UK energy and climate change secretary promises fully functioning green investment bank, carbon capture and storage (CCS) project and revival in offshore wind.
- Vital Efficienci Ltd.
- Spending review leaves DECC with the second biggest increase
Offshore wind costs and development risk
How procurement strategies, manufacturing costs and new technology stack up against development risk in Offshore Wind Projects. Offshore wind is changing, and it is changing for the better. In 2006, offshore wind deployment costs started rising significantly, from £1.5m/ MW, in 2016 prices, to over £4m/MW in 2012, without a clear indication as to what the price ceiling would be. There was an industry-wide realisation that a significant shift was necessary to avoid losing out on investments to alternati...
Wind power is about to get a whole lot cheaper
Wind energyis soaring around the world, thanks to technology advances and energy policies that have reduced its cost. And things are only going to get better — with prices dropping substantially by mid-century, according to a survey of 163 of the world’s leading wind energy experts. The results, published in the journal Nature Energy,suggest that the cost of electricity from wind could drop by 24–30 percent by 2030 relative to 2014 prices, and by 35–41 percent by 2050. The key driver of...
Offshore wind installation vessel capacity to tighten after 2020
The existing fleet of turbine and foundation installation vessels is well suited to serve the European offshore wind market in the short and mid-term but it will not be sufficient to support installation demand after 2020, Michael Guldbrandtsen, senior consultant at MAKE Consulting, told Wind Energy Update. The next 2-3 years will continue to be dominated by orders for jack-up installation vessels, according to Guldbrandtsen. Purpose-built jack-up vessels are well suited for turbine and foundation installation...
What’s the Future of R&D in the Wind Industry?
When the wind industry finally reacted to the world’s financial crisis—it didn’t fully hit us until 2010—at once, we lost both an incredibly vibrant global wind market and sufficiently robust profit margins. The market recovery is rebounding nicely now, thanks largely to government incentives, but profit margins will probably never fully recover—at least, not to the levels they were at leading into 2008. This will have an enormous and continuing impact on R&D. The year 2008 is...
Measuring Offshore Wind Resources
To select the right offshore wind site, estimate the future energy output of a wind farm, and determine the best layout for the turbines, project developers must conduct wind resource assessment (WRA) campaigns on site. This is a critical phase of the successful development of wind farms. WRA campaigns on terrestrial sites have traditionally been performed using meteorological towers equipped with wind and weather sensors, which record data for at least one year to help characterize long-term wind conditions. In...