offshore wind cost News
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Response to the publication of the Offshore Wind Cost Reduction Task Force report
Phil de Villiers, Head of Offshore Wind at the Carbon Trust said: "Offshore wind is an important and abundant low carbon energy source for the UK that also offers significant opportunity for growth, jobs and exports. Developing it at scale is essential to help us meet the energy security and carbon reduction challenges facing the country over the next few decades. But we must act quickly to ...
By Carbon Trust
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E.ON backs offshore wind cost cutting plan
Energy giant E.ON today announced it will be investing into a pioneering industry initiative to slash the costs of offshore wind power. E.ON is the latest investor to back the Carbon Trust’s Offshore Wind Accelerator (OWA) which was also recently bolstered with the addition of Mainstream Renewable Power and Statkraft. They team up with five founding members that include offshore wind ...
By Carbon Trust
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Carbon Trust takes its offshore wind expertise to China
The Carbon Trust is applying learning from its world leading work on offshore wind to help China meet its national target to grow its offshore wind capacity. The Carbon Trust will now be applying the learning from its world leading work on offshore wind to help China meet its national target to grow its offshore wind capacity at the lowest cost from under 0.5GW today to 5GW by 2015 and to 30GW ...
By Carbon Trust
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Government set out commitment to renewables – Carbon Trust comment
Comment from James Wilde, Director of Strategy at The Carbon Trust "Today’s announcement on the support levels for renewable technologies is welcome. The level of support being provided should provide the certainty and confidence for industry and investors to implement the mass roll out of renewables up to 2017. This in turn will bring significant economic benefits to the UK economy in ...
By Carbon Trust
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Carbon Trust awards funding to cut offshore wind costs by up to £100m per year
Following an international competition the Carbon Trust’s Offshore Wind Accelerator (OWA) has awarded contracts to three cable manufacturers to help commercialise the development of 66kV offshore wind farm intra-array cables. It is providing funding of £400k (£133k to each cable manufacturer) to accelerate the time to market of the cables for use in the large scale UK Round 3 ...
By Carbon Trust
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Offshore wind accelerator - News update
Fjellstrand WindServer vessels will help to substantially reduce offshore wind operation and maintenance costs. Fjellstrand, one of the 13 access companies we have been supporting over the last 12 months from our Access Competition has achieved a major and exciting milestone - they have received an order for six vessels. All six vessels will enter services in 2013 for major wind farm ...
By Carbon Trust
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Survey Reveals Projections for Lower Wind Energy Costs
The cost of producing electricity via wind power is expected to fall 24-30 percent by 2030 and 35-41 percent by 2050, according to a survey of the world's foremost wind power experts. Cost reductions are anticipated as a function of continued advancements in wind energy technology. These findings are detailed in new study published in the journal Nature Energy and conducted by the Energy ...
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Shell, Gasunie join forces to cut offshore wind hydrogen costs
The Dutch partners want to build 4 GW of large-scale offshore wind capacity and convert gas transport grids in a complete value chain plan for renewable hydrogen supply. The Dutch proposal could make the Groningen port area a key supply hub for renewable hydrogen. (Image credit: David Dixon) Last month, oil giant Shell, Dutch gas grid operator Gasunie and Groningen Seaports unveiled a ...
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Floating wind developers focus on lean multiples as competition mounts
Floating wind developers are cutting design weight, maximizing onshore build capability and gaining lender support, but the jump to commercial arrays will require state-level measures, industry experts said. On October 5, Shell, Innogy and Stiesdal Offshore Technologies (SOT) signed a cooperation agreement to build a demonstration floating wind project using SOT’s modular ...
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Scottish Government announces £2.2 million to cut costs for offshore wind
A project to cut the cost of offshore wind by at least 10% is being awarded £2.2 million by the Scottish Government, First Minister Alex Salmond has announced. The Carbon Trust’s Offshore Wind Accelerator (OWA) programme, a joint industry and government scheme, brings together nine offshore wind developers with over 72% (31GW) of the UK’s licensed capacity. The project aims to ...
