Wind Onshore cost development. Philip Vogel; RWE Innogy GmbH

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Wind Onshore cost development. Philip Vogel; RWE Innogy GmbH"

Transcription

1 Wind Onshore cost development Philip Vogel; RWE Innogy GmbH

2 Expected LCOE developments of wind onshore Source: IEA The past and future cost of wind (2012) Source: Wiser et al. (2012) > IEA Meta-study (based on 18 separate studies) foresees significant reduction of Wind Onshore LCOE in the longer run (15-40% until 2030) from 2011 level > Potentials in cost reduction occur from Economies of scale in manufacturing from standardisation and automatisation Optimisation of turbine designs and control Application of light weighted materials (e.g. carbon fibre) Cost reduction due to increased competition in turbine and O&M markets Improved power electronics and conversion Relative reduction of Capex* and o&m-cost, increased reliability and load factors Absolute level of LCOE depends also on average wind speed. * Certain turbines itself will become cheaper; but in terms of LCOE it might be necessary to increase Capex in wind projects PAGE 2

3 Europe onshore wind turbine pricing Prices continue to vary significantly within the same year by vendor, market, and turbine. This is because turbine prices are usually contingent on several factors: Turbine model is a key determinant Two megawatt and larger machines as well as new roll-outs and turbines designed for lower-wind-speed sites and higher towers command higher prices. With European orders, it remains common for turbine prices to vary by machine size, illustrating a nonlinear price premium for higher-output machines. Country variations are key to supply agreements In supplying over 25 countries, all with varying market environments, turbine prices offered by turbine manufacturers vary significantly in Europe. Key levers for this variation include revenue levels, technology delivered, level of competition and transportation costs. Limited demand results in pressure on prices With 18 turbine manufacturers delivering to Europe, all of which have production capacity in the region (except Hyundai), lower and more concentrated demand has resulted in vendors reducing prices to capture orders and increase utilization rates of production facilities to avoid or delay downsizing. Source: IHS cera Global wind supply chain strategies PAGE 3

4 Technology suppliers aim at performance increase plus cost reduction Process cost optimisation Cost optimisation Capacity Rotor Hub height Change in Levelised Cost of Energy [ /MWh] Turbine performance optimisation Swept area per MW [m 2 /MW] Source: Nordex capital market day presentation 2011 PAGE 4

5 Increasing rotor diameter and hub heights lowers wind generation cost Rotor Diameter (m) > Captured Energy (E) of the turbine is increasing with the rotor diameter (D) exponentially and with the hub height due to increased average wind speed > However, also costs of the rotor and turbine are exponentially increased from increased diameter size and hub height (see graph below; source: Narasimalu/Funk) > Generally diameters/hub heights have increased significantly in recent years, hence revenue increase seems to be higher than cost increase > Furthermore, suppliers offer wider range of turbines with different combinations of rated capacity/ hub height and rotor diameter, which gives more flexibility in lowering LCOE of generation and optimisation of sites E = Captured Energy v =velocity of wind D = rotor diameter cp = efficiency of turbine (as function of v) Π = pi ρ = air density PAGE 5

6 Optimal siting Optimizing Capex cost vs. revenues by technology selection Marginal increase in Capex cost Marginal increase in Revenues (depending on site specific wind distribution) Economic Value per MWh Hub height/ diameter/ rated capacity > Generally it is tried to optimize the ratio between capex cost and discounted revenues > Optimal turbine for a site is given where marginal increase of capex equals marginal increase of revenues > This maximizes economic value per MWh or LCOE for a certain site > Taking different local characteristics into account different turbines are selected for different wind sites > Major issues are: Wind speed average and distribution Maximum load on turbine Subsidy scheme for revenues Regulation, e.g. constraints on hub heights, noise emission (see next slide) PAGE 6

7 Differences in wind sites lead to a range of turbines offered to the market Turbines not economic anymore Marginal increase in Capex cost Turbine range offered in market Turbines not yet economic Marginal increase in Revenues (depending on site specific wind distribution) Hub height/ diameter/ rated capacity > Different turbines are optimal for different sites. This explains wide range of turbines offered to the market and used by Operators > Very large turbines are too expensive and capex cost out-level increase in revenues (so far). Hence, they are often not used (yet) > Very small turbines are not state of the art and there exist functioning alternatives with better revenue/ capex ratio > However, in older wind farms older technologies are often still in place often with higher fixed subsidies, which explain continuation of operation PAGE 7

8 Optimal siting Optimizing capex vs. revenues by technology selection with constraints and subsequent tender Constraining site conditions: grid; noise; hub height Optimal wind turbine design Marginal increase in Capex cost Marginal increase in Revenues (depending on site specific wind distribution) Economic Value per MWh Hub height/ diameter/ rated capacity > Development is trying to optimize ratio of capex and NPV of future returns in order to maximize economic value of a project > Furthermore, constraining site parameters need to be taken into account, which limit the potential for economic optimisation Grid connection points Regulation of noise Regulation of hubheight Environmental regulation etc. > Constraints usually increase the LCOE of a project and limit potential for optimisation Identification of optimal possible turbine design for site Screening of target suppliers for suitable turbines PAGE 8

9 Offered range of turbines is changing with technical progress in the industry Marginal increase in Capex cost old Technical Innovation Marginal increase in Revenues (depending on site specific wind distribution) > During the last years, offered turbines have changed significantly and new prototypes were getting onto the market frequently (until now) Hub height/ diameter/ rated capacity Old Turbine range offered in market New Turbine range offered in market PAGE 9

10 Example for turbine design performance increase Hubheight Rotor - capacity - hub height m-3.0MW-80m m-3.2MW-140m m-2,3MW-80m 75 82m-2,3MW-140m 50 82m-3,0MW-80m m-2,4MW-140m 20% 25% 30% 35% 40% 45% 50% Loadfactor bubble size = swept area Assumptions on wind value dimension Weibull-A-Parameter 7 m/sec Weibull-k-Parameter 3 - average wind speed 80 m 6.3 m/sec > Using a simplified example for available turbines at different hub heights/ rotor diameter and rated capacity on the same site shows significant differences of load factors (or full load hours) > Local inefficiencies are not considered here, which might reduce the output of a turbine significantly, e.g. turbulence and wake effects > This alone is no indication for improved economics in low wind areas air density kg/m 3 average wind speed 140 m 7.2 m/sec Efficiency of wind turbines Cp manufacturer data depending on wind speed % PAGE 10

