OFFSHORE WIND ENERGY IS GETTING CHEAPER
|
|
|
- Grant Bennett
- 7 years ago
- Views:
Transcription
1 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
2 Offshore wind is closing in on the other main technologies Levelised cost of electricity for plants commissioned in North Western Europe in 2023 (FiD 2020 for offshore wind) /MWh (2012-prices) CO 2 emission permits Fuel Tax Operating costs Investment costs Onshore Wind 1 Coal Gas Biomass Conversion CHP PV 1 Utility scale Biomass Conversion Offshore Wind Nuclear Coal CCS 1 PV and Onshore Wind is due to present low political and market risks presented as low risk investments with a discount rate of 8% versus 10% for other technologies. Note: Base case - CO 2 price trend of 19 in 2023 and 27 in
3 The needed revenue for offshore wind has already declined resulting in a sharp drop of the subsidy level Levelised revenue of electricity /MWh 2012-prices Subsidy Electricity price Year of subsidy agreement West of Duddon Sands Race Bank -32% East Anglia 68 Neart na Gaoithe The subsidy level has decreased with more than 43 pct. from 2011 to 2015 even though the market price forecast have dropped more than 20 pct. since The subsidy level will drop even more if the market price increases due to e.g.: - Higher CO 2 -price - Higher demand through electrification - More interconnectors to demand centres Revenue includes subsidy and market price at the time of subsidy agreement discounted with 4% and adjusted to inflation. Scope of UK offshore wind projects include transmission and substations. Sources: DECC 3
4 The pipeline creates the opportunities to lower cost through technological improvement, experience and careful site selection European offshore wind energy capacity Source: EWEA 23.5 GW Main potentials for reducing Cost of Energy UK setting /MWh 2012-prices Market until DONG Energy pipeline towards 2020 GW Under construction 2018 Secured pipeline 2020 * / ** UK reference plant and 2020 target is based on average UK Round 2 & 3 parks FiD in Incl. transmission costs. All prices are in 2012-prices and including substations and offshore power cables 4
5 Competitiveness will be reached during the next decade with sufficient market volume LCOE for gas and offshore wind dependent on annual market size of offshore wind and CO 2 price development EUR/MWh (real 2012) Gas 1 Offshore 2 High CO 2 price scneario Medium CO 2 price scneario 15% + 3 GW/y build out 17% + 7 GW/y build out FID year 5 1 Plants running at technical maximum (93% capacity factor). Lower limit represents costs with WEO NPS CO 2 prices ( 21 in 2025, 27 in 2030, 36 in 2040), upper limits uses BNEF CO 2 prices ( 31 in 2025, 40 in 2030, 54 in Costs based on FID 2020 / CoD 2023, learning rate pct., based on DONG Energy target and EWEA s central scenario, Lower limit represents scenario with annual build out of 7 GW, upper limit has a build out of 3 GW Source: DONG Energy, EWEA, IEA World Energy Outlook and Bloomberg NEF
6 By increasing developer s scope competitive pressure is applied to all parts of the project Managed outside tender Competitive tenders enforce price pressure Offshore Managed outside tender Competitive tenders enforce price pressure Nearshore 6
7 Tender is a reality for the offshore wind, careful tender design ensures competitive pressure, capable developers and efficiency Offshore wind energy will need the option of technology specific tenders in the State Aid Guidelines to continue its cost reducing path Increase competitive pressure by letting the developer get the responsibility from the offshore wind farm to the onshore connection point Pre-qualification criteria will ensure capable bidders in the competition Authorities to define suitable areas with both the conditions for effective offshore wind energy production and high probability for consent The developers to select the sites to develop either through an open-door approach or multi-site tender Flexibility regarding the consent in order for the developer to optimise the site park layout and turbine selection One-stop shop and industry dialogue 7
