This study models the cost of electricity from 2,000 MW of offshore wind energy, deployed off the coast of Massachusetts throughout the period 2020-2030. We find that costs will be far lower than previously contracted prices for offshore wind in the New England region and that costs will continuously lower throughout a build-out during the decade, due to ongoing technology and industry advances and the effects of making a Massachusetts market visible to the industry.
Full Report: Massachusetts Offshore Wind Future Cost Study