11 Capex increase but LCOE decrease LCOE /MWh Optimal turbine with lowest LCOE* > Optimal turbine for example is with high hub height, large rotor diameter and smaller rated capacity (pink data) > Lowest LCOE are associated with higher Capex cost, which are more than outlevelled by increase in returns > This does not necessarily hold true for all wind sites > Results indicate that newer turbines at low wind sites (~6,5m/sec) could become even cheaper than conventional generation Invest cost /kw (assumptions) Further economic parameters Opex cost 38.7 /KW Availability 97 % Inefficiencies via turbulence, wake effect etc. 10 % Lifetime 20 a Assumed Interest rate 7 % * This might look different for other wind sites/ distributions; it also is driven by assumptions on CAPEX/ which might differ significantly. PAGE 11

12 Hubheight Backup: Smaller turbine less energy but larger load factor ??? % 23% 28% ( ) MMM = 5826 MM (3 2,3) = 6% 23% 3 Energy [MWh] Loadfactor Fullload hours [MWh/MW] Rotor - capacity - hub height bubble size = swept area Increase in energy Increase in capacity Load factor [Flh/8760] 82m-2,3MW-80m 82m-3,0MW-80m Larger turbine leads to relative decrease of Output despite increasing output Specific Capex [ /kw] LCOE [ /MWh] 82m-3,0MW-80m ,17% m-2,3MW-80m ,19% > Building a turbine with lower rated capacity but same design, results in decrease of produced energy as absolute measure, because in high wind situations less is produced > However, the load factor/ fullloadhours are a relative measure and energy produced is only part of the enumerator. At the same time rated capacity is the denominator > If the reduction of the denominator is larger than the decrease of the enumerator, the fulload hours/load factor as relative measure is increasing which might not seem intuitive on first thought > Turbines are not optimal if they maximize MWh, they are optimal if they minimize the specific cost of generating one MWh at a site ( optimal siting) > Smaller generators are cheaper and if load factor is increasing by reducing rated capacity, LCOE are also decreasing PAGE 12

13 Backup: Turbine design affects generation profile Hubheight ,00% 30,00% 35,00% 40,00% 45,00% Loadfactor Wind generation duration curve Partially smoother generation More generation Rotor - capacity - hub height h 82m-2,3MW-80m bubble size = swept area 117m-2,4MW-140m 82m-2,3W-80m 117m-2,4MW-140m No firm capacity independent of design > Improving hub height increases wind speed and rotor diameter increases captured wind energy - in total increasing energy generation > Meanwhile there are always periods with no or almost no wind, hence improved design is not increasing the capacity credit/ secured capacity of wind power > In this example production is smoother in windy situations and incremental changes in wind generation are lowered sometimes (at least in this example) > By increasing hub height and rotor and capacity, the production duration curves are not fully comparable, because average wind is increasing etc. PAGE 13

14 Optimal siting Different technology designs for different wind speed sites Probability Potential wind distributions > Some turbines are extra designed for sites with lower wind speeds > They offer higher efficiency during periods of lower wind speeds > Despite, lower maximum rated capacity (kw) the green curve might yield higher energy returns (kwh) than the red curve if the green wind probability density is considered > There is no turbine that fits to all sites, local measurement on wind distribution is necessary > Optimisation is done site specific during development of projects > No manufacturer offers turbines suitable for all wind sites, hence several suppliers are needed for developing a wider range of wind projects Wind in m/s PAGE 14

15 Annex: Offshore PAGE 15

16 New projects will be in deeper water and further from shore Distance to shore and water depths pose additional challenges Avg. water depth [m] X Commercial Pioneer phase 5 Beatrice Field 7 6 Dan-Tysk 8 Gode Wind Alpha Ventus Belwind Hochseewindpark De Dreiht Amrum Thanet Sheringham Bank West Princess Côte d'albâtre Shoal Amalia (Q7) 1 Rhyl Flats 6 Butendiek Barrow Egmond aan Zee 4 Samso 2 North Hoyle 7 Baltic 1 London Array Lynn & Inner 3 Dowsing Lincs Horns Rev 2 Lillgrund 3 Gwynt y Môr 8 Rød- 1 2 Horns Rev sand II Nysted Nordergründe 4 Triton Knoll 9 Gunfleet Sands Robin Rigg Scroby Sands Burbo Bank 5 Greater Gabbard Kentish Flats Arklow Bank Bard Offshore 1 Nordsee Ost Thornton Bank Sandbank 24 Global Tech 1 Innogy Nordsee Distance to shore [km] Hochsee Windpark Nordsee Albatros 9 Dogger Bank [125 km] Wind farms in operation Planned projects Projects with RWE participation PAGE 16

17 Bigger, deeper, further offshore an inevitable path forward RWE Innogy s stepwise approach to reduce execution risk Pipeline Under Construction Operational Gravity Jacket Monopile North Hoyle MW 7 11m depth Rhyl Flats MW 10 15m depth Gwynt y Môr MW 12 28m depth Greater Gabbard MW 25 30m depth Thornton Bank MW 12 25m depth Nordsee Ost MW 22 26m depth Dogger Bank MW m depth North Hoyle 7km Rhyl Flats 8km Gwynt Y Môr 13km Greater Gabbard 25km Thornton Bank 30km Nordsee Ost 45km 1 Dogger Bank 125km PAGE 17

18 Cost reductions to be expected for: foundations Serial production of foundations leads to reduced prices and faster production Optimised designs for various foundations types (monopiles, jackets, gravity foundations etc.) reduce prices (e.g. due to lesser steel requirements) Alignment of German industry regulations with international regulations would lead to significant reductions of foundation costs (e.g. due to less strict requirements regarding steel thicknesses 1 ) 1 Comparing weights and thus costs of 48 jacket foundations at Nordsee Ost (built according to German regulations) and at Thornton Bank (built according to international regulations) shows the effect. Given similar average water depths (Nordsee Ost: 23m, Thornton Bank: 18m) and comparable soil conditions the average weight of a Thornton Bank jacket is only 500t whereas the average weight of a Nordsee Ost jacket is 600t and thus 20% above the weight of the jacket built according to international regulations. PAGE 18