By Carbon Trust
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Global wind expert says offshore wind will be one of the cheapest UK energy sources by 2025
Last week at the Carbon Trust’s annual innovation lecture at the British Library global wind energy expert, Henrik Stiesdal, Chief Technical Officer at Siemens Wind Power told an audience of 200 prominent offshore wind stakeholders that offshore wind will be one of the cheapest, scalable solutions for the UK, as compared to other renewables and fossil fuel energy sources by 2025, if the ...
By Carbon Trust
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Offshore wind powers ahead in Europe
A building boom is underway offshore in Europe. Up to 400 giant wind turbines are due to be built off the northeast coast of the UK in what will be the world’s largest offshore wind development. Output from the Dogger Bank project will be 1.2 Gigawatts – enough to power more than a million homes. Next year, a 150-turbine wind farm off the coast of the Netherlands is due to start ...
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In the UK the plans are set for a major growth in Offshore Wind
The offshore wind industry continues to face many challenges especially with the economic and political situation facing both Europe and North America. Lowering the cost of offshore wind is critical to ensure it is competitive with other energy production technologies and this requires new ideas, innovation and a willingness to step away from the comfort zone. However, the "comfort zone" has ...
By Fleming
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Offshore wind developers see ripe conditions for zero-subsidy bids
Project efficiency gains, supportive funding markets, and growing demand from corporate customers will support zero-subsidy projects in the coming years but electrification growth is required longer term, leading developers told the 2018 Offshore Wind Europe conference. Last month, the UK government set maximum offshore wind prices of 56 pounds/MWh (62.8 euros/MWh, $71.4/MWh) and 53 ...
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£6.5m trial of new low cost offshore wind foundation to commence this summer
The Carbon Trust’s Offshore Wind Accelerator (OWA) is joining forces with Statoil, Statkraft, EON, DONG Energy and Universal Foundation, in close co-operation with Aalborg University, to undertake installation trials of the Universal Foundation ‘suction bucket’ offshore wind foundation. Such innovative foundation designs alone have the potential to reduce the capital costs of ...
By Carbon Trust
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Plummeting costs spur Oregon floating wind activity
As U.S. researchers predict dramatic falls in floating wind costs in Oregon, key stakeholders are tackling critical transmission and public consultation challenges. A recent study of five potential floating wind sites off the coast of Oregon revealed some startling results. According to the National Renewable Energy Laboratory (NREL), the levelized cost of offshore wind projects could be as ...
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Offshore wind analytics to cut opex to less than quarter of costs
Growing predictive maintenance capabilities, drones and multi-turbine control strategies will combine with logistics innovations to lower operations and maintenance (O&M) costs, industry experts said. Sweden's Vattenfall launched last month its pioneering 93 MW European Offshore Wind Deployment Centre (EOWDC) in Aberdeen Bay, north-east Scotland. The new 300 million-pound ($393.0 ...
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Dominion Virginia Power Offshore Wind Study Recommends Ocean Substations Be Added in Atlantic
One offshore substation platform with two 230,000-volt power lines is appropriate to transmit to shore every 500-700 megawatts of wind-generated electricity constructed off the coast of Virginia, a study done at Dominion Virginia Power's request recommends. The report, completed by ABB Power Systems Consulting, evaluated the offshore transmission options to support future projects and built its ...
By Dominion
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Offshore investments soar in 2016; US` Southern, RES to build 3 GW onshore
Global offshore wind investment rose 40% in 2016 to $29.9 billion as developers took advantage of improved project economics due to larger turbines and improved installation practices, Bloomberg New Energy Finance (BNEF) said in a statement published January 12. Europe has driven offshore wind growth but new markets are set to open up in North America and Taiwan. (Image credit: Visdia) Total ...
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New study from Carbon Trust reveals barriers to large-scale deployment of gravity based solutions in offshore wind
The Carbon Trust today released a new study, supported by the Scottish Government to highlight the barriers that exist to large-scale commercialisation and adoption of gravity based structures (GBS) as Wind Turbine Generator (WTG) foundations for deeper water sites in the offshore wind sector. GBSs have been successfully demonstrated and deployed in shallow water wind farm projects. However, as ...
By Carbon Trust
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