Search results for: cost reduction target

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A list of search results

  • 2 November 2015
    Business & Finance

    The TKI Wind op Zee (Top consortium for Knowledge and Innovation Offshore Wind) has released a report which demonstrates the 40% cost reduction targets committed by both government and market parties in the Green Deal 2011 is within reach. The report, made by PwC and DNV GL, with support of Ecofys, identifies potential of cost reduction in the […]

  • 24 January 2017
    Authorities, Business & Finance, Grid Connection, Operations & Maintenance, R&D, Technology, Training & Education

    The cost of energy from offshore wind has fallen by 32% since 2012 and is now below the joint UK government and industry target of GBP 100 per megawatt hour (MWh) four years ahead of schedule, according to a report delivered by the Offshore Renewable Energy (ORE) Catapult on behalf of the Offshore Wind Programme […]

  • 2 June 2014

    JDR, a leading provider of technology connecting the global offshore energy industry, will demonstrate its ongoing investment in products and services to support the evolution of cost-effective offshore wind energy production at Global Offshore Wind 2014, launching a range of inter-array cables with aluminium conductor cores. The new aluminium conductor core inter-array cable, which is XLPE […]

  • 13 June 2012

    DONG Energy welcomed two reports today on the cost of offshore wind energy and agree that the cost reduction target set by the Government is achievable. The target is to get the cost down to £100 per megawatt hour for offshore wind projects seeking financial investment approval in 2020. Commenting today after the release of […]

  • 8 December 2015

    The Carbon Trust has invited tenders for Dynamic Thermal Rating of Subsea Cables (DTR), as part of its major technology accelerator initiative focussed on reducing the cost of energy (GBP / MWh) from offshore wind by more than 10 %. The Offshore Wind Accelerator (OWA) is funding large-scale research, development and demonstration (RD&D) projects to unlock technological […]

  • 15 April 2016
    Authorities, Business & Finance, Grid Connection, R&D, Technology

    The Carbon Trust has awarded a contract for dynamic thermal rating of subsea cables (DTR) to the Kenilvorth-based Transmission Excellence Ltd. The GBP 375,000 contract is part of the Offshore Wind Accelerator (OWA) initiative focussed on reducing the cost of energy from offshore wind by more than 10%. The thermal optimisation of subsea cables is critical to […]

  • 14 March 2016
    Authorities, Business & Finance, R&D, Technology

    A report published today has provided strong evidence that the cost of energy from offshore wind in UK continued to fall through 2015 and remains on track to deliver the target of GBP 100/MWh by 2020. Of the 13 cost reduction indicators, all but one are ahead or on target with the milestone set for 2015, the second annual […]

  • 27 February 2015
    Business & Finance

    New Anglia LEP has welcomed a big new investment in a major wind farm planned off the coast of East Anglia which has won the UK Government approval. Mark Pendlington, Chairman of New Anglia LEP said: “This further confirms the place of East Anglia as a top location in the world for offshore wind. “The […]

  • 20 May 2014
    Authorities, Business & Finance, R&D, Wind Farm Update

    The Crown Estate is kick-starting the search for a developer to take forward the Blyth Offshore Wind Demonstrator, the UK’s largest consented offshore wind demonstration site. The decision to offer the site to the market has been taken in consultation with Government and the Offshore Renewable Energy (ORE) Catapult, which recently merged with the National Renewable […]

  • 10 June 2015

    DONG Energy has selected MHI Vestas Offshore Wind as preferred supplier for the proposed delivery of the V164-8.0MW wind turbine for the Borkum Riffgrund 2 Offshore Wind Farm in Germany. Borkum Riffgrund 2 with an awarded grid capacity of 450MW is located in the North Sea, approximately 57km off the north-west coast of Germany and […]

  • 24 November 2015
    Business & Finance, Operations & Maintenance, R&D, Technology, Training & Education

    Companies hoping to win contracts in the GBP 25 billion UK offshore wind farm investment must be innovative and cut their costs to be part of it, over 250 supply chain representatives heard during an event to celebrate Offshore Wind Week held in Lowestoft. Businesses supplying services, products and skills to help meet the target of […]

  • 29 October 2012

    The Scottish business, the Renewables Directory Ltd, to announce that today RWE Npower Renewables has chosen to adopt the directory as part of its procurement processes. On reacting to the news Michael Sinclair, Managing Director of the Renewables Directory, said “This is important news for us. We have spent the last 2 years working with […]