19 Cost reductions to be expected for: O&M Increased in-house activities regarding O&M for offshore wind farms will partly or fully replace costly O&M contacts with turbine manufacturers Geographical clusters for offshore wind farms (e.g. off the coast of North Wales: North Hoyle, Rhyl Flats, Gwynt y Môr) create synergies for O&M activities Increased reliability of components (turbines, foundations, substations etc.) reduces numbers of arduous and expensive offshore service activities Increased rated power of turbines means a reduced number of turbines to be maintained without reducing the capacity of the wind farm PAGE 19

20 Cost reductions with 2020 target level of 120/MWh in mind UK industry task force has shown development paths to achieve a LCOE 1 level of 120/MWh by 2020 reduction in the range of 30% required Average LCOE [ /MWh] Offshore development path Approx. range CCGT (depends on gas & CO 2 price) Main cost reduction drivers > Cost reduction turbines > Design & cost improvements foundations > Advanced O&M solutions and increased reliability Large hydro Onshore wind Large PV Southern Europe 1 LCOE: Levelised cost of energy including development and capital expenditure Data source: Desertec Initiative 2011; RWE 2012 PAGE 20

The installation and servicing

The installation and servicing European Forum for Renewable Energy Sources The installation and servicing of offshore wind farms Kaj Lindvig, CSO, A2SEA A/S 16 th September 2010 A2SEA Started 1 st July 2000 100% dedicated offshore wind

More information

Rising to the Offshore Challenge Offshore Siemens Wind Power A/S, Brande, Denmark

Rising to the Offshore Challenge Offshore Siemens Wind Power A/S, Brande, Denmark Rising to the Offshore Challenge Offshore Siemens Wind Power A/S, Brande, Denmark Content Siemens Wind Power A/S, Offshore Business Segment Our Performance Our Market Perspectives Common Challenges Our

More information

Cost Benefit Methodology for Optimal Design of Offshore Transmission Systems

Cost Benefit Methodology for Optimal Design of Offshore Transmission Systems DTI Centre for Distributed Generation and Sustainable Electrical Energy Cost Benefit Methodology for Optimal Design of Offshore Transmission Systems Predrag Djapic and Goran Strbac Annex 25: Grid Integration

More information

Introduction to Green Giraffe Energy Bankers. January 2013

Introduction to Green Giraffe Energy Bankers. January 2013 Introduction to Green Giraffe Energy Bankers January 2013 A specialist advisory boutique focused on renewable energy At the heart of the energy transition Deep roots in renewable energy finance Launched

More information

Design of Offshore Wind Farms Prepared by Flemming Jakobsen & Andrass Ziska Davidsen LICENGINEERING A/S

Design of Offshore Wind Farms Prepared by Flemming Jakobsen & Andrass Ziska Davidsen LICENGINEERING A/S Design of Offshore Wind Farms Prepared by Flemming Jakobsen & Andrass Ziska Davidsen Types of Foundations Overview of selected support structure and foundation types. From top left: 1. Monopile; 2. Tripod;

More information

TRACKRECORD. Transport and Installation - Offshore Wind Turbines. Photo: Tony West/Vattenfall March 2011; SEA JACK at Ormonde Offshore Wind Farm

TRACKRECORD. Transport and Installation - Offshore Wind Turbines. Photo: Tony West/Vattenfall March 2011; SEA JACK at Ormonde Offshore Wind Farm TRACKRECORD - Offshore Wind Turbines Photo: Tony West/Vattenfall March 2011; at Ormonde Offshore Wind Farm United Kingdom Westermost Rough UPCOMING PROJECT Transport and installation of 36 Siemens 6MW

More information

Supporting a globally competitive Scotland. Offshore Wind Key Facts

Supporting a globally competitive Scotland. Offshore Wind Key Facts Supporting a globally competitive Scotland Offshore Wind Key Facts Offshore Wind Key Facts Contents 3 The Offshore Wind Opportunity 4 Offshore Wind Licensing Round 3 Round 3 Offshore Wind Zones and Developers

More information

OFFSHORE WIND TOWARD 2020 ON THE PATHWAY TO COST COMPETITIVENESS

OFFSHORE WIND TOWARD 2020 ON THE PATHWAY TO COST COMPETITIVENESS 1 OFFSHORE WIND TOWARD 2020 ON THE PATHWAY TO COST COMPETITIVENESS April 2013 Contents A B C Offshore market volume of EUR 130 bn by 2020 Agenda 2020 Markets Trends Competition Page 3 Value chain evaluation

More information

VISION MISSION ABOUT A2SEA. Stay ahead in taking wind power offshore and the future of energy in a sustainable direction.

VISION MISSION ABOUT A2SEA. Stay ahead in taking wind power offshore and the future of energy in a sustainable direction. COMPANY BROCHURE ABOUT A2SEA VISION Stay ahead in taking wind power offshore and the future of energy in a sustainable direction. MISSION To provide the offshore wind industry with safer, sustainable,

More information

Nordex SE. Nordex goes Offshore

Nordex SE. Nordex goes Offshore Nordex SE Nordex goes Offshore Hannover, April 2011 Content 1. Offshore Wind Market 2. Nordex Offshore History & Future 3. Competition & Technical Development 4. The N150/6000 2 Strong growth prospects

More information

WIND ENERGY - THE FACTS PART III THE ECONOMICS OF WIND POWER

WIND ENERGY - THE FACTS PART III THE ECONOMICS OF WIND POWER WIND ENERGY - THE FACTS PART III THE ECONOMICS OF WIND POWER Acknowledgements Part III was compiled by Poul Erik Morthorst of Risǿ DTU National Laboratory, Technical University of Denmark; Hans Auer of

More information

COOLING SOLUTIONS WIND

COOLING SOLUTIONS WIND NISSENS COOLING SOLUTIONS COOLING SOLUTIONS WIND www.nissens.com DELIVERING THE DIFFERENCE Our passion for cooling and climate solutions is fundamental to promote our customers growth and success. Nissens

More information

Offshore Grids in the North Sea? Long-Term Hopes and Short-Term Reality Discussion

Offshore Grids in the North Sea? Long-Term Hopes and Short-Term Reality Discussion 1. March 2012 Offshore Grids in the North Sea? Long-Term Hopes and Short-Term Reality Discussion Prof. Dr. Christian von Hirschhausen - 0 - Main Theses 1. There may be risk that Germany falls behind the

More information

Installation, future demands for recruitment and competencies. Speaker: Hans Schneider Date: 4 April 2013

