Search results for: cost

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10 June 2019 Grid Connection, R&D

Offshore Renewable Energy (ORE) Catapult and Synaptec have partnered in a project aimed at reducing the cost of subsea cable failures and accompanying monitoring systems. Synaptec’s Refase technology will be installed at ORE Catapult’s 7MW Levenmouth Demonstration Turbine for a year-long trial to establish cost savings and benefits of using distributed, passive sensors to monitor […]

29 May 2019 Business & Finance

The average cost of electricity produced by offshore wind could decrease by 15%, to USD 0.108/kWh, by 2022, or 4% per year, according to a new report by International Renewable Energy Agency (IRENA). The Renewable Power Generation Costs in 2018 report states that offshore wind projects in 2022 would mainly span the range USD 0.06 to USD 0.14/kWh, […]

11 April 2019 Grid Connection

German offshore grid network system is too expensive, inefficient, and will lead to billions of euros in additional costs by 2030 compared to its UK counterpart, according to a study commissioned by Ørsted. The study, Market Design for an Efficient Grid Connection of Offshore Wind Energy, carried out by DIW Econ, compared the market design of German offshore grid […]

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 […]

11 March 2019 Business & Finance

Having 60% of UK offshore wind content provided by local firms is challenging due to constant pressure to cut costs, according to Seacat Services' Managing Director, Ian Baylis. Baylis gives the example of Scottish manufacturer BiFab which has reportedly lost a major offshore wind contract to yards in Belgium, Spain and the United Arab Emirates. “The […]

14 December 2018 R&D, Technology

Siemens Gamesa and Aalborg University (AAU) in Denmark will lead the new i4Offshore research and development project focused on significantly reducing the cost of offshore wind power.

24 October 2018 Operations & Maintenance, R&D, Technology

Scottish company Span Access Solutions Ltd is developing a new way to access offshore wind turbine blades that could save GBP 1.05 billion across the current European fleet of offshore wind farms, the Offshore Renewable Energy (ORE) Catapult said.

23 October 2018 Business & Finance

For floating offshore wind to move forward from the current demonstration phase, the industry needs to be cost-competitive, according to Clement Mochet, Commercial Director at Vryhof.

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 (RVO.nl) said during the Offshore WIND Conference in Amsterdam.

13 July 2018 Business & Finance, Operations & Maintenance, R&D, Technology

The Danish Energy Agency has launched an updated levelized cost of energy (LCoE) calculator which shows that costs to build and operate an offshore wind farm in Denmark have declined by more than 30 per cent compared to previous projections.

3 July 2018 Business & Finance, R&D

Danish Energy Ministry has awarded EUR 3.8 million through the Energy Technology Development and Demonstration Programme (EUDP) to a consortium aiming to demonstrate how an industrialised suction bucket concept can cut foundation installation costs. 

19 June 2018 Business & Finance, Operations & Maintenance, R&D, Technology, Wind Farm Update

Some of the innovative elements introduced on the 28MW Nissum Bredning Vind offshore demonstrator site in Denmark have led to cost reductions of up to 30% compared to traditional elements, Siemens Gamesa said.

12 June 2018 R&D

The Centre for Offshore Foundations Systems (COFS) at the University of Western Australia has completed several series of tests on suction buckets, said to have shown the potential for further cost savings for the foundation concept.

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.

17 May 2018 Business & Finance, Wind Farm Update

Project costs of the two offshore wind farms wpd will build in Taiwan amount to EUR 4 billion, according to the latest news from the company, which aims to have closed agreements with manufacturers and suppliers for the Yunlin and Guanyin projects at the end of 2018.

21 March 2018 Authorities, Business & Finance, Grid Connection, R&D

The Swedish Energy Agency has, on behalf of the government, examined two different models to remove the grid connection costs for offshore wind power.

16 March 2018 Wind Farm Update

Mammoet today (16 March) released details about the installation of four offshore wind turbines at Nissum Bredning, saying the turbines had been erected efficiently and cost-effectively by excluding dredging, which would have been imperative at this shallow-water site if a conventional approach had been employed.

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.

7 December 2017 Ports & Logistics, R&D

BVG Associates (BVGA) has published an updated report on future costs of energy for offshore wind for InnoEnergy, examining how technology innovation is anticipated to reduce the cost of energy from European offshore wind farms up to 2030.

5 December 2017 Authorities, Business & Finance, R&D

Innovate UK has launched a funding competition to encourage innovation in infrastructure systems that provide critical services for economy, environment and society, including offshore wind.

28 November 2017 Grid Connection, Operations & Maintenance, R&D, Technology

The WindConnector concept -an offshore grid infrastructure solution that can transmit electricity generated by offshore wind farms and interconnect electricity markets in the North Sea - holds the potential to lower the cost of energy for consumers by reducing need for, and making more efficient use of, offshore grid infrastructure, according to a study carried out by Pöyry.

22 November 2017 Business & Finance, Vessels

Construction companies are building offshore wind farms two to three times faster than in the past and are helping offshore wind developers bring down the amount of subsidies needed for the projects to materialize, Pieter van Oord, Chief Executive Officer of Van Oord, said on the sidelines of the Offshore WIND Conference in Amsterdam.

20 November 2017 R&D

A new cost-model which can be used to benchmark costs on jacket foundations will be presented in early 2018, as one of the working groups within a Bladt Industries-led jacket foundation taskforce is now working on the cost-model.

16 November 2017 R&D, Technology

Providing offshore wind developers with the best modelling data possible in the early stages of project development translates into significant cost reductions, according to Dr. Thor Ugelvig Petersen, Head of Department Ports & Offshore Technology at DHI Group.

16 November 2017 Business & Finance

An initiative led by the East of England Energy Group (EEEGR) is investigating how to cut offshore wind costs even more by looking at how offshore services can be shared with the oil & gas sector, including supply vessels and helicopters, like in Dutch waters.

14 November 2017 Business & Finance

Production problems and cost overruns related to the Beatrice jacket foundations order are at the root of financial issues that the Scottish company BiFab is currently facing, resulting in its staff coming to work as usual despite the company having no money to pay their wages, just so the Beatrice order placed by Seaway Heavy Lifting (SHL) could be kept at BiFab.