8 Offshore wind is closing the gap to onshore wind Average subsidy øre/kwh over the lifetime Offshore wind will continue getting closer to onshore wind 33 /MWh 16 LCOE - offshore Market price 9 LCOE - onshore Anholt Reduced subsidy need Horns Rev 3 Onshore Time Source: Ministry of Energy, Utilities and Climate and Danish Energy Agency 8
GLOBAL RENEWABLE ENERGY MARKET OUTLOOK 2013
GLOBAL RENEWABLE ENERGY MARKET OUTLOOK 213 FACT PACK GUY TURNER HEAD OF ECONOMICS AND COMMODITIES APRIL 26, 213 GLOBAL RENEWABLE ENERGY MARKET OUTLOOK, 26 APRIL 213 1 INTRODUCTION This year s Global Renewable
Power Generation. Lilian Macleod Power Supply Manager National Grid
Power Generation Place your chosen image here. The four corners must just cover the arrow tips. For covers, the three pictures should be the same size and in a straight line. This text box and image can
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
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
INVESTING IN A TRANSITIONING SECTOR
INVESTING IN A TRANSITIONING SECTOR Eurelectric conference Jon Moore, CEO NEW INVESTMENT IN CLEAN ENERGY 24-14 ($BN) 32% 17% $318bn -7% $294bn 16% -9% $31bn.5% $272bn $268bn 17% 46% 36% $175bn $25bn $26bn
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
Fact Sheet on China s energy sector and Danish solutions
Fact Sheet on China s energy sector and Danish solutions 1. EXPANSION WITH RENEWABLE ENERGY: China focuses on a massive expansion with non fossil energy that is renewable energy and nuclear energy. The
Foratom event 29 April 2015
Foratom event 29 April 2015 New nuclear in the UK and Electricity Market Reform Colin Parker Head of European Liaison - EDF Energy 1 April 2015 EDF Energy plc. All rights reserved. EDF Energy A UK energy
Re-assessing Costs in the European Power Sector. July 2013
Re-assessing Costs in the European Power Sector July 2013 The rise in non-conventional energy production in the United States along with the need to rebuild Europe s economy has led to a new focus and
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
Integrating 300 GW wind power in European power systems: challenges and recommendations. Frans Van Hulle Technical Advisor
Integrating 300 GW wind power in European power systems: challenges and recommendations Frans Van Hulle Technical Advisor Worldbank, SDN Week, Washington, February 21-22, 2008 Leonard Crettaz What is the
Contents. Wind power sector facts. Growth drivers. Immediate challenges. Innovative and global response
Wind power sector 'Keys to competitiveness on the international stage ESADE-Deloitte Jorge Calvet, Chairman of Gamesa Madrid, 1 July 2010 Contents 5 5 5 1 Wind power sector facts Growth drivers Immediate
Hydrogen Storage and a Clean, Responsive Power System
Hydrogen Storage and a Clean, Responsive Power System Fuel Cell and Hydrogen Conference, Birmingham, 20 th May 2015 Den Gammer 2015 Energy Technologies Institute LLP The information in this document is
Danish Energy Model RE Policy Tools MAIN Asian Dialog, Bali January 20-22 2014. Mr. Henrik Breum Special Advisor
Danish Energy Model RE Policy Tools MAIN Asian Dialog, Bali January 20-22 2014 Mr. Henrik Breum Special Advisor Agenda Danish Energy Model RE Policy Tools Introduction The Danish Energy Model Past, now
Levelized Cost and Levelized Avoided Cost of New Generation Resources in the Annual Energy Outlook 2015
June 2015 Levelized Cost and Levelized Avoided Cost of New Generation Resources in the Annual Energy Outlook 2015 This paper presents average values of levelized costs for generating technologies that
Projected Costs of Generating Electricity
Executive Summary Projected Costs of Generating Electricity 2015 Edition Projected Costs of Generating Electricity 2015 Edition INTERNATIONAL ENERGY AGENCY NUCLEAR ENERGY AGENCY ORGANISATION FOR ECONOMIC
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
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
Energinet.dk and the Danish Energy System