Installation, future demands for recruitment and competencies. Speaker: Hans Schneider Date: 4 April 2013 Installation, future demands for recruitment and competencies 1 Speaker: Hans Schneider Date: 4 April 2013 Chief Operating Officer, A2SEA A/S Hans Schneider, COO PROFESSIONAL EXPERIENCE Chief Operating

More information

East of England Energy Group, All Energy Summer Conference th July 2012 Trinity Park, Ipswich Suffolk

East of England Energy Group, All Energy Summer Conference th July 2012 Trinity Park, Ipswich Suffolk DONG 85/15 Energy Tim Johnson Procurement & Contracts Manager DONG Energy Wind Power East of England Energy Group, All Energy Summer Conference 2012 11 th July 2012 Trinity Park, Ipswich Suffolk DONG Energy

More information

DONG Energy. Expansion of offshore wind power in Germany. 02. December 2013

DONG Energy. Expansion of offshore wind power in Germany. 02. December 2013 DONG Energy offshore wind power 02. December 201 Safety Briefing the safe way or no way ONLY Floor Emergency Exits Stairway Große Elbstraße / Street Emergency Exits Stairway Emergency Exits Stairway Emergency

More information

Dansk Offshore Netværk, Lindø Industripark, 21. April 2015 The Road to Below 10 ct /kwh

Dansk Offshore Netværk, Lindø Industripark, 21. April 2015 The Road to Below 10 ct /kwh Dansk Offshore Netværk, Lindø Industripark, 21. April 2015 The Road to Below 10 ct /kwh, Head of Cost of Energy Siemens AG, Wind Power and Renewables Answers for energy. Introduction Siemens Wind Power

More information

Nordex SE. Capital Markets Day Products & Sales - Lars Bondo Krogsgaard

Nordex SE. Capital Markets Day Products & Sales - Lars Bondo Krogsgaard Nordex SE Capital Markets Day Products & Sales - Lars Bondo Krogsgaard Rostock, 13 October 2011 SUMMARY The situation in the wind industry has changed: Attractive medium-term growth prospects Overcapacity

More information

Supply Chain Opportunities and Management of Risk. Ian McCarlie

Supply Chain Opportunities and Management of Risk. Ian McCarlie Supply Chain Opportunities and Management of Risk Ian McCarlie Supply Chain Opportunities and Management of Risk INTRODUCTION Supply Chain Opportunities and Management of Risk I see offshore wind as a

More information

World Offshore Wind Market and challenges ahead

World Offshore Wind Market and challenges ahead World Offshore Wind Market and challenges ahead 5-6 May 2010 Hamburg Offshore Wind Conference Andrew Henderson, GL Garrad Hassan 1 World Offshore Wind Market and Challenges Ahead Current Status & European

More information

Employment in OWE in NL, 2010

Employment in OWE in NL, 2010 Employment in OWE in NL, 2010 Exploitation and O&M R&D Project Development Construction Agentschap NL, 2011 Hollands Glorie in Offshore Wind NOG NIET VOLLEDIG Dutch companies and knowledge institutions

More information

DONG Energy offshore wind experience

DONG Energy offshore wind experience DONG Energy offshore wind experience Future Tendering Process for Offshore Wind Energy February 10th 2011 Per Hjelmsted Pedersen Head of Project Development DONG Energy Renewables DONG Energy Renewables

More information

Wind Turbine Power Calculations

Wind Turbine Power Calculations Wind Turbine Power Calculations RWE npower renewables Mechanical and Electrical Engineering Power Industry INTRODUCTION RWE npower is a leading integrated UK energy company and is part of the RWE Group,

More information

EXPERIENCE WITH DP-SYSTEMS ON BOARD

EXPERIENCE WITH DP-SYSTEMS ON BOARD EXPERIENCE WITH DP-SYSTEMS ON BOARD SPEAKERS Head of Fleet, Ulla Bjørndal Møller & Development Manager Jesper Tang Kristensen Master Mariner, MSc in Maritime Technology Naval Architect Who is A2SEA? What

More information

Profile. Offshore Wind Projects. Sustainable EPC and Marine Contractors

Profile. Offshore Wind Projects. Sustainable EPC and Marine Contractors Profile Offshore Wind Projects Sustainable EPC and Marine Contractors Offshore Pipeline Installation Svanen, heavy lift installation vessel Company profile Van Oord is a pre-eminent contractor for dredging,

More information

Dutch wind energy strength

Dutch wind energy strength Dutch wind energy strength Chris Westra (senior consultant ECN) (general manager We@Sea) www.we-at-sea.org www.ecn.nl www.haveneilandopzee.nl 2010 The start in 1972 here we are now: 2010 Drivers for offshore

More information

UK content analysis of Robin Rigg Offshore Wind Farm operations and maintenance

UK content analysis of Robin Rigg Offshore Wind Farm operations and maintenance UK content analysis of Robin Rigg Offshore Wind Farm operations and maintenance Subtitle A report commissioned by E.ON Climate & Renewables July 2012 Document history Revision Purpose and description Originated

More information

Offshore Wind Maturation of a success story. 1. Dez 2011

Offshore Wind Maturation of a success story. 1. Dez 2011 Offshore Wind Maturation of a success story 1. Dez 2011 Generation Table of Contents Who is Dong Energy Renewables? What does the Offshore Wind Industry do? What are the key Challenges? What will the future

More information

Offshore Wind: some of the Engineering Challenges Ahead

Offshore Wind: some of the Engineering Challenges Ahead Offshore Wind: some of the Engineering Challenges Ahead David Infield CDT in Wind Energy Systems Institute of Energy and Environment University of Strathclyde International context (from IPCC report) Greenhouse

More information

Offshore Wind Power for a sustainable energy mix

Offshore Wind Power for a sustainable energy mix Offshore Wind Power for a sustainable energy mix CEO EMEA Offshore, Siemens Wind Power Energy Sector, Siemens AG Page 1 September 20, 2012 Siemens Siemens AG, 2012 AG Wind Power Division at a glance Wind

More information

OFFSHORE WIND ENERGY IS GETTING CHEAPER

OFFSHORE WIND ENERGY IS GETTING CHEAPER OFFSHORE WIND ENERGY IS GETTING CHEAPER Market foresight and scale drive the cost down Dansk Energi, January 14, 2016 Sune Strøm, Manager, Regulatory Affairs Wind Power Offshore wind is closing in on the

