Fact Over Perception: The Real Value of Offshore Wind

Europe needs more homegrown renewable energy if it is to break its dependence on imported fossil fuels. But a significant proportion of Europeans believe their countries are already domestically self-sufficient – a misperception that risks reducing the sense of urgency around the transition to a secure, independent energy system based on domestic renewables like offshore wind.

In this presentation, these and other popular misperceptions are challenged, showing that renewables, with offshore wind as a leading component, can cut total European electricity system costs by 30 % by 2040. 

The presentation will cover:

• Common misperceptions about energy independence, the cost and reliability of offshore wind, and the impact of gas on today’s energy prices
• Europe’s need for the affordable, secure, clean energy that can be provided by wind and solar
• The system cost savings to be gained by a shift to renewables, including grid upgrades and integration – and a robust methodology
• The complementarity of solar, onshore wind, and offshore wind in meeting Europe’s energy needs
• Next steps for governments and developers in delivering on offshore wind’s potential. 

Tord Bjørndal is a Lead Regulatory Advisor at Ørsted and one of the main authors behind the report “Fact Over Perception: The Real Value of Offshore Wind” that was released in April 2026. He has 18 years of experience in the energy markets from Ørsted and Norwegian energy company Equinor.   

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