Search results for: costs

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A list of search results

  • 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 […]

  • 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 […]

  • 6 July 2011
    R&D, Technology

      The Carbon Trust Offshore Wind Accelerator is a £40m collaborative RD&D project to reduce the costs of offshore wind by 10%. Run in partnership with 8 developers that have 30GW of licensed development capacity in the UK the team is working across four key areas; foundations, access, electrical systems and array design. The team […]

  • 3 October 2012
    Grid Connection

    Danish marine technology company MacArtney has developed a wet-mate connector, which is a new way to connect and disconnect power. The wet-mate connector is a 1kV device that enables two power cables to be linked together underwater. According to, the project was successfully demonstrated and completed in April 2012. A MacArtney spokesman stated: “The […]

  • 28 March 2013
    Business & Finance, R&D

    The net support costs for society of offshore wind in Belgium is lower than in neighbouring countries. Gross income for the various projects also lies below the European average. This appears from a comparative report by an independent consultancy firm, 3 E, in which the various support systems of 6 European countries were compared. Pursuant […]

  • 7 February 2014
    R&D, Technology

    Sustainable Marine Energy and a team of academics headed by Dr Florent Trarieux, Lecturer in Offshore Engineering at Cranfield University have recently completed a 12 month project developing an innovative deployment platform, PLAT-O, that substantially reduces the cost and risks associated with deploying tidal energy devices. Dr Trarieux said: “The Low Carbon KEEP gave us […]

  • 13 April 2015
    Business & Finance, R&D

    At this year’s EWEA Offshore 2015 in Copenhagen, Gordon McFadzean represented TNEI where he was selected as a poster award winner in the “Grids” topic. His poster tackled Medium Voltage Direct Current technology for offshore wind farms. TNEI Services has been commissioned by Scottish Enterprise, which is working in partnership with SP Energy Networks (SPEN), […]

  • 9 October 2019

    Developing nearshore wind farms brings significant savings to the community compared to offshore wind projects located more than 20km from the coast, according to an analysis done by KPMG for the Danish HOFOR and European Energy A/S. According to the study, nearshore wind farms can help Denmark achieve a reduction of CO2 emissions by 70% […]

  • 17 February 2015
    Business & Finance

    ReportLinker has added a new report, named “The Future Cost of Wind Power : Capital costs, the levelized cost of electricity (LCOE), economics, costs and future outlook for wind power generation”, to its offering.  The report covers future cost of wind power generation and technology types that will be used, as well as its cost and […]

  • 8 May 2017
    R&D, Technology

    The Siemens-led research partnership in Denmark has demonstrated that there are significant benefits to gain from introducing a simpler plug-and-play connection for offshore wind turbines, reports. To improve offshore wind energy competitiveness, Siemens Wind Power, Øglænd System and ALL NRG are working on a project that seeks to reduce the cost of offshore transformer modules by […]

  • 22 February 2012

    A group of MPs has claimed the public sector should pay for the part of wave and tidal development costs to attract more investment, reports Scotsman. The House of Commons’ Energy and Climate Change Committee will call on the government to reduce the investment risk so that the UK can keep its leading position in […]

  • 28 April 2011

    Electricity from a wind farm planned for off of Block Island could come with a higher cost premium than previously estimated, according to National Grid. In a filing with the R.I. Public Utilities Commission, the utility said that depending on the forecasting model used, electricity from the Deepwater Wind farm would cost $409 million or […]

  • 20 September 2011
    Business & Finance

      Alstom and several prominent US-based research institutions have been awarded a $4.1 million grant from the U.S. Department of Energy (DOE) to research and develop advanced control systems and integrated innovative sensors that increase energy production and lower the capital cost of offshore wind turbines—especially those based on advanced floating substructures. The award was […]

  • 15 December 2010

    According to new reports from Renewable UK, the cost of technology must become cheaper in order for the UK to lower its carbon emissions. It… By Jason Drew (electric) [mappress] Source: electric, December 15, 2010

  • 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.

  • 12 October 2011
    Grid Connection, R&D, Technology

    The University of Houston will lead a public-private research team that has been awarded $3.1 million by the U.S. Department of Energy (DOE)… (thecypresstimes) [mappress] Source: thecypresstimes, October 12, 2011

  • 15 June 2017
    Business & Finance, Environment, R&D, Technology

    Offshore wind levelized costs will slide 71% by 2040, according to the latest long-term forecast from Bloomberg New Energy Finance (BNEF).

  • 13 June 2012

    Scotland is leading the way in driving down the costs of offshore wind, Energy Minister Fergus Ewing has told major industry conference. Scotland has a quarter of Europe’s offshore wind capacity and planned offshore wind projects in the country have the potential to produce up to 10GW of electricity by 2020. Speaking at the Global […]

  • 7 May 2015
    Business & Finance

    Siemens released its Q2 results today, which show that the conglomerate has faced losses in its wind and renewables division.  The company said that the ongoing high production and installation costs, as well as burdens related to inspecting and replacing main bearings, contributed to losses in this business unit. In addition, current period includes expenses for […]

  • 6 February 2015
    Authorities, R&D

    German Federal Government has entrusted Centre for Solar Energy and Hydrogen Research Baden-Württemberg (ZSW) and EWC Weather Consult GmbH with a research project that will develop more accurate wind power forecasts to reduce costs of the country’s energy transition.  It sometimes happens that, due to weather conditions, less wind or solar electricity is produced. In order […]

  • 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.

  • 10 December 2012

    In its World Energy Outlook 2012, the IEA (International Energy Agency) forecasts that renewables could “become the world’s second-largest source of power generation by 2015”. Governments throughout the world are trying to increase the share of renewables in their electricity generation portfolio both as a precaution against fluctuating prices for fossil fuels and for environmental […]

  • 6 October 2011
    Business & Finance

    The University of Delaware is coordinating six companies in a design effort to reduce the cost of energy and the time to deployment as well as attract investment in offshore wind power. With a $500,000 grant from the Department of Energy and an equal amount contributed by the companies, the consortium will design an integrated […]

  • 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 […]

  • 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 […]