More information

World s 2nd largest offshore wind farm Gwynt y Môr officially inaugurated

World s 2nd largest offshore wind farm Gwynt y Môr officially inaugurated Press by Siemens, RWE and Mostyn, Wales, June 18, 2015 World s 2nd largest offshore wind farm Gwynt y Môr officially inaugurated RWE, and Siemens share 2billion investment 160 wind turbines, sub-stations

More information

A Study into the Economics of Gas and Offshore Wind. A report for Greenpeace and WWF-UK

A Study into the Economics of Gas and Offshore Wind. A report for Greenpeace and WWF-UK A Study into the Economics of Gas and Offshore Wind A report for Greenpeace and WWF-UK November 2012 Cambridge Econometrics Covent Garden Cambridge CB1 2HT Tel 01223 533100 (+44 1223 533100) Fax 01223

More information

Electricity Generation Costs

Electricity Generation Costs October 2012 Introduction Electricity generation costs are a fundamental part of energy market analysis, and a good understanding of these costs is important when analysing and designing policy. DECC regularly

More information

Far and Large Offshore Wind innovation program (FLOW) Presentatie IRO CEDA. Ernst van Zuijlen, 9 maart 2010, Den Haag

Far and Large Offshore Wind innovation program (FLOW) Presentatie IRO CEDA. Ernst van Zuijlen, 9 maart 2010, Den Haag Far and Large Offshore Wind innovation program (FLOW) Presentatie IRO CEDA Ernst van Zuijlen, 9 maart 2010, Den Haag Windenergie op zee is mooi! The Founding Fathers of FLOW WIND FARM DEVELOPMENT AND OPERATION

More information

JEDI Capital Expenditure Update

JEDI Capital Expenditure Update JEDI Capital Expenditure Update U.S. Offshore Wind Market and Supply Chain Workshop Presented by Aaron Smith National Renewable Energy Laboratory Brent Cooper Ocean & Coastal Consultants, Inc. 2014 Navigant

More information

The European offshore wind industry key trends and statistics 2015. February 2016. A report by the European Wind Energy Association

The European offshore wind industry key trends and statistics 2015. February 2016. A report by the European Wind Energy Association The European offshore wind industry key trends and statistics 2015 February 2016 A report by the European Wind Energy Association Contents Contents Executive summary 3 Annual market in 2015 4 Cumulative

More information

Integrating End-User and Grid Focused Batteries and Long-Term Power-to-Gas Storage for Reaching a 100 % Renewable Energy Supply

Integrating End-User and Grid Focused Batteries and Long-Term Power-to-Gas Storage for Reaching a 100 % Renewable Energy Supply Integrating End-User and Grid Focused Batteries and Long-Term Power-to-Gas Storage for Reaching a 100 % Renewable Energy Supply M. Hlusiak, Ch. Breyer 7 th International Renewable Energy Storage Conference

More information

Technology. Anders Vedel Executive Vice President & CTO

Technology. Anders Vedel Executive Vice President & CTO Technology The introduction of the V136-3.45 MW turbine as well as various other upgrades once again proves our ability to develop very competitive offerings based on our existing product portfolio and

More information

6 Oktober 2010... KIVI Niria congres Offshore Wind De uitdaging. Eneco wind. Ernst van Zuijlen

6 Oktober 2010... KIVI Niria congres Offshore Wind De uitdaging. Eneco wind. Ernst van Zuijlen 6 Oktober 2010... KIVI Niria congres Offshore Wind De uitdaging Eneco wind Ernst van Zuijlen Eneco Targets... Maximise the use of renewable energy 2012: 25% of electricity produced sustainable (50% wind)

More information

Power output of offshore wind farms in relation to atmospheric stability Laurens Alblas BSc

Power output of offshore wind farms in relation to atmospheric stability Laurens Alblas BSc Power output of offshore wind farms in relation to atmospheric stability Laurens Alblas BSc Photo: Vestas Wind Systems A/S 1 1. Introduction Background Atmospheric stability is known to influence wind

More information

European Subsea Cable Report & Forecast 2015-2025

European Subsea Cable Report & Forecast 2015-2025 European Subsea Cable Report & Forecast 2015-2025 J/15/1226 May 2015 4C Offshore - OrbisEnergy Centre, Lowestoft, NR32 1XH T: +44 (0)1502 307 037 E: info@4coffshore.com Table of Contents 1. Executive Summary

More information

Physical Modeling and CFD Simulation of Wave Slamming on Offshore Wind

Physical Modeling and CFD Simulation of Wave Slamming on Offshore Wind Physical Modeling and CFD Simulation of Wave Slamming on Offshore Wind Turbine Structures Arndt Hildebrandt d Franzius-Institute for Hydraulic, Waterways, and Coastal Engineering Slide 0 Overview: Potential

More information

INSTALLATION and LOGISTICS of OFFSHORE WIND FARMS

INSTALLATION and LOGISTICS of OFFSHORE WIND FARMS POWER Offshore Summer School 2006 INSTALLATION and LOGISTICS of OFFSHORE WIND FARMS Gerard van Bussel The Netherlands Offshore transport and installation vessels Semi Submersible Sheer leg crane Ship type

More information

QUALITY CONTROL Prepared: V. van Gastel / team TenneT Reviewed: M. Müller 23.06.2015 Approved: F. Wester 23.06.2015 1. BACKGROUND MATERIAL...

QUALITY CONTROL Prepared: V. van Gastel / team TenneT Reviewed: M. Müller 23.06.2015 Approved: F. Wester 23.06.2015 1. BACKGROUND MATERIAL... POSITION PAPER STAKE HOLDER CONSULTATION PROCESS OFFSHORE GRID NL Type: Position paper Work stream Technical Topic: T.2 Number of J-Tubes Filename ONL 15-060-T2_ J tubes_ bays_pp_v2 Version 3 - Public

More information

QUALITY OF WIND POWER. How does quality affect the cost of electricity generation from wind power?

