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 Versus Solar in the Eastern US: An Unexpected Rivalry
Less than a decade ago, offshore wind energy and solar PV were similarly priced energy sources. Unsubsidized installed costs for both exceeded $5 per watt, or more than double that for land-based wind. Despite their cost, both technologies were seen as the best hopes for supplying urban centers with green power, especially in the BOSNYWASH (Boston-New York-Washington, DC) corridor of the eastern U.S. Retail energy prices in this corridor rank among the highest in North America, and lower cost energy from land-base...
South Fork Wind Farm (SFWF) - Case Study
The South Fork Wind Farm is a planned offshore wind farm located 30 miles east of Montauk that will consist of approximately 15 wind turbines and a subsea transmission system that will deliver energy to East Hampton, NY. Marine survey activities are scheduled to begin in Summer 2017. Marine construction is planned to start 2021. Overview The South Fork Wind Farm is a planned offshore wind farm located 30 miles east of Montauk that will consist of approximately 15 wind turbines and a subsea transmission system...
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...