The Future of Offshore Wind Power Generation. Published:October 2011 No.Of Pages:136 Price:US $ Introduction

Size: px
Start display at page:

Download "The Future of Offshore Wind Power Generation. Published:October 2011 No.Of Pages:136 Price:US $ Introduction"

Transcription

1 The Future of Offshore Wind Power Generation Published:October 2011 No.Of Pages:136 Price:US $ 2875 Offshore wind power is one of the newest major sources of renewable electricity generation to be developed and also one of the most interesting. Its history is short, no more than 20 years, and yet over that period the technology has been able to establish itself as both viable and potentially profitable. Features and benefits * Realize up to date competitive intelligence through a comprehensive review of offshore wind power generation technologies concepts. * Assess the emerging trends in offshore wind power generation technologies. * Identify which key trends will offer the greatest growth potential and learn which technology trends are likely to allow greater Offshore Wind Power Generation market impact. * Compare how manufacturers are developing offshore wind power generation technologies. * Quantify costs of offshore wind power generation technologies, with comparisons against forms of power, installation costs, and cost of electricity. Highlights * In Europe, by the middle of 2011, there were 1,247 offshore wind turbines across nine countries, 49 wind farms with an aggregate capacity of 3,294MW. Based on satellite data, offshore wind energy could provide up to 15% of global energy demand. * Today most wind farms are built in water depths or around 25m or less and few exceed 50m. Regions of highest wind energy can potentially provide between 500W/m2 and 800W/m2. * Overall unconstrained wind energy potential in Europe including both onshore and offshore was 70,000TWh, more than 20 times the expected energy demand in Of this, 25,000TWh was is offshore. Browse All Energy and Power Market Research Reports Table Of Contents Dr Paul Breeze Disclaimer

2 EXECUTIVE SUMMARY An introduction to offshore wind power generation The offshore wind resource Offshore wind technology Getting the power ashore Environmental, legislative and political issues The cost of offshore wind power An introduction to offshore wind power An introduction to offshore wind power Offshore wind history The structure of the report The offshore wind resource Global offshore potential Regional offshore wind potential Offshore wind technology Typical offshore wind turbine Turbine size Turbine development Drive trains and nacelles Towers Foundations and underwater structures Alternative floating wind turbine options Array issues Construction infrastructure development Reliability and condition monitoring The supply chain Offshore wind costs Getting the power ashore The grid problem The farm-by-farm solution Financing offshore transmission links Offshore grids Supergrids The shape of the North Sea supergrid Supergrid components and technical requirements Extension of the North Sea supergrid Environmental, legislative and political issues The environmental impact of offshore wind farms Construction and sea bed effects Human impact Impact on marine and other animal life Shipping and fishing Health and safety issues

3 Financial support for offshore wind farm construction Offshore wind farm regulatory issues The offshore grid: funding and regulatory issues The cost of offshore wind power Capital cost breakdown Capital costs The levelized cost of electricity Supergrid costs The capital cost of power generation technologies Levelized cost comparisons Offshore wind capacity growth potential Appendix Bibliography/References LIST OF TABLES Table: Annual offshore wind capacity (MW), 2011 Table: European offshore wind potential (TWh), 2009 Table: European offshore wind potential by country, 2011 Table: US offshore wind energy potential (GW), 2011 Table: US offshore wind potential by region and sea depth (GW), 2009 Table: China, offshore wind potential (TWh/y), 2010 Table: Japanese offshore wind potential (GW), 2010 Table: Average wind turbine size, including onshore and offshore, by year (kw), 2011 Table: Average size of offshore wind turbines, by year (kw), 2011 Table: Current and future offshore wind turbine parameters, 2011 Table: Advanced turbine developments, 2011 Table: Types of offshore foundation and platform, 2011 Table: Offshore wind turbine manufacturers, 2011 Table: Lifetime cost breakdown for typical offshore wind project (%), 2011 Table: Offshore wind farm connection technologies, 2011 Table: Cost allocation schemes for offshore wind transmission, 2011 Table: Driving force for North Sea offshore grid, 2011 Table: Supernodes for first phase of European supergrid (GW), 2011 Table: Interconnections for first phase of European Supergrid (GW), 2011 Table: Offshore wind environmental considerations, 2011 Table: Support mechanisms for offshore wind energy, 2011 Table: Models for supergrid financing, 2011 Table: Cost breakdown for offshore wind projects (%), 2011 Table: UK offshore wind farm capital costs, 2011 Table: Predicted UK offshore wind farm capital costs to 2030 (round 3 projects), 2011 Table: Predicted UK offshore wind farm operating costs to 2030 (round 3 projects) ( /kw), 2011 Table: Estimated capital cost for offshore wind in the US, 2011 Table: Estimated current and future levelized costs of electricity for UK offshore wind farms ( MWh), 2011

