Sino-report Publishes 2011 Deep Research Report on EU and China Offshore Wind Power Industry

  • Business & Finance

Offshore wind is the mean of a reliable, intensive and abundant renewable energy. This relatively new source of electricity generation, which is capable to meet much of the populated coastal areas need for power around the world, has been also stimulating the development of marine economies with thousands of new jobs.

Recently, offshore wind power has been widely viewed as a feasible way to transform economies from oil reliance to sustainable growth not only to meet government obligations in cutting emissions, but to provide the fundament for a new economic sector. Key actors of the oil and gas supply chains are very welcomed to step into and take an active role in the future advancement of offshore wind power. In fact, we can see how offshore wind is already providing a safety belt for marine industries across the North Sea region in Europe where oil is slowly depleting but offshore wind farm projects have been just started to take on a rapid phase of development. Thanks to strong government supports is clear that Europe is leading the sector which won a decisive role on making the transition to a low-carbon economy possible by the middle of this century. So keeping an eye on what is happing in the EU countries, more accurately off to their shores, is essential to predict the future potentials offshore wind provides for long term investments in other parts of the word, especially in the excitingly growing Chinese market.

The key aspects this report focuses on:

Overview on the most recent offshore wind power developments around the world.

Overview on the essential technologies in offshore wind but also presenting the potential development path for the sector.

Specific focus on the EU market with the§ key developments in 2010.

The Chinese market potential is presented as well as the major challenges facing to the yet undeveloped Chinese market.

Chapter Five investigates into the technical, engineering and economical aspects of installing offshore wind farms in order to provide a good overview and clear understanding on investment cost. The main sections of the wind farm configuration are distinguished to identify the cost components. Each cost pool of subsystems is detailed by taking into account size and distance factors.

Donghai Bridge offshore wind farm is presented as a case study for return on investment analysis.

Finally, a comprehensive databank is included to this report to provide our readers a clear picture on the supply-chain of offshore wind market as well as the available turbines and all offshore wind farms in the four major markets (UK, Germany, Denmark, China). This enables further investigation into future potentials.

In a word, “2011 Deep Research Report on EU and China Offshore Wind Power Industry” was a depth research report on China and EU Offshore Wind Power industry. And thanks to the China and EU Offshore Wind turbine and offshore wind farm experts help and support during Sino-report Wind Energy team survey and interviews.

Table of Contents

EXECUTIVE SUMMARY 1

I. THE PRESENT STATUS OF OFFSHORE WIND POWER 2

1.1. THE WHOLE SECTOR OF WIND POWER 2

1.1.1. Global wind power market review in 2010 2

1.1.2. The potential of wind power to meet high demand 1

1.2. OFFSHORE WIND POWER MARKET GROWTH 1

II. OFFSHORE WIND TECHNOLOGY 3

2.1. OFFSHORE VERSUS ONSHORE WIND POWER 4

2.2. THE KEY OFFSHORE WIND TURBINE TECHNOLOGY 7

2.3. TECHNICAL DIFFICULTIES OF OFFSHORE WIND 8

2.3.1. The problem of stability 8

2.3.2. Manufacturing and transport 9

2.3.3. Installation and grid 9

2.4. OFFSHORE WIND TURBINE DEVELOPMENT AND CURRENT SITUATION 10

2.4.1. 500 ~ 600 kW-class Prototype 10

2.4.2. The first generation of commercial MW offshore wind turbine development 11

2.4.3. Applications of the second generation MW wind turbines 11

2.4.4. Development and utilization of third Generation MW wind turbine 11

2.4.5. Cutting-edge Offshore Technology 12

2.5. THE WORLD’S MAJOR OFFSHORE WIND TURBINE MANUFACTURERS 13

2.5.1. Industry actors’ point of view 14

III. THE EU OFFSHORE WIND POWER REVIEW 15

3.1. KEY MARKET FEATURES OF THE WHOLE WIND POWER SECTOR IN THE EU IN 2010 17

3.2. KEY TRENDS FOR OFFSHORE WIND POWER SECTOR IN THE EU IN 2010 19

3.3. OFFSHORE WIND POWER MARKET DEVELOPMENT PROSPECTS IN THE EU IN 2011 AND BEYOND 25

3.4. INVESTMENT COSTS FOR OFFSHORE WIND BASED ON EU EXPERIENCES 28

IV. PERSPECTIVES FOR OFFSHORE WIND POWER IN CHINA 30

4.1. OVERVIEW ON OFFSHORE WIND ENERGY IN CHINA AND COMPARING IT TO ONSHORE WIND 32

4.2. CHALLENGES FOR OFFSHORE WIND POWER IN CHINA 34

V. OFFSHORE WIND FARM INVESTMENT COST ANALYSIS 36

5.1. TECHNO-ECONOMIC FEATURES OF OFFSHORE WIND FARMS 37

5.1.1. Wind Turbines 37

5.1.3. Electrical system 41

5.2. THE INVESTMENT COSTS OF OFFSHORE WIND FARMS 42

5.2.1. Turbine cost 42

5.2.2. Foundation cost 43

5.2.3. Electrical system cost 44

5.2.3.1. Collection system 44

5.2.3.2. Integration system 46

5.2.3.3. Transmission system 46

5.2.4. Grid interface cost 47

5.2.4.1. Regulation devices 47

5.2.4.2. SCADA/EMS controlling system 48

5.2.4.3. Project development cost 48

5.3. COST MODEL APPLICATION 48

5.4. CASE STUDY – DONGHAI BRIDGE RETURN ON INVESTMENT ANALYSIS 51

5.4.1. Profit estimation for Donghai Bridge offshore wind farm 52

Ⅵ OFFSHORE WIND POWER DATABANK 55

6.1 OFFSHORE WIND POWER SUPPLY CHAIN AND OPERATIONS MANAGEMENT NETWORK IN CHINA 55

6.1.1 Overview of actors and their activity within the supply-chain 55

6.1.2 Turbine manufacturing companies in China 59

6.1.3 Offshore wind farm development life-cycle 62

6.1.4 Offshore wind turbines – The commercially available models 66

6.1.5 Wind farm database (China UK Denmark Germany) 71

6.1.5.1 China 71

6.1.5.2 UK 100

6.1.5.3 Denmark 184

6.1.5.4 Germany 194

Ⅶ OFFSHORE WIND POWER RESEARCH CONCLUSIONS 240

[mappress]

Source: sino-report, June 21, 2011

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