Benchmark UK offshore wind load factors are seen rising to 57% in 2030 and 63% in 2040 by the Department of Business, Energy and Industrial Strategy.  The UK has a target of 40 GW of offshore wind capacity by 2030 which, using BEIS’s current assumed offshore load factor of 47.3%, would generate 166 TWh/year. “Larger turbines are expected to produce higher load factors for several reasons, most importantly that larger turbines can access higher winds due to their increased height, and that a wind farm with fewer, larger turbines has increased efficiency,” BEIS said in an Aug. 24 report on electricity generation costs. Current UK offshore wind capacity stands at 10.365 GW. Last year the sector […]