4 Table: Cost of energy from US offshore wind farms, 2011 Table: Capital cost projections for renewable technologies in the UK ( /kw), 2011 Table: Predicted capital cost for US generating technologies ($/kw), 2011 Table: Comparative cost of renewable power generation in the UK( /MWh), 2011 Table: Comparative cost of renewable power generation in the UK ( /MWh), 2017 Table: Comparative levelized cost of electricity in the UK ( /MWh) Table: Comparative levelized cost of electricity in the US in 2016 ($/MWh) Table: Variation in the levelized cost of offshore wind for plants entering service in 2015 ($/MWh) Table: UK offshore wind development rounds, 2011 Table: Predicted UK and EU offshore wind capacity (GW), 2011 Table: Current offshore wind capacity and capacity under construction (MW), 2011 Table: Planned offshore wind capacity (MW), 2011 LIST OF FIGURES Figure: Annual offshore wind capacity (MW), 2011 Figure: European offshore wind potential (TWh), 2009 Figure: Europe, estimated wind resource size by country (TWh/y), 2011 Figure: Europe, estimated wind resource size by country (MW), 2011 Figure: US offshore wind energy potential (GW), 2011 Figure: US offshore wind potential by region and sea depth (GW), 2009 Figure: China, offshore wind potential (TWh/y), 2010 Figure: Japanese offshore wind potential (GW), 2010 Figure: Average wind turbine size, including onshore and offshore, by year (kw), 2011 Figure: Average wind turbine size, including onshore and offshore, by year (kw), 2011 Figure: Lifetime cost breakdown for typical offshore wind project (%), 2011 Figure: Supernodes for first phase of European supergrid (GW), 2011 Figure: Interconnections for first phase of European Supergrid (GW), 2011 Figure: Cost breakdown for offshore wind projects (%), 2011 Figure: Predicted UK offshore wind farm capital costs to 2030 (round 3 projects), 2011 Figure: Predicted UK offshore wind farm operating costs to 2030 (round 3 projects) ( /kw), 2011 Figure: Estimated current and future levelized costs of electricity for UK offshore wind farms ( MWh), 2011 Figure: Cost of energy from US offshore wind farms, 2011 Figure: Capital cost projections for renewable technologies in the UK ( /kw), 2011 Figure: Predicted capital cost for US generating technologies ($/kw), 2011 Figure: Comparative cost of renewable power generation in the UK( /MWh), 2011 Figure: Comparative cost of renewable power generation in the UK ( /MWh), 2017 Figure: Comparative levelized cost of electricity in the UK ( /MWh) Figure: Comparative levelized cost of electricity in the US in 2016 ($/MWh) Figure: Variation in the levelized cost of offshore wind for plants entering service in 2015 ($/MWh) Figure: Predicted UK and EU offshore wind capacity (GW), 2011 Figure: Current offshore wind capacity and capacity under construction (MW), 2011 Figure: Planned offshore wind capacity (MW), 2011

5 About Us: ReportsnReports is an online library of over 100,000+ market research reports and in-depth market research studies & analysis of over 5000 micro markets. We provide 24/7 online and offline support to our customers. Get in touch with us for your needs of market research reports. Follow us on Twitter: Our Facebook Page: Contact: Mr.Priyank 7557 Rambler road, Suite727,Dallas,TX75231 Tel: sales@reportsandreports.com Visit our Market Research Blog

Ireland s. Offshore Wind Resource. An Export Opportunity. Presentation to IWEA Conference Brian Britton Secretary NOW Ireland 22 nd March 2012

Ireland s. Offshore Wind Resource. An Export Opportunity. Presentation to IWEA Conference Brian Britton Secretary NOW Ireland 22 nd March 2012 Ireland s Offshore Wind Resource An Export Opportunity Presentation to IWEA Conference Brian Britton Secretary NOW Ireland 22 nd March 2012 1 Ireland s Offshore Opportunity Ireland has a number of opportunities

More information

The development of offshore wind - The case of Denmark

The development of offshore wind - The case of Denmark 9 February 2017 The development of offshore wind - The case of Denmark Camilla Holbech, Deputy Manager Danish Wind Industry Association Zooming in on the Danish wind industry More than 30,000 employees

More information

Offshore Wind and Development Opportunities in the South West Robert Thornhill Offshore Development Site Manager

Offshore Wind and Development Opportunities in the South West Robert Thornhill Offshore Development Site Manager Offshore Wind and Development Opportunities in the South West Robert Thornhill Offshore Development Site Manager Dan Towers 2004 Outline of presentation npower renewables (NRL) who we are? NRL s involvement

More information

Wind Mills of the Mind Delivering large scale offshore wind. Andy Kinsella CEO, Offshore September 3rd, 2012, Ballina

Wind Mills of the Mind Delivering large scale offshore wind. Andy Kinsella CEO, Offshore September 3rd, 2012, Ballina Wind Mills of the Mind Delivering large scale offshore wind Andy Kinsella CEO, Offshore September 3rd, 2012, Ballina Mountains of the Mind Delivering large-scale offshore wind energy The mountains one

More information

Dutch offshore wind energy developments:

Dutch offshore wind energy developments: Dutch offshore wind energy developments: roadmap 2023 roadmap 2030 offshore wind energy act Joost Vermeulen sr. policy advisor offshore wind energy programme Offshore wind energy development in NL Existing

More information

Offshore Wind in the UK January, 2010

Offshore Wind in the UK January, 2010 Offshore Wind in the UK January, 2010 EDPR s debut in offshore wind and UK market Selected in the UK Round 3 to develop 1.3 GW of wind offshore capacity Expanding in size in a new technology and a new

More information

No. 19. Offshore Wind Energy in Europe Fresh Wind for Insurers, Too? A Berkshire Hathaway Company. Topics No. 19

No. 19. Offshore Wind Energy in Europe Fresh Wind for Insurers, Too? A Berkshire Hathaway Company. Topics No. 19 No. 19 Topics No. 19 Offshore Wind Energy in Europe Fresh Wind for Insurers, Too? A Berkshire Hathaway Company 10 Offshore Wind Energy in Europe Fresh Wind for Insurers, Too? Oliver Stein Oliver Stein

