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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.
The Swedish Energy Agency has, on behalf of the government, examined two different models to remove the grid connection costs for offshore wind power.
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.
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.
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.
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.
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.
The UK Department for Business, Energy & Industrial Strategy (BEIS) has published an independent review of energy costs, looking into reducing costs in the electricity supply chain.
Spain’s Ingeteam is working on a project to develop a new software tool to make it possible to calculate the optimal O&M strategies and reduce cost uncertainty of the operation of offshore wind farms, thereby opening up new market opportunities.
Offshore wind moving forward with cutting down the cost of energy brings both a certain risk to the developers and pressure on the supply chain. The industry needs to stand together with a joint aim to further reduce the price of offshore wind power, according to Lars Kristensen, Senior Vice President Wind & Renewable Energy at Bladt Industries. “We need also some pressure on us to bring down the costs.”
Wind measurement experts, gathered at a seminar hosted by Leosphere in June, claimed LiDAR is becoming the clear choice for bankable offshore wind measurements, saving millions on costs.
Offshore wind levelized costs will slide 71% by 2040, according to the latest long-term forecast from Bloomberg New Energy Finance (BNEF).