Energinet.dk and the Danish Energy System South African delegation Fredericia, 22 October 2015 Peter Jørgensen, Vice President 22 October 2015 Energinet.dk and the Danish Energy System 1 Agenda Introduction
SPANISH EXPERIENCE IN RENEWABLE ENERGY AND ENERGY EFFICIENCY. Anton Garcia Diaz Economic Bureau of the Prime Minister
SPANISH EXPERIENCE IN RENEWABLE ENERGY AND ENERGY EFFICIENCY Anton Garcia Diaz Economic Bureau of the Prime Minister «Symposium on Strengthening Sino-Spain cooperation in multiple Fields» New Energy Cooperation
Russia: energy market developments. Marc-Antoine Eyl-Mazzega Russia Programme Manager Paris, 16 December 2014
Russia: energy market developments Marc-Antoine Eyl-Mazzega Russia Programme Manager Paris, 16 December 2014 IEA: 29 Members, worldwide engagement IEA member countries Accession countries Key Partner countries
Dii creating a market for renewable energy from the deserts in Europe, North Africa and the Middle East
Dii creating a market for renewable energy from the deserts in Europe, North Africa and the Middle East Munich, 27.01.2014 Paul van Son, CEO, Dii GmbH Solar and wind resources in EUMENA more than sufficient
UK renewable energy an update
UK renewable energy an update 30 October 2014 Robert Hull, Managing Director Renewable energy key challenges 1 2 3 Costs to Climate change: Risks to security consumers: decarbonising of supply: short affordability
Energy [R]evolution vs. IEA World Energy Outlook scenario
![Energy [R]evolution vs. IEA World Energy Outlook scenario](/thumbs/35/17229912.jpg "Energy [R]evolution vs. IEA World Energy Outlook scenario")
Energy [R]evolution vs. IEA World Energy Outlook scenario New set of scenarios takes climate crisis into account World Energy Outlook (WEO) 2008 for the first time takes the climate crisis really into
Offshore wind in Europe
Offshore wind in Europe Walking the tightrope to success March 2015 Key findings 3 Today s needed actions for 2030 Introduction : Europe s energy challenge Business As Usual is not sustainable Keeping
A Cheaper Renewable Alternative for Belarus
A Cheaper Renewable Alternative for Belarus Issue paper from INFORSE-Europe 1, by Gunnar Boye Olesen, July 2011 Summary Following the increasing fossil energy prices, the country of Belarus is struggling
CHILE LEVELISED COST OF ENERGY
CHILE LEVELISED COST OF ENERGY PRESENTED TO NRDC TYLER TRINGAS, ENERGY ECONOMICS APRIL 2011 Chile Levelised Cost of Energy, April 2011 1 CONTENTS Introduction Objectives Levelised Cost of Energy Model
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
ACCELERATING GREEN ENERGY TOWARDS 2020. The Danish Energy Agreement of March 2012
ACCELERATING GREEN ENERGY TOWARDS The Danish Energy Agreement of March 2012 The most ambitious energy plan of the world In March 2012 a historic new Energy Agreement was reached in Denmark. The Agreement
4. Comparison with DECC (2014) Estimated impacts of energy and climate change policies on energy prices and bills
Energy prices and bills - supplementary tables Contents: 1. Energy prices and bills 2. Assumptions 3. Scenarios to 2030 4. Comparison with DECC (2014) Estimated impacts of energy and climate change policies
Some micro- and macro-economics of offshore wind*
Some micro- and macro-economics of offshore wind* EPSRC SUPERGEN Wind Energy Hub University of Strathclyde May 2016 Fraser of Allander Institute Energy Modelling Team Fraser of Allander Institute Department
LEVELIZED COST OF ENERGY LCoE CALCULATOR
Dec, 2015 LEVELIZED COST OF ENERGY LCoE CALCULATOR METHODOLOGY, ASSUMPTIONS AND GUIDELINES Contents 1 Foreword...4 2 Introduction and summary...5 3 Methodology and assumptions...9 3.1 Technology data...
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
RE-POWERING MARKETS Market design and regulation during the transition to low-carbon power systems
RE-POWERING MARKETS Market design and regulation during the transition to low-carbon power systems EC-IEA Roundtatble on electricity market design and regulation Brussels, 18 February 2016 Power markets
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
What next for UK auctions of renewable Contracts for Difference?