More information

Proposed National Offshore Wind Energy Policy

Proposed National Offshore Wind Energy Policy FOWIND Capacity Building Workshop (12 September, 2014) Proposed National Offshore Wind Energy Policy J.P. Singh, Director Ministry of New & Renewable Energy 1 Global Status & Technology Over 7 GW Global

More information

Alan Duggan Department of Communications, Energy and Natural Resources By

Alan Duggan Department of Communications, Energy and Natural Resources By Alan Duggan Department of Communications, Energy and Natural Resources By e-mail Friday, 22 November 2013 Enterprise House, Kerry Technology Park, Listowel Road, Tralee, Co. Kerry TEL + 353 66 7129144

More information

CONNECTION OF OFFSHORE WIND ONSHORE -- Some Food for Thought to Aid the Discussion at the Post-Conference Workshop

CONNECTION OF OFFSHORE WIND ONSHORE -- Some Food for Thought to Aid the Discussion at the Post-Conference Workshop Deeper Water Offshore Wind Conference by GIC CONNECTION OF OFFSHORE WIND ONSHORE -- Some Food for Thought to Aid the Discussion at the Post-Conference Workshop Dr Chuan Zhang The Crown Estate, UK London,

More information

Energiewende. Drivers and Enablers for German Offshore Wind. Dr. Martin Schöpe

Energiewende. Drivers and Enablers for German Offshore Wind. Dr. Martin Schöpe Energiewende Drivers and Enablers for German Offshore Wind Dr. Martin Schöpe BMWi Head of Unit IIA1 International Cooperation on Energy Hamburg, 25 September 2018 18-09-24 Referent 1 Source: Ecofys 2018

More information

Support regimes for offshore wind in Europe Florian Bauernfeind

Support regimes for offshore wind in Europe Florian Bauernfeind Winter Academy 2018 Trading, Sales and Financing in the European Energy Market and Industry Support regimes for offshore wind in Europe Florian Bauernfeind Vattenfall Agenda 1. Wind Power in Vattenfall

More information

Baltic Sea offshore - A cost-effective solution for the Baltic Sea. wpd Offshore Stockholm Charlotte Bergqvist

Baltic Sea offshore - A cost-effective solution for the Baltic Sea. wpd Offshore Stockholm Charlotte Bergqvist Baltic Sea offshore - A cost-effective solution for the Baltic Sea wpd Offshore Stockholm Charlotte Bergqvist Disposition of presentation 1. wpd short facts 2. Offshore market outlook 3. Baltic offshore

More information

Offshore Grid Development in Germany

Offshore Grid Development in Germany Offshore Grid Development in Germany Hamburg, 26 September 2017 Lukas Wienholt Federal Maritime and Hydrographic Agency Content of Presentation I. Current status of offshore wind energy in the German North

More information

The Future of Offshore Wind Energy

The Future of Offshore Wind Energy The Future of Offshore Wind Energy The National Academies Roundtable on Science and Technology for Sustainability June 27, 2012 Washington, DC Doug Pfeister, Senior Vice President Offshore Wind Development

More information

Comments of Deepwater Wind, LLC July 26, 2018

Comments of Deepwater Wind, LLC July 26, 2018 STATE OF NEW JERSEY BOARD OF PUBLIC UTILITIES Docket No. QX18040466 In the Matter of Offshore Wind Renewable Energy Certificate (OREC) Funding Mechanism Comments of Deepwater Wind, LLC July 26, 2018 Deepwater

More information

Leading provider of comprehensive energy and infrastructure services. 19th Swiss Seminar Kepler Cheuvreux

Leading provider of comprehensive energy and infrastructure services. 19th Swiss Seminar Kepler Cheuvreux Leading provider of comprehensive energy and infrastructure services 19th Swiss Seminar Kepler Cheuvreux Agenda 19TH SWISS SEMINAR KEPLER CHEUVREUX BKW 22.03.2018 2 Overview Strategy Q&A Overview Key figures

More information

First half and second quarter 2011

First half and second quarter 2011 First half and second quarter 2011 Fierce competition in a very fragile world 7 August 2011 The London Marriott West India Quay Hotel London 17 August 2011 The London Marriott West India Quay Hotel London

More information

First Offshore Windfarm Project in India (FOWPI) with EU-backing

First Offshore Windfarm Project in India (FOWPI) with EU-backing First Offshore Windfarm Project in India (FOWPI) with EU-backing Presentation at FOWPI Metocean Workshop 2 June 2017 Per Vølund, COWI 1 The Project is funded by The European Union Agenda 1. Offshore Wind

More information

KBC. Scope and Objectives

KBC. Scope and Objectives PRE-ISSUANCE VERIFICATION LETTER SOLAR ENERGY, WIND ENERGY, MARINE RENEWABLE ENERGY, LOW CARBON BUILDINGS CRITERIA OF THE CLIMATE BONDS STANDARD Type of engagement: Assurance Engagement Period engagement

More information

CRITIQUE THE OFFSHORE WIND INDUSTRY, IRELAND S OPPORTUNITY BRIAN BRITTON, NOW IRELAND MAY 2017

CRITIQUE THE OFFSHORE WIND INDUSTRY, IRELAND S OPPORTUNITY BRIAN BRITTON, NOW IRELAND MAY 2017 CRITIQUE THE OFFSHORE WIND INDUSTRY, IRELAND S OPPORTUNITY BRIAN BRITTON, NOW IRELAND MAY 2017 Slide Index Slide 2: Ireland s Problem - Offshore Wind the Solution Slide 3: Energy is now Centre Stage -

More information

CGN INAUGURAL GREEN BOND ISSUANCE

CGN INAUGURAL GREEN BOND ISSUANCE CGN INAUGURAL GREEN BOND ISSUANCE Table of Contents 1. Independent Limited Assurance Statement 1 Appendix: Green Bond Management Statement 3 2. Green Bond Framework 6 Page 1 of 13 Page 2 of 13 Appendix

More information

Stormy Weathers in the European Wind Power sector how to keep the pace?

