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0.20 0.15 0.10 0.05 0.00 China Africa Eastern Europe and Central Asia Other Asia India Latin America FIGURE 4.8: THE LCOE AND WEIGHTED AVERAGES OF COMMISSIONED AND PROPOSED LARGE WIND FARMS (>5 MW) IN NON-OECD REGIONS SOURCE: IRENA COST DATABASE. The LCOE of offshore wind, assuming a 45% capacity factor and USD 0.035/kWh O&M cost, is between USD 0.15 and USD 0.17/kWh. This range drops to USD 0.14 to USD 0.15/kWh when the capacity factor is 50%. The high O&M costs of offshore wind farms add significantly to the LCOE of offshore wind farms and cost reductions in this area will be critical to improving their long‐term economics. 38 Renewable Power Generation Costs in 2012: An Overview 2011 USD/kWhPDF Image | International Renewable Energy Agency
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