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DONG Energy has claimed it can beat the Department of Energy and Climate Change's (Decc) target price for offshore wind by 2020.

Following “extensive analysis”, the Danish company has set itself “an ambitious but achievable” target of €100/MWh (£87/MWh) by the start of the next decade.

This is comfortably lower than the target Decc has set for offshore wind of £100/MWh.

DONG Energy hopes to achieve the cost savings by using large 8-10MW turbines in deeper water, and aiming for better reliability than existing turbines.

Benj Sykes, UK country manager for DONG Energy Wind Power, said: “The cost of energy target requires governments to ensure transparent planning, consenting and support regimes up to 2020 and beyond.

“This will ensure investment certainty, continuous build-out rates and project flow which will in turn secure maturation of supply chain and technical innovation and investments.

“As the UK moves towards a more sustainable and renewable electricity mix, the costs of the new technologies must come into line with existing power generation to minimise the impact on consumer bills.”

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