What next for UK auctions of renewable Contracts for Difference? In February we saw the results of the first competitive auction for Contracts for Difference (CfDs), the primary support mechanism for incentivising
The UK Offshore Wind Experience
The UK Offshore Wind Experience Tom Simchak Policy Advisor, Energy British Embassy, Washington EESI Briefing, 28 September 2015 UNCLASSIFIED The United Kingdom is The global market leader in offshore wind:
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,
OBSTACLES TO GREEN ELECTRICITY GENERATION BUSINESS
OBSTACLES TO GREEN ELECTRICITY GENERATION BUSINESS Arta Denina¹, Janis Zvanitajs² Riga Technical University Faculty of Engineering and Management Meza str. 1/7, Riga, LV-1048, Latvia E-mail: ¹arta.denina@gmail.com,
This seeks to define Contracts for Difference (CfDs) and their relevance to energy related development in Copeland.
Contracts for Difference and Electricity Market Reform LEAD OFFICER: REPORT AUTHOR: John Groves Denice Gallen Summary and Recommendation: This seeks to define Contracts for Difference (CfDs) and their
White Paper Growing Up: Onshore wind s place in a competitive, low carbon power generation system. At a Crossroad the UK Power Market
FTI Consulting: Energy sector White Paper Growing Up: Onshore wind s place in a competitive, low carbon power generation system October 2015 At a Crossroad the UK Power Market The UK is at a pivotal moment
Approaches to cost-reduction in offshore wind
Approaches to cost-reduction in offshore wind A report for the Committee on Climate Change June 2015 BVG Associates BVG Associates is a technical consultancy with expertise in wind and marine energy technologies.
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
Dealing with the rise of Renewables Investing in smart renewables. Felice Egidi Head of Regulatory&Antitrust Affairs Paris, July 2 nd 2014
Dealing with the rise of Renewables Investing in smart renewables Felice Egidi Head of Regulatory&Antitrust Affairs Paris, July 2 nd 2014 Summary RES worldwide Global Investments ($bln) Global Installed
Levelized Cost of New Electricity Generating Technologies
Levelized Cost of New Electricity Generating Technologies The Energy Information Administration (EIA) produces forecasts of energy supply and demand for the next 20 years using the National Energy Modeling
How To Understand The Global Energy Picture
Energy Perspectives 215 Long-term macro and market outlook Press seminar, Oslo, June 215 Eirik Wærness, Chief economist 2 Energy Perspectives 215 Macro and market outlook to 2 www.statoil.com/energyperspectives
REN21 2014 Global Status Report Renewable energy in the MENA region. Presented by the UAE Ministry of Foreign Affairs 3 July 2014
REN21 2014 Global Status Report Renewable energy in the MENA region Presented by the UAE Ministry of Foreign Affairs 3 July 2014 News of 2013 and early 2014 200 MW of wind completed and 160 MW of CSP under
Renewable energy technology forecast: what can we expect from the technology evolution?
Renewable energy technology forecast: what can we expect from the technology evolution? Wolfram Krewitt DLR Institute of Technical Thermodynamics Systems Analysis and Technology Assessment Stuttgart NEEDS
Electricity Generation Costs 2013
Electricity Generation Costs 2013 July 2013 Contents Introduction... 4 How Levelised Costs are calculated... 5 2 Definition of Levelised Costs of Electricity Generation... 5 Data Sources and Assumptions...
