European Supergrid to Cut Offshore Wind Cost by 25%, Panel Says

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A European “supergrid” connecting the electricity network of Britain to those of mainland Europe could cut the cost of connecting offshore wind farms to the land by a quarter, a panel of U.K. lawmakers said.

Investment in offshore power transmission could also create 775,000 jobs across Europe by 2020, Parliament’s Energy and Climate Change Committee said today in an e-mailed study. It recommended that new wind farms are connected in a way that’s compatible with a supergrid, rather than using individual connections to shore. The government wants to boost offshore wind capacity to 18 gigawatts in 2020 from 1.3 gigawatts now.