelized cost of electricity for offshore wind worldwide from 2010 to 2024 (in U.S. dollars per kilowatt-hour)

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Source

Release date

July 2025

Region

Worldwide

Survey time period

2010 to 2024

Special properties

In 2024 U.S. dollars

Supplementary notes

LCOE: levelized cost of electricity

Citation formats

Global average LCOE of offshore wind 2010-2024

Published by ÌÇÐÄÆƽâ°æ Research Department, Oct 6, 2025

The weighted average levelized cost of electricity (LCOE) for offshore wind energy worldwide has decreased steadily in the period under consideration. The LCOE of offshore wind reached roughly U.S. cents per kilowatt-hour in 2024.

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