QUALITY OF WIND POWER. How does quality affect the cost of electricity generation from wind power? QUALITY OF WIND POWER How does quality affect the cost of electricity generation from wind power? QUALITY OF WIND POWER Wind power is a cornerstone in the green transition of the power sector, and onshore

More information

The European offshore wind industry - key trends and statistics 1st half 2013

The European offshore wind industry - key trends and statistics 1st half 2013 The European offshore wind industry - key trends and statistics 1st half 2013 1 Mid-Year European offshore wind energy statistics In the first six months of 2013, Europe fully grid connected 277 offshore

More information

Case Study 5 Use of Wind Turbine Technology

Case Study 5 Use of Wind Turbine Technology Case Study 5 Use of Wind Turbine Technology 1. Context Hong Kong relies on an adequate and reliable electricity supply for its economic development. Our electricity needs are met by the two electricity

More information

Towering reliability in steel constructions

Towering reliability in steel constructions Towering reliability in steel constructions Leaders in Wind Towers E-Towers Famaba: Construction of Wind Towers Specialty in steel towers With a team of 300 dedicated steelworkers, we focus on the production

More information

OFFSHORE WIND TECHNOLOGY OVERVIEW NYSERDA PON 995, Task Order No. 2, Agreement No. 9998

OFFSHORE WIND TECHNOLOGY OVERVIEW NYSERDA PON 995, Task Order No. 2, Agreement No. 9998 OFFSHORE WIND TECHNOLOGY OVERVIEW NYSERDA PON 995, Task Order No. 2, Agreement No. 9998 For the Long Island New York City Offshore Wind Collaborative Submitted By: AWS Truewind, LLC 463 New Karner Road

More information

OFFSHORE WIND POLICY AND MARKET ASSESSMENT A GLOBAL OUTLOOK

OFFSHORE WIND POLICY AND MARKET ASSESSMENT A GLOBAL OUTLOOK EUROPEAN UNION OFFSHORE WIND POLICY AND MARKET ASSESSMENT A GLOBAL OUTLOOK The European Union is a unique economic and political partnership between 28 European countries. In 1957, the signature of the

More information

STATUS OF OFFSHORE WIND ENERGY DEVELOPMENT IN GERMANY

STATUS OF OFFSHORE WIND ENERGY DEVELOPMENT IN GERMANY On behalf of: Deutsche WindGuard GmbH - Oldenburger Straße 65-26316 Varel - Germany +49 (0)4451 9515-0 - info@windguard.de - www.windguard.com Additional [MW] Cumulative [MW] Cumulative (31.12.) Additions

More information

The Open University s repository of research publications and other research outputs

The Open University s repository of research publications and other research outputs Open Research Online The Open University s repository of research publications and other research outputs Offshore wind: the potential to contribute a quarter of UK electricity by 2024 Journal Article

More information

Siemens Wind Power Division

Siemens Wind Power Division Erhvervs-, Vækst- og Eksportudvalget 2011-12 ERU alm. del Bilag 254 Offentligt Siemens Wind Power Division Michael Hannibal CEO Offshore, Business Unit EMEA EKF 2 May 2012 Siemens AG 2012 Siemens Global

More information

Transforming RWE. Essen, 01 Dec 2015. Peter Terium Chief Executive Officer. Stephan Lowis Vice President Investor Relations

Transforming RWE. Essen, 01 Dec 2015. Peter Terium Chief Executive Officer. Stephan Lowis Vice President Investor Relations Transforming RWE Essen, 01 Dec 2015 Peter Terium Chief Executive Officer Bernhard Günther Chief Financial Officer Stephan Lowis Vice President Investor Relations Forward Looking Statement This presentation

More information

Reasons for optimism: Grid Parity for renewable energy sources. Chris Goodall

Reasons for optimism: Grid Parity for renewable energy sources. Chris Goodall Reasons for optimism: Grid Parity for renewable energy sources Chris Goodall www.carboncommentary.com Chris@carboncommentary.com +44 7767 386696 Four (unrelated) working assumptions 1. Grid Parity in the

More information

WV Energie AG Offshore Wind Power. July 13

WV Energie AG Offshore Wind Power. July 13 WV Energie AG Offshore Wind Power July 13 WV Energie AG: Facts & Figures A joint venture of (primarily) municipal companies in Germany Founded in: 1904 Legal Form: Stockholders: Headquarters: Turnover*:

More information

Cost Reduction Monitoring Framework

Cost Reduction Monitoring Framework Cost Reduction Monitoring Framework Summary Report to the Offshore Wind Programme Board February 2015 Foreword The Offshore Wind Industry Council (OWIC) approved the Cost Reduction Monitoring Framework

More information

Forces on Large Steam Turbine Blades

Forces on Large Steam Turbine Blades Forces on Large Steam Turbine Blades RWE npower Mechanical and Electrical Engineering Power Industry INTRODUCTION RWE npower is a leading integrated UK energy company and is part of the RWE Group, one

More information

Wind Energy What is Wind Energy?

Wind Energy What is Wind Energy? Wind Energy What is Wind Energy? People have known how to make use of energy from the wind for centuries. The kinetic energy of the wind can be changed into other forms of energy, either mechanical energy

More information

FINDING YOUR CHEAPEST WAY TO A LOW CARBON FUTURE. The Danish Levelized Cost of Energy Calculator

FINDING YOUR CHEAPEST WAY TO A LOW CARBON FUTURE. The Danish Levelized Cost of Energy Calculator FINDING YOUR CHEAPEST WAY TO A LOW CARBON FUTURE The Danish Levelized Cost of Energy Calculator Low carbon transition is a multifaceted challenge involving political, technical and economic elements. Denmark

More information

Simplified Design as Secret to higher Performance: Siemens Direct Drive Technology

Simplified Design as Secret to higher Performance: Siemens Direct Drive Technology Simplified Design as Secret to higher Performance: Siemens Direct Drive Technology Formatvorlage Gunnar Liehr, Head des Untertitelmasters of Sales Wind Power durch Region Klicken Central bearbeiten siemens.at/future-of-energy

More information

Siemens Wind Power Division

Siemens Wind Power Division Company Presentation, E W FY2014 siemens.com/energy Wind Power Division Key figures for fiscal year 2014 Key figures for first half-year 2014 New Orders 3''937 Revenue 2''466 Division Profit 13' (in millions

More information

Annex B: Strike price methodology July 2013

Annex B: Strike price methodology July 2013 July 2013 URN 13D/189 Contents Introduction... 3 Overview of methodology for deriving a CfD strike price... 3 Strike Prices during the cross-over period with the RO (2014/15 2016/17)... 4 Comparison of

More information

Impact of Tilt Angle on System Economics for Area Constrained Rooftops

Impact of Tilt Angle on System Economics for Area Constrained Rooftops Impact of Tilt Angle on System Economics for Area Constrained Rooftops by Matthew Culligan and Jonathan Botkin 2007 EXECUTIVE SUMMARY Traditional practice in Europe has focused on maximizing output at

More information

WIND ENERGY Roadmap 1.