Stormy Weathers in the European Wind Power sector how to keep the pace? allocate International Management and Executive Search Consultants Stormy Weathers in the European Wind Power sector how to keep the pace? Dr. Jörg Fabri allocate International, Managing Partner Presentation

More information

Review of Support Mechanisms and Policy Options for Offshore Wind. Prepared by the Center for Wind Energy at James Madison University.

Review of Support Mechanisms and Policy Options for Offshore Wind. Prepared by the Center for Wind Energy at James Madison University. Review of Support Mechanisms and Policy Options for Offshore Wind Prepared by the Center for Wind Energy at James Madison University August 2012 Denmark Denmark s long-term target is to achieve complete

More information

MONITORING & REVIEW of IMPLEMENTATION PROGRESS. Definition and Quantification of the KPIs for the SET-Plan EIIs

MONITORING & REVIEW of IMPLEMENTATION PROGRESS. Definition and Quantification of the KPIs for the SET-Plan EIIs 1 MONITORING & REVIEW of IMPLEMENTATION PROGRESS Definition and Quantification of the KPIs for the SET-Plan EIIs Monitoring & Review - A reminder - SG Meeting _240511 2 2 Council Conclusions (12 (12 March

More information

How to promote the necessary investment in the European energy transition?

How to promote the necessary investment in the European energy transition? How to promote the necessary investment in the European energy transition? Gerd Schräder Regulatory Affairs, RWE Innogy GmbH Energy transition: A multifaceted challenge for Europe 2 nd symposium 11 th

More information

UK Onshore Wind. Investment Fundamentals

UK Onshore Wind.   Investment Fundamentals UK Onshore Wind www.fimltd.co.uk Investment Fundamentals Wind is a proven asset class for both private and institutional direct investors. UK wind provides investors with a low risk investment. It is 100%

More information

Offshore Wind Energy in Germany and Europe: Status Quo and Market Outlook. Andreas Wagner, Managing Director German Offshore Wind Energy Foundation

Offshore Wind Energy in Germany and Europe: Status Quo and Market Outlook. Andreas Wagner, Managing Director German Offshore Wind Energy Foundation Offshore Wind Energy in Germany and Europe: Status Quo and Market Outlook Andreas Wagner, Managing Director German Offshore Wind Energy Foundation Agenda 1. German Offshore Wind Energy Foundation - Who

More information

Industrialisierung von Offshore-Windenergie im internationalen Kontext

Industrialisierung von Offshore-Windenergie im internationalen Kontext Industrialisierung von Offshore-Windenergie im internationalen Kontext Markus Rieck Geschäftsführer Alstom Renewable Germany GmbH Hannover 08/04/2014 Agenda 01 02 Alstom Overview Offshore Wind Industrial

More information

ACTIVITY REPORT. 11-November-2010 Page 1 of 18. Bilbao, 11 November 2010 Results Presentation. Third quarter 2010

ACTIVITY REPORT. 11-November-2010 Page 1 of 18. Bilbao, 11 November 2010 Results Presentation. Third quarter 2010 Third quarter 2010 Bilbao, 11 November 2010 Results Presentation ORDER INTAKE RECOVERY, WITH 1,186 1 MW RECEIVED IN THE THIRD QUARTER OF 2010, DEBT REDUCTION AND PROFITABILITY IN A HIGHLY COMPETITIVE MARKET

More information

Offshore electricity transmission: a new model for delivering infrastructure

Offshore electricity transmission: a new model for delivering infrastructure REPORT BY THE COMPTROLLER AND AUDITOR GENERAL HC 22 SESSION 2012-13 22 JUNE 2012 Gas and Electricity Markets Authority Department of Energy and Climate Change Offshore electricity transmission: a new model

More information

Offshore Wind. Investing in the future of energy. Offshore Wind. North American Liquids Pipelines. U.S. Transmission. Natural Gas Utilities

Offshore Wind. Investing in the future of energy. Offshore Wind. North American Liquids Pipelines. U.S. Transmission. Natural Gas Utilities Offshore Vern Yu Executive VP & Chief Development Officer Offshore Investing in the future of energy North American Liquids Pipelines U.S. Transmission Natural Gas Utilities Canadian Transmission & Midstream

More information

Aspects of economic impact from marine renewables

Aspects of economic impact from marine renewables Aspects of economic impact from marine renewables Steve Westbrook Economic Intelligence Unit University of the Highlands and Islands Potential scope for an economic impact appraisal for a commercial (or

More information

1 Assises de l Energie 2007 Liège, 10-11/10/2007 Offshore wind energy in the North Sea Overview

1 Assises de l Energie 2007 Liège, 10-11/10/2007 Offshore wind energy in the North Sea Overview Offshore wind energy in the North Sea Ronnie Belmans Energiecongres 2007 Overview Why offshore? International status Situation in Belgium Elia network Supergrid Conclusion www.ef4.be 1 Why offshore? Wind

More information

Wind policy in Germany removing the bottlenecks for a continuing success story. Dania Röpke, Policy Advisor German Wind Energy Association

