Fig. 7: Impact of five drivers for median-scenario LCOE reduction in 2035. | Nature Energy

Fig. 7: Impact of five drivers for median-scenario LCOE reduction in 2035.

From: Expert elicitation survey predicts 37% to 49% declines in wind energy costs by 2050

Fig. 7

For each wind application, the figure presents the median respondent’s 2019 to 2035 percentage change in each of the five drivers that influence LCOE (top). We then use the respondent-level data to estimate the relative impact of these various changes on the LCOE reduction between 2019 and 2035 (bottom). Panels show results for onshore (left), fixed-bottom offshore (centre) and floating offshore (right) wind. aFloating offshore wind is compared with 2019 baselines for fixed-bottom offshore wind. Supplementary Fig. 2 provides similar analysis for the low-LCOE scenario.

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