Search results for: cost reduction

16020 results

A list of search results

  • 9 August 2013

    Offshore wind farms are built in areas where it has been determined, by monitoring with met masts and floating met buoys, that there is enough of the turbine ‘fuel’ under normal circumstances. It is not just the remote location and water depth that determines that you will not find any offshore wind farms in the […]

  • 8 August 2013

    Offshore wind power is about as pure as energy generation gets. However, it is frustrating that statutory regulations in a key area, the deployment of novel vessels that service the industry, muddy these crystal waters. While a wind farm is rooted to the seabed, generating clean energy for decades to come, owners and operators may wish to transport their valuable project experience […]

  • 11 November 2014
    Business & Finance

    Lessons learned over the past decade as the UK offshore wind industry has expanded – from around 50 turbines in 2004 to 1,183 turbines today – have not yet contributed to a commensurate reduction in the cost of discharging consent conditions, highlighting that economies of scale have not been achieved as expected, and emphasizing the […]

  • 13 November 2013
    R&D, Technology

    Siemens sees offshore wind cost reduction in greater output, less weight, improved production and installation processes of wind turbines. The company intends to apply this to reduce the offshore wind costs in the coming years. The company will present its new 4- and 6-megawatt wind turbines at the EWEA Offshore Trade fair in Frankfurt/Main. At […]

  • 14 June 2012

    Scottish Renewables has welcomed a new report which confirms the cost of offshore wind can be cut by 30 per cent to £100 per megawatt hour by 2020. Niall Stuart, Chief Executive of Scottish Renewables, said: “The Offshore Wind Cost Cutting Task Force has presented a clear case that offshore wind can become increasingly competitive […]

  • 18 June 2015

    A half-day conference at London’s Excel is set to investigate lessons and opportunities for cost reduction from three highly relevant sectors that will play vital roles in the industry’s future growth – manufacturing, digital and satellite applications. Organised by ORE Catapult in collaboration with the HVM, Digital and Satellite Applications Catapults, the conference will be held […]

  • 9 September 2013

    More than 150 senior level wind industry executives – already comprised of 25 Utilities and 80 installation specialists – have begun to engage with one another in preparation for their arrival at Hamburg’s Royal Meridien for the 5th Annual Offshore Wind Construction, Installation and Commissioning Conference (October 14-15, 2013). With a global delegation, attendees are […]

  • 30 April 2012

    Driving down costs is one of the biggest issues for companies wanting a place in the renewables supply chain, says a Humber-based industry expert. Developers looking to find suppliers and partners will increasingly expect a focus on cost-reduction according to Andrew Oliver, head of renewables at legal firm Andrew Jackson, which has offices in Hull […]

  • 8 May 2015
    Business & Finance

    With offshore wind farms DanTysk, Nordsee Ost, Borkum and Global Tech I alone, more than 2,000 MW of German offshore wind energy has been installed in the North and Baltic Seas. End of this year will see the installed capacity rise to more than 3,000 MW. This corresponds to the capacity of more than two large nuclear power […]

  • 10 February 2014
    Operations & Maintenance, R&D

    A new European FP7 project, LEANWIND, which commenced in December 2013, received funding of €10million from the European Commission. The project seeks to address inefficiencies in logistics and transport issues for offshore wind installations and so contribute to the reduction of costs. LEANWIND was awarded to a consortium of 31 partners from 11 countries and […]

  • 26 March 2019
    Business & Finance, Technology

    The benchmark levelized cost of electricity (LCOE) for offshore wind has fallen 24% since the first half of 2018, according to the latest analysis by BloombergNEF (BNEF). Auction programs for new offshore wind capacity, combined with much larger turbines, have produced sharp reductions in capital costs, taking BNEF’s global benchmark for this technology below USD 100 per […]

  • 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 […]

  • 22 October 2018
    Business & Finance, Contracts & Tenders, Grid Connection, Wind Farm Update

    There are no local content requirements in offshore wind tenders in the Netherlands because the Dutch government sees competition as key to achieving cost reductions, Ruud de Bruijne, Project Manager Offshore Wind Energy at the Netherlands Enterprise Agency ( said during the Offshore WIND Conference in Amsterdam.