Wind policy in Germany removing the bottlenecks for a continuing success story. Dania Röpke, Policy Advisor German Wind Energy Association Wind policy in Germany removing the bottlenecks for a continuing success story Dania Röpke, Policy Advisor German Wind Energy Association 2011 03 16 Agenda The target: contrasting the government s and

More information

Global Offshore Wind Market

Global Offshore Wind Market Global Offshore Wind Market Presented at: Wind Shipping and Logistics Conference Presented by Bruce Hamilton Navigant Copenhagen, Denmark March 12, 2015 2015 Navigant Consulting, Inc. D I S P U T E S &

More information

Agenda. Overview. Strategy Q&A

Agenda. Overview. Strategy Q&A Agenda SWISS EQUITIES CONFERENCE BKW 11.01.2018 2 Overview Strategy Q&A Overview BKW 11.01.2018 4 Key figures 2016 Operating revenue CHF 2.9bn EBIT CHF 384m Operating Cash flow CHF 358m Liquidity CHF 1.2bn

More information

Economic Impacts of Wind Energy Development in Iowa: Four Scenarios

Economic Impacts of Wind Energy Development in Iowa: Four Scenarios Economic Impacts of Wind Energy Development in Iowa: Four Scenarios Dave Swenson 1 Department of Economics Iowa State University June, 2015 Introduction The deployment of additional wind energy capacity

More information

Investor Conference Call FY March 2018»

Investor Conference Call FY March 2018» Investor Conference Call FY 22 March 2018» Thomas Kusterer, Chief Financial Officer Ingo Peter Voigt, Head of Finance, M&A and Investor Relations Earnings turnaround achieved in Adjusted EBITDA in bn turnaround

More information

All Energy 2015 CfD: The New Normal?

All Energy 2015 CfD: The New Normal? All Energy 2015 CfD: The New Normal? Sarah-Jane McArthur, Associate 6 May 2015 Key Themes CfD 101 Reflections on allocation process Reflections on the auction outcome What next for the winners What next

More information

Establishment and running of an Offshore Competence Centre

Establishment and running of an Offshore Competence Centre 1 Brazil delegation, June 10th 2005 Establishment and running of an Offshore Competence Centre Morten Madsen, Esbjerg Denmark's 5th biggest city 82,000 inhabitants Port to the North Sea - the center of

More information

Virksomhedsdag DDF. 12 June, 2013

Virksomhedsdag DDF. 12 June, 2013 Virksomhedsdag DDF 12 June, 2013 Disclaimer Certain statements in this presentation are based on the beliefs of our management as well as assumptions made by and information currently available to the

More information

Paul Doherty Managing Director, Gavin & Doherty Geosolutions. Investing in Offshore Renewables Can We Capitalise on the Big Opportunity?

Paul Doherty Managing Director, Gavin & Doherty Geosolutions. Investing in Offshore Renewables Can We Capitalise on the Big Opportunity? Paul Doherty Managing Director, Gavin & Doherty Geosolutions Investing in Offshore Renewables Can We Capitalise on the Big Opportunity? Investing in Offshore Renewables Can we Capitalise on the big Opportunity?

More information

Five-Year Forecast Of TNUoS Tariffs For 2018/19 to 2022/23

Five-Year Forecast Of TNUoS Tariffs For 2018/19 to 2022/23 Five-Year Forecast Of TNUoS Tariffs For 2018/19 to 2022/23 November 2017 NGET: Forecast TNUoS tariffs for 2018/19 June 2017 1 Five-Year Forecast of TNUoS Tariffs for 2018/19 to 2022/23 This information

More information

83C Questions and Answers

83C Questions and Answers 83C Questions and Answers (1) Section 1.10 Could the Evaluation Team elaborate on what types of changes constitute a new project, including listing additional examples? For example, we have assumed that

More information

Renewing Ireland's Energy European Investment Bank

Renewing Ireland's Energy European Investment Bank Renewing Ireland's Energy European Investment Bank IWEA Autumn Conference 2013 Galway Thursday 3 rd October 08/10/2013 1 The European Investment Bank (EIB) Long-term finance promoting European objectives

More information

MASSACHUSETTS OFFSHORE WIND ENERGY AREA LEASE OPPORTUNITIES

MASSACHUSETTS OFFSHORE WIND ENERGY AREA LEASE OPPORTUNITIES MASSACHUSETTS OFFSHORE WIND ENERGY AREA LEASE OPPORTUNITIES May 1, 017 www.poweradvisoryllc.com To: From: Clients and Colleagues John Dalton, President & Carson Robers, Consultant, Power Advisory LLC On

More information

Candidates Survey February 2010 Q1 - Thinking about the energy sector, how strongly do you agree or disagree which of the following statements?

