Jul 1, 2020
Mar 14, 2017
Lower capital costs and installation efficiencies are driving down offshore wind prices but the UK's higher development and transmission costs will keep this April's auction prices well above Denmark’s 49.9 euros/MWh (43.7 pounds/MWh) contract, industry experts told Wind Energy Update.
Mar 1, 2017
Statoil’s record offshore wind lease bid gives it access to the high-load New York market for its first U.S. project but a power purchase agreement will require state support due to the large capacity size and nascent installation network.
Feb 13, 2017
The Blauwind II consortium bid a record Dutch price of 54.5 euros/MWh ($58.0/MWh) to win the Borssele 3&4 offshore wind tender, demonstrating how installation learnings and wider construction roles are allowing project stakeholders to establish a lower plateau of prices, industry experts told Wind Energy Update.
Dec 5, 2016
Average lifetime revenue for Vattenfall’s Kriegers Flak project in Denmark is forecast to be 20% lower than the record-low bid price and reflects falling CAPEX and cost of equity in the growing offshore wind market, Tom Harries, Wind Energy Analyst at BNEF, told the Offshore Wind Europe conference on November 22.
Nov 8, 2016
Predicted sharp growth in U.S. offshore capacity will require innovative insurance products based on early insights into technology choices and lessons learned on onshore operational risk, insurance industry experts told Wind Energy Update.
Oct 26, 2016
To compete on costs with fixed-bottom offshore wind and other renewables, the floating wind industry should industrialize the foundation in the same way it has manufactured and commoditized the turbines for onshore wind, according to Henrik Stiesdal, wind energy pioneer and former CTO of Siemens Windpower.
Oct 10, 2016
The demand for cable lay vessels will “pick up considerably” in the German, U.K. and Dutch offshore wind markets and remain sustained by at least decade’s end, Andy Readyhough, senior business development manager at DeepOcean, told Wind Energy Update.