WIND ENERGY Roadmap 1. WIND ENERGY Roadmap 1. Introduction to the Wind Energy Roadmap to 25 The development of renewable energy, including both offshore and onshore wind, is central to our energy policy. 2. Energy derived from

More information

European offshore wind market. December 2012

European offshore wind market. December 2012 European offshore wind market December 2012 Investment drivers Offshore wind Investor snapshot Offshore wind has strong underlying investment drivers 1 Offshore wind is an established, maturing \ asset

More information

E.ON Climate & Renewables Our Wind Energy Business

E.ON Climate & Renewables Our Wind Energy Business E.ON Climate & Renewables Our Wind Energy Business 1 2 E.ON is a leading investor-owned energy solutions provider with annual sales of 122.5 billion and more than 62,000 employees. Backed by world-class

More information

OFFSHORE WIND PROCUREMENT

OFFSHORE WIND PROCUREMENT OFFSHORE WIND PROCUREMENT Raymond Cravitz Procurement Manager 17 09 2015 Irish Sea DONG Energy is a leading energy group in Northern Europe Overview #1 in Danish energy markets Global leader in offshore

More information

De Industrie. KIvI Niria Jaarcongres 2010. De uitdagingen voor windenergie op zee. Ballast Nedam Offshore. Dolf Elsevier van Griethuysen

De Industrie. KIvI Niria Jaarcongres 2010. De uitdagingen voor windenergie op zee. Ballast Nedam Offshore. Dolf Elsevier van Griethuysen KIvI Niria Jaarcongres 2010 De uitdagingen voor windenergie op zee De Industrie Ballast Nedam Offshore Dolf Elsevier van Griethuysen Arnhem, 6 oktober 2010 Offshore Windpark Egmond aan Zee (2006) HLV Svanen

More information

Safeguarding Investments and Risk Exposure

Safeguarding Investments and Risk Exposure Service & Installation Vessel / Wind Farm Project Certification Claus Winter Graugaard & Andreas G. Jensen Presentation overview Introduction Wind Turbine Installation (WTI) vessels Wind farm maintenance

More information

THE COSTS OF DECARBONISING ELECTRICITY GENERATION

THE COSTS OF DECARBONISING ELECTRICITY GENERATION THE COSTS OF DECARBONISING ELECTRICITY GENERATION This technical annex to Building a low-carbon economy presents further details on the analysis underlying the estimates of the costs of decarbonising the

More information

Geotechnical Engineering in Offshore Wind - how can we contribute to lowering the cost of electricity? DGF Seminar, Gentofte, 1 st April 2014

Geotechnical Engineering in Offshore Wind - how can we contribute to lowering the cost of electricity? DGF Seminar, Gentofte, 1 st April 2014 Geotechnical Engineering in Offshore Wind - how can we contribute to lowering the cost of electricity? DGF Seminar, Gentofte, 1 st April 2014 1 Safety first Emergency exits Muster points First aid kits

More information

Offshore wind power: big challenge, big opportunity. Maximising the environmental, economic and security benefits

Offshore wind power: big challenge, big opportunity. Maximising the environmental, economic and security benefits Offshore wind power: big challenge, big opportunity Maximising the environmental, economic and security benefits Table of Contents Preface 01 Executive summary 02 1 Implications of the 2020 EU Renewable

More information

Offshore Windfarm Egmond aan Zee 4 years of Operation

Offshore Windfarm Egmond aan Zee 4 years of Operation Offshore Windfarm Egmond aan Zee 4 years of Operation CUEN Offshore Wind Energy Conference 28 June 2011, Cambridge Elke Delnooz Operations Support Manager www.noordzeewind.nl 1 Contents Project description

More information

The Real Cost of Electrical Energy. Outline of Presentation

The Real Cost of Electrical Energy. Outline of Presentation 2 Outline of Presentation Data Sources Electricity Demand and Supply Cost to Meet Demand Profile Electricity Pricing Cost Impact of Dispatching Generation (Load Following) Simplifying Assumptions Electricity

More information

1: Levelized Cost of Energy Calculation. Methodology and Sensitivity

1: Levelized Cost of Energy Calculation. Methodology and Sensitivity 1: Levelized Cost of Energy Calculation Methodology and Sensitivity What is LCOE? Levelized Cost of Energy (LCOE) is the constant unit cost (per kwh or MWh) of a payment stream that has the same present

More information

ERFARINGER MED VINDKRAFT OG VEIEN VIDERE FOR OFFSHORE VIND

ERFARINGER MED VINDKRAFT OG VEIEN VIDERE FOR OFFSHORE VIND ERFARINGER MED VINDKRAFT OG VEIEN VIDERE FOR OFFSHORE VIND Eivind Torblaa, Head of Asset Management - Wind Det Norske Videnskaps-Akademi 3 oktober 2014 Agenda Litt om Statkraft Vind i Statkraft - Tilbakeblikk

More information

Introduction to the IEC standard. Peter Hauge Madsen Risø DTU

Introduction to the IEC standard. Peter Hauge Madsen Risø DTU Introduction to the IEC 61400-1 standard Peter Hauge Madsen Risø DTU IEC or ISO? (Electric component, machine or building or a wind turbine) Wind turbine generator system ~ Wind turbine structure 2 The

More information

Future renewable energy costs: offshore wind

Future renewable energy costs: offshore wind Renewable Energies Future renewable energy costs: offshore wind How technology innovation is anticipated to reduce the cost of energy from European offshore wind farms BVG Associates BVG Associates is

More information

www.wind-power-program.com

www.wind-power-program.com This document has been downloaded from the library section of www.wind-power-program.com Visit our website for information on the WindPower program and the UK Wind Speed Database program both downloadable

More information

Offshore Wind. IEEE Boston PES - November 16, 2010

Offshore Wind. IEEE Boston PES - November 16, 2010 Offshore Wind IEEE Boston PES - November 16, 2010 Offshore Wind A high-level overview of offshore wind project development identifying current technologies, challenges, risks and costs. Presented by: Brook

More information

GRAVITY BASE FOUNDATIONS

GRAVITY BASE FOUNDATIONS GRAVITY BASE FOUNDATIONS 2 Crown with reference to Marine All Activity Map Concrete gravity base foundations able to be floated and towed out to deeper water windfarms and installed without specialist

