Is offshore wind energy cost competitive?

Over the last 30 years, the cost of energy from land-based wind farms has fallen steadily as technology and construction methods have improved. These accomplishments lead to the reduction of wind energy cost that is now on par with other sources of energy generation.  Though offshore wind is new in the U.S., as of February 2016, over 11,000 megawatts of offshore wind have been installed in Europe.   The U.S. DOE estimates that that offshore wind costs, like land-based wind costs, will decrease significantly by the 2025..  Trident Winds projects the price of energy produced buy its Morro Bay Offshore project will be competitive in the California markets of 2025 and thereafter.