Candidates Survey February 2010 Q1 - Thinking about the energy sector, how strongly do you agree or disagree which of the following statements? Table 1/1 Britain should aim to have 15% of its energy from renewable sources by 2020 Agree strongly (2.0) 32 17 10 5 10 9 1 2 3 7 31-1 3 10 9 9 21 11 32% 22% 56% 71% 38% 56% 7% 13% 18% 54% 34% - 17% 27%

More information

Deutsch-Dänisch-Schwedisch-Norwegische Kooperation, EU-Policy Workshop on Offshore Wind Energy Dr. Joachim Kutscher PtJ

Deutsch-Dänisch-Schwedisch-Norwegische Kooperation, EU-Policy Workshop on Offshore Wind Energy Dr. Joachim Kutscher PtJ Deutsch-Dänisch-Schwedisch-Norwegische Kooperation, EU-Policy Workshop on Offshore Wind Energy 2009 Dr. Joachim Kutscher PtJ GDSN - Cooperation: Aim Formation of a most flexible network for cooperation

More information

UK s Offshore Transmission Regime:

UK s Offshore Transmission Regime: UK s Offshore Transmission Regime: A case study for financing a low carbon future Stephanie McGregor Director Offshore Transmission June 2011 Today s presentation 1. Big picture 2. The OFTO 3. Making the

More information

The Power of Onshore Wind Graham Gow, 11 September 2018

The Power of Onshore Wind Graham Gow, 11 September 2018 The Power of Onshore Wind Graham Gow, 11 September 2018 1/12 Onshore wind and the industrial strategy 2/12 BVG Associates Overview Who we are and what we do Founded in 2006 Over 270 Clients Engineering

More information

Oceans of Opportunity. Harnessing Europe s largest domestic energy resource. A report by the European Wind Energy Association

Oceans of Opportunity. Harnessing Europe s largest domestic energy resource. A report by the European Wind Energy Association Oceans of Opportunity Harnessing Europe s largest domestic energy resource A report by the European Wind Energy Association Oceans of opportunity Europe s offshore wind potential is enormous and able

More information

The secret to getting ahead is getting started. Mark Twain

The secret to getting ahead is getting started. Mark Twain Looking back, looking forward A UK perspective The secret to getting ahead is getting started Mark Twain Willis 1 Beauty in numbers 40 10% A turbine was installed offshore on average every 40 hours since

More information

New offshore wind leasing for Scotland. Discussion Document

New offshore wind leasing for Scotland. Discussion Document New offshore wind leasing for Scotland Discussion Document May 2018 Contents 1. Foreword 3 2. Introduction and context 4 3. Aim of leasing process and purpose of this Discussion Document 6 4. Leasing explained

More information

DONG Energy Wind Power NORWEA Finance Seminar Oslo 30 th -31 st January 2013

DONG Energy Wind Power NORWEA Finance Seminar Oslo 30 th -31 st January 2013 DONG Energy Wind Power NORWEA Finance Seminar Oslo 30 th -31 st January 2013 Long-term vision: To supply reliable energy without CO 2 TODAY'S PRODUCTION FUTURE PRODUCTION 85% 15% 15% 85% DONG Energy has

More information

83C Questions and Answers

83C Questions and Answers 83C Questions and Answers (2) Section 1.7.4.1 Can the Evaluation Team provide guidance on the scope and amount of information that could be requested from ISO-NE, and the expected magnitude of any associated

More information

NORTH AMERICAN MARKET CONTINUES TO BE ATTRACTIVE

NORTH AMERICAN MARKET CONTINUES TO BE ATTRACTIVE NORTH AMERICAN MARKET CONTINUES TO BE ATTRACTIVE Chris Brown President, Vestas North America Copenhagen, 29 November 2018 CHRIS BROWN Vestas, North America Vestas WTG Sales North American Order Intake

More information

FOCUS ON EDF EN Analyst Group Lunch Meeting - 6 July 2017

FOCUS ON EDF EN Analyst Group Lunch Meeting - 6 July 2017 FOCUS ON EDF EN Analyst Group Lunch Meeting - 6 July 2017 Antoine Cahuzac - Group Senior Executive VP of Renewable Energies and CEO of EDF Énergies Nouvelles Bruno Fyot COO of EDF EN Denis Rouhier CFO

More information

Investor and Analyst presentation Senvion S.A.

Investor and Analyst presentation Senvion S.A. Investor and Analyst presentation Senvion S.A. Nine month results for the period ended on 30 September 2018 14 November 2018 Disclaimer This presentation (the Presentation ) has been prepared by Senvion

More information

Report Q Export Credit Norway

Report Q Export Credit Norway Report Q4 18 Export Credit Norway Q4 18 Increasing application inflow In the fourth quarter of the year, Export Credit Norway received 81 financing applications representing a total application volume

More information

Nordex AG. Conference Call Q Nordex AG. Nordex AG Conference Call. May 26, Nordex AG Conference Call FY Q1/2009 May 22, 2009

Nordex AG. Conference Call Q Nordex AG. Nordex AG Conference Call. May 26, Nordex AG Conference Call FY Q1/2009 May 22, 2009 Nordex AG Nordex AG Conference Call Q1/2009 May 22, 2009 Nordex AG Conference Call Q1 2008 Nordex AG Conference Call FY 2008 April 21, 2009 May 26, 2008 Page 1 Overview Promising start to 2009 Sales +17%

More information

International Wind Energy Development

International Wind Energy Development International Wind Energy Development Thornton Bank II, Belgium, the first commercial 6MW+ turbine installed offshore C-Power N.V., photographer Tom D Haenens. Offshore Report 2013 Published by BTM Consult

More information

Electricity market in the. Simon-Erik Ollus Baltic Energy Forum, Vilnius 20 November 2014

Electricity market in the. Simon-Erik Ollus Baltic Energy Forum, Vilnius 20 November 2014 Electricity market in the Baltic Sea area today Simon-Erik Ollus Baltic Energy Forum, Vilnius 20 November 2014 Disclaimer This presentation does not constitute an invitation to underwrite, subscribe for,

More information

Gunnar Groebler Head of Business Area Wind. Vattenfall Capital Markets Day, Solna, 19 September 2016

