Endri Lico, Wood Mackenzie - What is the future for wind turbine costs?

We spoke to Endri Lico, Senior Research Analyst in Global Wind Supply Chain and Technology, at Wood Mackenzie to learn about rising prices for offshore and onshore wind turbines. He sheds light on the outlook for wind turbine costs over the next two to three years.

He also told us about the impact of high debt service costs, re-shoring, long permitting timelines in Europe and a spike in global wind turbine demand which have also contributed to the high wind turbine costs seen in Europe.

Endri Lico

Endri conducts research into primary and secondary markets for the global wind supply chain — including technologies, business models, market developments and financial impacts — for Wood Mackenzie from its office in Aarhus, Denmark.

He contributes to several of the consultancy group’s publications covering wind turbine technology trends, wind turbine supply chain trends, wind turbine OEMs’ market shares and global next-generation wind turbine models.

Prior to joining Wood Mackenzie, he was an SP&S Global Productivity Manager and Cost, as well as a Value Manager for wind turbine manufacturer Siemens Gamesa.


Endri earned his Bachelor’s from Athens University of Economics and Business. He gained his Master’s from Copenhagen Business School in International Business, with a minor in strategic procurement.