  • 9 February 2016

    The opening day of Oceanology International 2016 will see a conference session exploring some of the steps being taken to achieve cost reduction in marine renewable energy. Co-chairs of the day-long session, Nick Murphy, SeaRoc’s Head of Operations, and Tony Hodgson, Fugro’s Global Business Development Manager – Renewable Energy, said: “We will start by exploring some of the […]

  • 21 November 2011

    As offshore wind energy projects evolve and as developers, manufacturers and energy utilities continue to invest, a short-term reduction in costs is unrealistic if the sector is to realise its true potential. This is according to Intertek METOC, specialist marine consultancy that provides impartial advice to the finance, investment and development communities. With European offshore […]

  • 12 October 2012
    Business & Finance

    At its management conference in Berlin, Siemens AG presented the basic structure of its new company-wide program to some 600 top executives. Despite a difficult market environment, the company expects to achieve one of the best operating results in its history in fiscal 2012. Nevertheless, Siemens will likely not meet the ambitious goals it defined […]

  • 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.

  • 8 July 2016
    Authorities, Business & Finance, R&D, Technology

    A new funding of GBP 57.5 million was announced for the UK’s energy and infrastructure, biomedical and quantum technology sectors, with GBP 28 million set aside for innovation in infrastructure systems and first of a kind deployment of innovation, both including offshore wind projects.  A series of competitions will open over the next 2 weeks and be run […]

  • 31 May 2018
    Business & Finance, Operations & Maintenance

    First calculations show that cost-reduction of up to 30% could be achieved by the North Sea countries cooperating on offshore wind roll-out in comparison to each country connecting its own wind farms, according to Lars Barfoed, Board Chairman at Energinet.

  • 16 June 2014

    DNV GL, the world’s largest resource of independent energy experts (uniting Garrad Hassan, KEMA, DNV, GL Certification), will be participating at the WINDFORCE conference 2014 in Bremen between the 17th-19th June 2014 (stand C51 in Hall 5). As the topic of cost reduction continues to define the offshore wind industry, bringing the overall cost of […]

  • 18 December 2017
    Grid Connection, Technology

    Turnkey solution approach is one of the ways the power cable industry can help the offshore wind industry achieve further cost reductions, Leo van der Pols, Business and Sales Development, NKT, said.

  • 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 […]

  • 15 October 2013
    Business & Finance, R&D

    Wind turbines at sea could be much cheaper. The members of the Joint Industry Project ‘Wave Impact on Fixed turbine’ (JIP WiFi) are convinced that cost reductions are achievable. The design rules currently used to determine the impact of breaking waves on the turbines are very conservative. The thinking is that improving design guidelines and […]

  • 14 December 2016
    Contracts & Tenders, R&D

    Following the announcement of the Borssele III and IV tender result, Dutch energy research institute ECN said that R&D and innovation play an important role in current trend towards lower cost of offshore wind power. After the price achieved at the previous tender earlier this year, won by DONG Energy, the winner at the latest Borssele tender, a […]

  • 23 May 2016
    Authorities, Business & Finance, Contracts & Tenders, Wind Farm Update

    The tender for the 700MW Borssele I&II offshore wind farm zones has attracted 38 bids and the first impression is that the wind developers have put a lot of effort in driving down the costs, the Dutch media cited Henk Kamp, the country’s Minister of Economic Affairs, as saying. The bids show that the cost of building the two […]

  • 13 June 2012

    ETI CEO Dr David Clarke responds to the Crown Estate’s Offshore Wind Cost Reduction Pathways study and the Offshore Wind Cost Reduction Task Force Report. David Clarke, Chief Executive and contributor to the Offshore Wind Cost Reduction Task Force Report: “The UK is in a fortunate position to have the opportunity to harness offshore wind […]