Wind and solar reducing consumer bills An investigation into the Merit Order Effect
Switch for Good Wind and solar reducing consumer bills An investigation into the Merit Order Effect Executive summary Concerns over the cost of renewable subsidy schemes have led to significant policy
The Role and Effect of Wind Energy in the Northern European Electricity Market - Insights from the Danish Energy Concept 2030
The Role and Effect of Wind Energy in the Northern European Electricity Market - Insights from the Danish Energy Concept 2030 IEA Report Launch Danish Wind Industri Association 2015-06-15 Anders Bavnhøj
Regulatory Briefing. Capital Markets Day. 17 October 2013
Regulatory Briefing Capital Markets Day 17 October 2013 Agenda Andrew Koss Director of Strategy Damien Speight Head Trader Renewables Obligation Contracts for Difference Levy Control Framework Capacity
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
Perspective. Winner takes all. High stakes in the UK offshore wind CFD auctions. Dr. Lee Clarke Dan Pearson Gareth Lewis
Perspective High stakes in the UK offshore wind CFD auctions Dr. Lee Clarke Dan Pearson Gareth Lewis January 2016 Contact Information Dr. Lee Clarke Director Chief Operating Officer lee.clarke@renewablescg.com
The debate on market design in the EU energy policy
The debate on market design in the EU energy policy 12 th International Conference on the European Energy Market - EEM15 Lisbon, May 20 th, 2015 Pedro Neves Ferreira Head of Energy Planning pedro.nevesferreira@edp.pt
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
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
PICKING WINNERS: UNDERSTANDING THE FUTURE COST OF ELECTRICITY GENERATION IN AUSTRALIA
Keywords: energy, investment, alternative energy sources, capital costs. PICKING WINNERS: UNDERSTANDING THE FUTURE COST OF ELECTRICITY GENERATION IN AUSTRALIA With liberalised electricity markets, investment
COMPETITIVENESS COMPARISON OF THE ELECTRICITY PRODUCTION ALTERNATIVES (PRICE LEVEL MARCH 2003)
LAPPEENRANTA UNIVERSITY OF TEHCNOLOGY RESEARCH REPORT EN B-156 COMPETITIVENESS COMPARISON OF THE ELECTRICITY PRODUCTION ALTERNATIVES (PRICE LEVEL MARCH 2003) Risto Tarjanne, Kari Luostarinen ISBN 951-764-895-2
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
HEAT PUMPS AS A LINK BETWEEN INDUSTRY AND DISTRICT HEATING
HEAT PUMPS AS A LINK BETWEEN INDUSTRY AND DISTRICT HEATING Jesper Koch Head of Development and Analysis Green Energy Association / Danish District Heat Association jko@danskfjernvarme.dk GREEN ENERGY IS
Tax Credit Extension: Impact on Renewables Investment and Emissions Outcomes
CONCORD, MA - WASHINGTON, DC 47 Junction Square Drive Concord, MA 01742 978-369-5533 www.mjbradley.com MJB&A Issue Brief March 7, 2016 Tax Credit Extension: Impact on Renewables Investment and Emissions
An attractive investment case for EU renewables NO CARBON EMISSIONS, NO FUEL COSTS AND STRONG DRIVERS FOR CONTINUED GROWTH
An attractive investment case for EU renewables NO CARBON EMISSIONS, NO FUEL COSTS AND STRONG DRIVERS FOR CONTINUED GROWTH By Peter Rossbach and David Richardson For professional investors only - February
Wind energy scenarios for 2030. A report by the European Wind Energy Association - August 2015. Wind energy scenarios for 2030
A report by the an Wind Energy Association - August 2015 1 WIND ENERGY SCENARIOS FOR Table of Contents Wind Energy Scenarios for... 1 Executive summary... 3 Introduction... 4 Recent EU economic and regulatory
Centralized vs. distributed power generation in developing countries: what's smarter? Marco Raganella. September the 16 th, Rabat
Centralized vs. distributed power generation in developing countries: what's smarter? Marco Raganella September the 16 th, Rabat PV Competitiveness in Village Powers Strategic Rationale Currently off-grid
The economic competitiveness of nuclear energy
How competitive is nuclear energy? by J.H. Keppler* The economic competitiveness of nuclear energy will be crucial for determining its future share in world electricity production. In addition, the widespread
Medium voltage products. Technical guide Smart grids
Medium voltage products Technical guide Smart grids Contents 2 1. Introduction 8 2 The different components and functions of a smart grid 8 2.1 Integration of distributed renewable energy sources 9 2.2
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
About T&D Europe : The association
G. onizza Electra: Doing Business with Energy G. onizza Electra: Doing Business with Energy Electra Doing Business with Energy Efficiency Thursday 15. October 2009, Ljubljana (SI) Electra conclusions in
The economics of wind power: submission to the inquiry by the House of Commons Select Committee on Energy and Climate Change.