More information

N of Turbines. In operation Thornton Bank phase 1 Off Zeebrugge to to Repower

N of Turbines. In operation Thornton Bank phase 1 Off Zeebrugge to to Repower Belgium Thornton Bank phase 1 Off Zeebrugge 30 6 12 to 27 27 to 30 2008 Repower Belwind Off Zeebrugge 330 - - - 2010 Vestas Thornton Bank phase 2 Off Zeebrugge 90 - - - 2010 Repower Thornton Bank phase

More information

AN INDEPENDENT ANALYSIS COMMISSIONED BY STATKRAFT UK

AN INDEPENDENT ANALYSIS COMMISSIONED BY STATKRAFT UK OFFSHORE WIND: DELIVERING MORE FOR LESS AN INDEPENDENT ANALYSIS COMMISSIONED BY STATKRAFT UK JULY 2015 BVG Associates BVG Associates is a technical consultancy with expertise in wind and marine energy

More information

E.ON Offshore Wind Energy Factbook

E.ON Offshore Wind Energy Factbook E.ON Offshore Wind Energy Factbook E.ON Climate & Renewables December 2011 1 Picture taken at E.ON Offshore Project - Robin Rigg (United Kingdom, 2009) 2 Dear Reader, Offshore wind is one of the most fascinating

More information

Response to Royal Academy of Engineering Call for Evidence on Wind Power

Response to Royal Academy of Engineering Call for Evidence on Wind Power Response to Royal Academy of Engineering Call for Evidence on Wind Power Summary 1. ETI analysis of potential options for the future UK energy mix highlights six key priorities to ensure overall affordability,

More information

The European offshore wind industry - key trends and statistics 2013. January 2014. A report by the European Wind Energy Association

The European offshore wind industry - key trends and statistics 2013. January 2014. A report by the European Wind Energy Association The European offshore wind industry - key trends and statistics 2013 January 2014 A report by the European Wind Energy Association Contents Contents Executive summary 3 Annual market in 2013 4 Cumulative

More information

H1 2014 LEVELISED COST OF ELECTRICITY - PV

H1 2014 LEVELISED COST OF ELECTRICITY - PV H1 2014 LEVELISED COST OF ELECTRICITY - PV JENNY CHASE 4 FEBRUARY 2014 LCOE OF PV, FEBRUARY 2014 1 PV EXPERIENCE CURVE, 1976-2013 (2013 $/W) 100 Cost per W (2013 $) 1976 10 1985 2003 2006 1 2012 2013 Q3

More information

Summary of the Impact assessment for a 2030 climate and energy policy framework

Summary of the Impact assessment for a 2030 climate and energy policy framework Summary of the Impact assessment for a 2030 climate and energy policy framework Contents Overview a. Drivers of electricity prices b. Jobs and growth c. Trade d. Energy dependence A. Impact assessment

More information

Offshore Wind Market Development and Cost Reduction Potential

Offshore Wind Market Development and Cost Reduction Potential Offshore Wind Market Development and Cost Reduction Potential Andreas Wagner, Managing Director German Offshore Wind Energy Foundation The Future of Competitiveness: Cost Reduction Potentials for Solar

More information

Experiences with Hydro-Sound Measurements during Pile Driving - Past, Today and Future-

Experiences with Hydro-Sound Measurements during Pile Driving - Past, Today and Future- Experiences with Hydro-Sound Measurements during Pile Driving - Past, Today and Future- Dr. M. A. Bellmann, P. Remmers, H. Holst, S. Gündert und M. Müller Itap GmbH Institute of technical and applied physics

More information

Databases. by David Cerda Salzmann

Databases. by David Cerda Salzmann Databases by David Cerda Salzmann In the previous lecture... What data you need What you use it for This hour: where to get data from Introduction OWT Design Procedure Fatigue Loads Extreme Loads Site-specific

More information

Funding wind power: the view from a financial institution

Funding wind power: the view from a financial institution Funding wind power: the view from a financial institution TPWind Nicolas Gourvitch - 24 September 2013 GGEB - A specialist advisory boutique focused on renewable energy At the heart of the energy transition

More information

October 2015. TKI Wind op Zee Cost reduction options for Offshore wind in the Netherlands FID 2010-2020

October 2015. TKI Wind op Zee Cost reduction options for Offshore wind in the Netherlands FID 2010-2020 Cost reduction options for Offshore wind in the Netherlands FID 20102020 Introduction This study has been commissioned by. The research for this report is being conducted by PricewaterhouseCoopers Advisory

More information

A macro-economic viewpoint. What is the real cost of offshore wind? siemens.com / wind

A macro-economic viewpoint. What is the real cost of offshore wind? siemens.com / wind A macro-economic viewpoint What is the real cost of offshore wind? siemens.com / wind in the cost debate A broader view of the value of renewables. Globally, installed power generation capacity currently

More information

SGS REFERENCE PROJECTS WIND POWER INDUSTRY

SGS REFERENCE PROJECTS WIND POWER INDUSTRY ErgWind Srl 83 sites in 2013 and 14 sites in 2014 Construction H&S Service (Health & Safety Coordination service both in design and execution phases) 2013 - ongoing Wind International Italy (BKW) Availon

More information

Wind power: the world's leading sustainable energy. Madrid 11/01/2012

Wind power: the world's leading sustainable energy. Madrid 11/01/2012 Wind power: the world's leading sustainable energy Madrid 11/01/2012 Table of contents 1 2 3 4 5 6 7 The electricity sector s challenges Key drivers of Wind Energy Disadvantages of Wind Energy: myth or

More information

How Dutch innovations support 40% cost price reduction. June 13th 2013 How Dutch innovations support 40% cost price reduction 1

How Dutch innovations support 40% cost price reduction. June 13th 2013 How Dutch innovations support 40% cost price reduction 1 How Dutch innovations support 40% cost price reduction June 13th 2013 June 13th 2013 How Dutch innovations support 40% cost price reduction 1 Dutch Top Sector Policy Government policy to further strengthen

More information

The European offshore wind industry - key trends and statistics 2009

The European offshore wind industry - key trends and statistics 2009 Photo: Dong Energy The European offshore wind industry - key trends and statistics 29 January 21 1 The European Offshore Wind Industry - Key Trends and Statistics 29 Contents Executive summary 29 annual

More information