Offshore wind on the rise in NZ say promoters

Giant turbines could rise from the seabed in the 2030s say developers. (Image: IEA)

Wed, 20 Mar 2024

Despite the cost of offshore wind-electricity generation, the promoters say its time is coming and it will significantly boost the economy.A study released as the Offshore Renewable Energy Forum met in Taranaki said New Zealand needed an offshore wind sector, not least because of the existence of the abundant resource in this country.However, it acknowledges the problems that stop getting the industry started, primarily that it is more expensive than other renewable generation projects.The paper said these costs would come down.It estimated the...

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