The economics of wind power: submission to the inquiry by the House of Commons Select Committee on Energy and Climate Change Samuela Bassi and Sam Fankhauser Policy paper November 2012 Centre for Climate
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
FINANCING OF LOW-CARBON ENERGY TECHNOLOGIES
FINANCING OF LOW-CARBON ENERGY TECHNOLOGIES Juan Alario Associate Director Head of Division, Energy Efficiency and Renewables European Investment Bank (EIB) III International Conference on Energy Innovation
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
Well positioned to capture growth opportunities
Well positioned to capture growth opportunities Juan Araluce, Executive Vice President & CSO London, 21 June 2016 Classification: Public Disclaimer and cautionary statement This presentation contains forward-looking
Shaping Our Energy Future: The Cost of Energy
1. Introduction The total average UK household energy bill in 2011 has been assessed as between 1,249 and 1,300 [1] [2] [3]. The wholesale cost of gas and electricity is estimated to account for around
Early contracts for renewable electricity
Report by the Comptroller and Auditor General Department of Energy & Climate Change Early contracts for renewable electricity HC 172 SESSION 2014-15 27 JUNE 2014 Our vision is to help the nation spend
CRITICAL THINKING AT THE CRITICAL TIME. Cheap Fossil. on Renewable
CRITICAL THINKING AT THE CRITICAL TIME Cheap Fossil Fuels Impact on Renewable Energy 1 Where we are today 3 Impact on wind and solar 6 What s next? 9 How Can FTI Consulting help? 2 FTI Consulting, Inc.
Offshore Wind Development
1 Danish Experiences from Offshore Wind Danish Experiences from Offshore Wind Development Danish Experiences from Offshore Wind 2 TABLE OF CONTENTS 1. INTRODUCTION 3 1.2 KEY LEARNINGS 4 2. HISTORY AND
Report to AGEA. Comparative Costs of Electricity Generation Technologies. February 2009. Ref: J1721
Report to AGEA Comparative Costs of Electricity Generation Technologies February 2009 Ref: J1721 Project Team Walter Gerardi Antoine Nsair Melbourne Office Brisbane Office 242 Ferrars Street GPO Box 2421
GREEN POWER ISLAND DENMARK GOTTLIEB PALUDAN ARCHITECTS RISØ-DTU
DENMARK GOTTLIEB PALUDAN ARCHITECTS RISØ-DTU - the instant and low tech answer to the growing problem of green energy overflow Pumped hydro Definition: Pumped storage hydroelectricity is a type of hydroelectric
Ernst Rauch Munich Re 29 June 2010
WORKSHOP A: REDUCING RISKS OF GREEN INVESTMENT IN DEVELOPING COUNTRIES Riskmanagement for Green Investments BMU-KfW Conference 29 June 2010, Berlin Ernst Rauch Head Corporate Climate Centre, Munich Re
UK Offshore Wind: Opportunities for trade and investment
UK Offshore Wind: Opportunities for trade and investment Executive Summary The United Kingdom is The global market leader in offshore wind: The UK has 5.7GW installed or under construction, and is on track
NATURAL GAS DEMAND AND SUPPLY Long Term Outlook to 2030
1. Background On different occasions, Eurogas is asked to present its views on the future of the European gas industry. The forecasts are mainly needed for conferences and bilateral discussions with European
SSE Greater Gabbard Offshore Wind Farm Supply Chain Engagement
SSE Greater Gabbard Offshore Wind Farm Supply Chain Engagement www.sse.com Programme Introduction to SSE Overview of Tenders Overview of supplier requirements to work for SSE Overview of Procurement Process
COMPARISON OF ELECTRICITY GENERATION COSTS
Tarjanne Risto, Kivistö Aija COMPARISON OF ELECTRICITY GENERATION COSTS LAPPEENRANNAN TEKNILLINEN YLIOPISTO LAPPEENRANTA UNIVERSITY OF TECHNOLOGY TEKNILLINEN TIEDEKUNTA ENERGIA- JA YMPÄRISTÖTEKNIIKAN OSASTO
Emergence of hybrid renewable energy systems
