1、01FINANCING OFFSHORE WIND IN APACGWEC FINANCE PAPERGWEC FINANCE PAPERFinancing Offshore Wind in APACAssessing the Cost Competitiveness of Offshore WindJUNE 202502FINANCING OFFSHORE WIND IN APACGWEC FINANCE PAPER03FINANCING OFFSHORE WIND IN APACGWEC FINANCE PAPERThe Global Wind Energy Council(GWEC)is

2、 the global trade association for the wind power industry,with over 1,500 members responsible for 70%of the worlds wind capacity.Our members include major turbine manufac-turers,energy companies,developers,and technology providers.GWEC advocates for the wind industry globally,collaborating with orga

3、nizations like the IRENA,IEA,local associations and development banks to help gov-ernments and policymakers unlock wind energys full potential.GWECs mission is to ensure that wind power fulfills its role as one of the key technology solutions to todays energy and climate challenges,forming the back-

4、bone of a new clean energy system and enabling trillions of dollars of investment while providing substantial economic and social benefits to host countries.Copyright June 2025This document contains forward-looking statements.These statements are based on current views,expectations,assumptions and i

5、nformation of the Authors.The Authors and their employees and representatives do not guarantee the accuracy of the data or conclusions of this work.They are not responsible for any adverse effects,loss or damage in any way resulting from this work.Permissions and Usage This work is subject to copyri

6、ght.Its content,including text and graphics,may be reproduced in part for non-commercial purposes,with full attri-bution.Authors:Janice CheongReviewers:Liming QiaoMark Hutchinson 04FINANCING OFFSHORE WIND IN APACGWEC FINANCE PAPERExecutive Summary1.Introduction2.LCOE Definition and Methodology 3.Dri