Gunnar Groebler Head of Business Area Wind. Vattenfall Capital Markets Day, Solna, 19 September 2016 Gunnar Groebler Head of Business Area Wind Vattenfall Capital Markets Day, Solna, 19 September 2016 FACTS AND FIGURES BA WIND Business Area Wind, which is responsible for Vattenfall s wind power operations,

More information

The role of electricity demand reduction in managing Levy Control Framework costs

The role of electricity demand reduction in managing Levy Control Framework costs BRIEFING PAPER, October 2013 The role of electricity demand reduction in managing Levy Control Framework costs Simon Skillings, Senior Associate, E3G 1 > There is a risk that offshore wind projects will

More information

Leading provider of comprehensive energy services

Leading provider of comprehensive energy services Leading provider of comprehensive energy services Suzanne Thoma, CEO Beat Grossenbacher, CFO Overview Financials FY 2013 and Outlook Strategy Summary page 2 Continued challenging business environment Neighbouring

More information

GARDEN STATE OFFSHORE ENERGY STRAW PROPOSAL FOR NEW JERSEY OFFSHORE WIND RPS CARVE-OUT

GARDEN STATE OFFSHORE ENERGY STRAW PROPOSAL FOR NEW JERSEY OFFSHORE WIND RPS CARVE-OUT GARDEN STATE OFFSHORE ENERGY STRAW PROPOSAL FOR NEW JERSEY OFFSHORE WIND RPS CARVE-OUT Garden State Offshore Energy (GSOE), a joint venture of PSEG Global and Deepwater Wind, submits the following straw

More information

Submission by EDPR to The Scottish Parliament Devolution. (Further Powers Committee) on The Crown Estate and Offshore Wind

Submission by EDPR to The Scottish Parliament Devolution. (Further Powers Committee) on The Crown Estate and Offshore Wind Submission by EDPR to The Scottish Parliament Devolution (Further Powers Committee) on The Crown Estate and Offshore Wind 1. About EDP Renewables With headquarters in Madrid, EDPR s business consists of

More information

Creating value in a sustainable way

Creating value in a sustainable way Creating value in a sustainable way financial results to 31 march 2018 and business update 25 May 2018 Creating value in a sustainable way - strategy Building on SSE s Strength to create value Richard

More information

UK Offshore Wind Market Study Final Report (Executive Summary) A report by Redpoint Energy Limited in association with GL Garrad Hassan

UK Offshore Wind Market Study Final Report (Executive Summary) A report by Redpoint Energy Limited in association with GL Garrad Hassan UK Offshore Wind Market Study Final Report (Executive Summary) A report by Redpoint Energy Limited in association with GL Garrad Hassan October 2012 1 Copyright This report has been prepared by Redpoint

More information

Hvide Sande, Denmark

Hvide Sande, Denmark Hvide Sande, Denmark Hvide Sande is a small community of approximately 3500 souls, situated on the small strip of land between the North Sea and Ringkøbing Fjord. The town is most likely the youngest

More information

Third quarter Vestas Wind Systems A/S. Copenhagen, 7 November 2018

Third quarter Vestas Wind Systems A/S. Copenhagen, 7 November 2018 Third quarter Vestas Wind Systems A/S Copenhagen, 7 November Disclaimer and cautionary statement This document contains forward-looking statements concerning Vestas financial condition, results of operations

More information

Aquaculture Insurance

Aquaculture Insurance Aquaculture Insurance Longline Environment A knowledge company Longline Environment was founded in 2005, to provide marine environmental products and services based on 20 years of research and technology

More information

Mobilising institutional investment in offshore wind

Mobilising institutional investment in offshore wind Mobilising institutional investment in offshore wind Gavin Templeton, Head of Sustainable Finance June 2017 Offshore wind specialist with a proven track record In four years, GIB has deployed 2,261m of

More information

Offshore Wind New Leasing Stakeholder Engagement Event 15 th November OSW New Leasing Stakeholder Engagement

Offshore Wind New Leasing Stakeholder Engagement Event 15 th November OSW New Leasing Stakeholder Engagement Offshore Wind New Leasing Stakeholder Engagement Event 15 th November 2018 38255-TCE-PRS-002 20181115 OSW New Leasing Stakeholder Engagement Welcome This presentation is provided for information purposes

More information

Offshore Wind Transmission 2019 NASEO Energy Policy Outlook Conference Offshore Wind: The Giga Opportunity

Offshore Wind Transmission 2019 NASEO Energy Policy Outlook Conference Offshore Wind: The Giga Opportunity Offshore Wind Transmission 2019 NASEO Energy Policy Outlook Conference Offshore Wind: The Giga Opportunity Kent Herzog Competitive Transmission Manager Agenda Burns & McDonnell Overview Offshore Wind Market

More information

Legislative support of RES in the Russian Federation. Russian Association of Wind Power Industry, RAWI

Legislative support of RES in the Russian Federation. Russian Association of Wind Power Industry, RAWI Legislative support of RES in the Russian Federation Russian Association of Wind Power Industry, RAWI RES support legislation principles The plan of capacity commissioning ( quotas for tender for LTCA

More information

The Economics and Financing of Distributed Generation Investment. Budapest, Hungary November 17, 2016

The Economics and Financing of Distributed Generation Investment. Budapest, Hungary November 17, 2016 The Economics and Financing of Distributed Generation Investment Budapest, Hungary November 17, 2016 Topics to Cover How to Finance Distributed Generation Investments 1 Importance of financial aspects

More information

Unlock a future of infinite potential

Unlock a future of infinite potential Unlock a future of infinite potential Introduction Travelers is a leading provider of insurance for the renewable energy sector Contents Introduction 3 Case study 4 Insurance for renewables 6 Why Travelers?