  • 13 December 2016

    VBMS, part of Boskalis, has awarded JDR with a contract for the supply of 66kV inter-array and export cables for Vattenfall’s European Offshore Wind Deployment Centre (EOWDC). JDR will supply more than 20 kilometres of inter-array and export cables, including the first deployment of its 66kV technology, as well as associated accessories. “This contract demonstrates JDR’s […]

  • 17 July 2013

    RenewableUK welcomed the publication of the Consultation on the draft Electricity Market Reform Delivery Plan as another step in the EMR process, but expressed concern about the 2030 scenarios outlined in it; most of which see only a very limited role for development of wind during the 2020s. Based on predicted capacity by 2020 – […]

  • 27 July 2011

    The recent announcement by the UK Government of itʼs proposed plans for Electricity Market Reform (EMR) included a major boost for the offshore wind industry, with proposed legislation which the Government believes will support the deployment of up to 18GW of offshore wind by 2020, providing the cost falls to £100/MWh. But offshore wind technology […]

  • 15 June 2016
    Business & Finance, Grid Connection, R&D

    Incidents relating to the installation and operation of high voltage subsea cables are the most costly cause of financial losses in the global offshore wind industry and led to insurance claims totalling more than EUR 60 million in 2015, according to a report by GCube Underwriting Ltd. As the European offshore wind sector prepares to enter an extended phase of […]

  • 12 June 2013

    RenewableUK has heralded new announcements planned today which will bring floating turbines a step closer to UK waters and open up the possibility of further developments. At RenewableUK’s Offshore Wind conference in Manchester, the Crown Estate, the managers of the seabed, will announce a new offshore wind leasing round for innovative structures. This is to […]

  • 16 June 2017
    Operations & Maintenance, R&D

    An Iberdrola-led industry based consortium has launched the ROMEO project aimed at reducing offshore wind O&M costs.

  • 25 April 2013
    Business & Finance, R&D, Technology

    A new £15 million fund has been launched to support innovative solutions for the development of offshore wind turbine foundations, a key component in Scotland’s fast-growing offshore wind sector. The Scottish Innovative Foundation Technologies Fund, which is open to offshore wind foundation manufacturing projects, will support innovation to develop new prototype foundations for water depths […]

  • 10 March 2014
    Training & Education

    Around 100 international delegates met in Hamburg last week for the first technical conference led by Universal Foundation, focused on knowledge sharing for offshore wind suction bucket foundation technology. The technical workshop brought together industry specialists, developers, turbine suppliers, certifiers and approval bodies, engineering, fabrication and installation contractors, authorities as well as academic experts to […]

  • 27 January 2017
    Business & Finance, Operations & Maintenance, R&D, Technology, Training & Education

    Offshore wind is the lowest cost means of decarbonising the UK’s energy sector and the industry ticks every box in the government’s new Industrial Strategy, ScottishPower Renewables’ Jonathan Cole said during Scottish Renewables’ Offshore Wind Conference in Glasgow. This week marked something of a turning point for the UK’s offshore wind industry, Scottish Renewables said, after the latest […]

  • 10 November 2014
    Authorities, Business & Finance

    Huub den Rooijen, Head of Offshore Wind at The Crown Estate which manages the UK seabed, assesses the case for offshore wind in turbulent times and calls for greater transparency in debating energy future. UK has seen significant milestones hit, such as 4 GW of capacity now in operation – enough to meet the electricity demands […]

  • 22 August 2012

    Vestas had previously announced the workforce would be reduced by 2.335 by the end of 2012, these reductions are ahead of schedule and to reach that number 1.100 employees will be made redundant by the end of September 2012. Further employees will then be made redundant before the end of the year bringing the total […]

  • 13 June 2012

    Scottish Enterprise director of energy and low carbon technologies, Adrian Gillespie, welcomes two new reports published today (13 June) by the industry-led Offshore Wind Cost Reduction Task Force and The Crown Estate which shows the UK is on course to reduce the cost of generating electricity and details of how the reductions can be achieved. […]

  • 26 February 2015
    Business & Finance, R&D

    A report issued today by Offshore Renewable Energy (ORE) Catapult reveals that the cost of energy from offshore wind farms has fallen by almost 11% over the past three years, ahead of schedule on its path to delivering the UK Government’s target of £100/MWh by 2020, and providing clear evidence that offshore wind can play a significant […]

  • 26 February 2015
    Business & Finance, Technology

    RenewableUK commented today on the release of Offshore Renewable Energy (ORE) Catapult’s ‘Cost Reduction Monitoring Framework’ on behalf of the Offshore Wind Industry Council. This is the most substantial and comprehensive look at what progress is being made in reducing offshore wind costs. A backward look at how costs have fallen between 2011 and 2014, the […]