Emergence of hybrid renewable energy systems New business opportunity for global renewable players With solar becoming cost competitive with wind, towards 22, wind and solar together are expected to impart
SECTION 1. PREAMBLE 3 SECTION 2. EXECUTIVE SUMMARY 4 ABOUT US 6
CONTENTS SECTION 1. PREAMBLE 3 SECTION 2. EXECUTIVE SUMMARY 4 ABOUT US 6 Disclaimer notice on page 8 applies throughout. Page 2 SECTION 1. PREAMBLE The New Energy Outlook (NEO) is Bloomberg New Energy
Subsidising Biomass Electricity - Contracts for Difference and what they mean for dedicated and converted biomass power stations
January 2014 Subsidising Biomass Electricity - Contracts for Difference and what they mean for dedicated and converted biomass power stations New Government support for renewable electricity, and hence
Results scenario comparison WP 5.2
Results scenario comparison WP 5.2 European sustainable electricity; comprehensive analysis of future European demand and generation of European electricity and its security of supply (EU-SUSTEL) Half
Investing in renewable technologies CfD contract terms and strike prices
Investing in renewable technologies CfD contract terms and strike prices December 2013 Crown copyright 2013 You may re-use this information (not including logos) free of charge in any format or medium,
ENERGY SECTOR JOBS TO 2030: A GLOBAL ANALYSIS
ENERGY SECTOR JOBS TO : A GLOBAL ANALYSIS Final report For Greenpeace International Authors Jay Rutovitz, Alison Atherton Institute for Sustainable Futures UTS 2009 Disclaimer While all due care and attention
Energy Productivity & Pricing
Energy Productivity & Pricing Markets for energy, renewable energy and carbon Dr Jenny Riesz February 2014 2 Average electricity retail prices Electricity price rises CSIRO Future Grid (2013) Change and
THE GREEN ELECTRCITY MARKET IN DENMARK: QUOTAS, CERTIFICATES AND INTERNATIONAL TRADE. Ole Odgaard Denmark
Workshop on Best Practices in Policies and Measures, 11 13 April 2000, Copenhagen THE GREEN ELECTRCITY MARKET IN DENMARK: QUOTAS, CERTIFICATES AND INTERNATIONAL TRADE Ole Odgaard Denmark Abstract: The
João Manso Neto. EDP Renováveis
João Manso Neto EDP Renováveis EDPR is a market leader with 8.6 GW of installed capacity worldwide #4 worldwide wind player EDP Group company focused on wind and solar investments 77.5% EDP SHAREHOLDING
Strategies for Local Sustainable Economic Development
Strategies for Local Sustainable Economic Development Towards a Low Carbon Fife Economy Robin Presswood Business and Strategy Manager, Fife Council 29 th October 2009 The Low carbon economy is An economic
Design of Feed-in Tariffs for Sub-5MW Electricity in Great Britain. Quantitative analysis for DECC. Final Report. July 2009 URN 09D/704
Design of Feed-in Tariffs for Sub-5MW Electricity in Great Britain Quantitative analysis for DECC July 2009 URN 09D/704 Element Energy Limited 60 Newman Street London W1T 3DA Tel: 020 7462 5299 Fax: 020
Our Energy Future ANALYSIS OF THE IMPACT OF LARGE BIOMASS ON THE ENERGY MIX IN BELGIUM
Our Energy Future ANALYSIS OF THE IMPACT OF LARGE BIOMASS ON THE ENERGY MIX IN BELGIUM 3E 4 November 2015 Antoon.Soete@3e.eu and Ruben.Verhaegen@3e.eu PR108848 www.3e.eu Context and objective of the study
Security of electricity supply
Security of electricity supply Definitions, roles & responsibilities and experiences within the EU Thomas Barth Chairman of Energy Policy & Generation Committee EURELECTRIC Outline Security of Supply a
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
The Cost of CCS for Natural Gas-Fired Power Plants
The Cost of CCS for Natural Gas-Fired Power Plants Edward S. Rubin and Haibo Zhai Department of Engineering and Public Policy Carnegie Mellon University Pittsburgh, Pennsylvania Presentation to the 10