Notes
Load factor is assumed to be that of offshore wind farm; Cost data from Enviros, 2005, page 53. Remote connection cost of £ 55,000/MW is included. Future cost reduction: 1% reduction till 2030, 3% after post 2030 assuming a rapid rise in global capacity (effectively doubling every 5 years) and a learning rate of 15%. Carbon Trust (2006), Future Marine Energy; Enviros, 2005 (page 55)