More information

Q4 and FY 2017 results. 15 March 2018

Q4 and FY 2017 results. 15 March 2018 Q4 and FY 2017 results 15 March 2018 Business environment has further improved for offshore wind Offshore Wind Grid connected capacity addition offshore 2017-2026 for top 20 markets1 40 73 GW IN TOTAL

More information

POLICY NO I. INTRODUCTION

POLICY NO I. INTRODUCTION POLICY NO. 300.11 SUBJECT: Distributed Generation Policy I. INTRODUCTION A. This policy shall apply to the interconnection and extended parallel operation of all qualifying distributed generation installations

More information

Offshore transmission investments How to regulate these investments? Who should act?

Offshore transmission investments How to regulate these investments? Who should act? Offshore transmission investments How to regulate these investments? Who should act? North Seas Countries Offshore Grid Initiative (NSCOGI) Copenhagen, 18-19 April 2012 Leonardo Meeus (Florence School

More information

PRE-BID CONFERENCE Wind-generated electricity

PRE-BID CONFERENCE Wind-generated electricity PRE-BID CONFERENCE Wind-generated electricity Block of 450 MW Call for tenders A/O 2013-01 PRE-BID CONFERENCE AGENDA Introduction (15 minutes) ; Presentation (60 minutes) ; Pause (15 minutes) ; Question

More information

Quarterly Financial Results (Unaudited) (for the Nine Months Ended December 31, 2017)

Quarterly Financial Results (Unaudited) (for the Nine Months Ended December 31, 2017) This is an English translation of the Financial Results (Kessan Tanshin) filed with the Tokyo Stock Exchange on January 31, 2018. Please note that if there is any discrepancy, the original Japanese version

More information

A critical view on provisions on demand response (DR) aggregation in the draft Electricity Directive

A critical view on provisions on demand response (DR) aggregation in the draft Electricity Directive A critical view on provisions on demand response () aggregation in the draft Electricity irective Energiforsk Conference, Stockholm November 23, 2017 r. Tim Mennel 1 2017 SAFE, SMATE, GEENE NV GL Energy,

More information

GREEK RENEWABLES SUPPORT SCHEME PROPOSALS

GREEK RENEWABLES SUPPORT SCHEME PROPOSALS BRIEFING GREEK RENEWABLES SUPPORT SCHEME PROPOSALS MARCH 2016 BRIEF OUTLINE OF THE SCHEME PHOTOVOLTAIC PROJECTS TRANSITIONAL PROVISIONS NON-INTERCONNECTED ISLANDS COMPETITIVE BIDDING PROCESS FROM 2017

More information

Arise Windpower AB. Company presentation February 2013

Arise Windpower AB. Company presentation February 2013 Arise Windpower AB Company presentation February 2013 Cautionary statement This document does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to

More information

Nordex AG. Nordex AG. Conference Call Q Nordex AG Conference Call Q May 26, May 26, Page 1

Nordex AG. Nordex AG. Conference Call Q Nordex AG Conference Call Q May 26, May 26, Page 1 Nordex AG Nordex AG Conference Call Q1 2008 Nordex AG Conference Call Q1 2008 May 26, 2008 May 26, 2008 Page 1 Highlights in Q1/2008 Financial highlights Total revenue up 50% in Q1/08 compared to Q1/07

More information

Show me the Money. Rabobank International. Marc Schmitz Rabobank December 20 th 2011

Show me the Money. Rabobank International. Marc Schmitz Rabobank December 20 th 2011 Show me the Money Rabobank International Marc Schmitz Rabobank December 20 th 2011 -How viable is the offshore wind sector? The history of onshore and offshore wind Onshore wind Started in 1985 with first

More information

SMA SOLAR TECHNOLOGY AG Analyst / Investor Presentation Financial Results 2017

SMA SOLAR TECHNOLOGY AG Analyst / Investor Presentation Financial Results 2017 SMA SOLAR TECHNOLOGY AG Analyst / Investor Presentation Financial Results 2017 Pierre-Pascal Urbon, CEO Ulrich Hadding, CFO March 28, 2018 Date, Author SMA Solar Technology AG Disclaimer IMPORTANT LEGAL

More information

November HSBC Green Bond Report

November HSBC Green Bond Report November 2018 2 Introduction It s no exaggeration to say green bonds are the pathfinder for the low carbon transition. And, speaking for HSBC, we are dedicated to promoting the principles that have shaped

More information

Interim Report. First Quarter of Fiscal siemens.com. Energy efficiency. Intelligent infrastructure solutions. Next-generation healthcare

Interim Report. First Quarter of Fiscal siemens.com. Energy efficiency. Intelligent infrastructure solutions. Next-generation healthcare Energy efficiency Next-generation healthcare Industrial productivity Intelligent infrastructure solutions Interim Report First Quarter of Fiscal 2014 siemens.com Key to references REFERENCE WITHIN THE

More information

GLOBAL NEW INVESTMENT IN RENEWABLE ENERGY BY ASSET CLASS, ($BN)

GLOBAL NEW INVESTMENT IN RENEWABLE ENERGY BY ASSET CLASS, ($BN) GLOBAL NEW INVESTMENT IN RENEWABLE ENERGY BY ASSET CLASS, 2004 14 ($BN) Growth: 62% 54% 37% 18% -2% 33% 18% -8% -10% 17% 237 279 256 232 270 73 112 154 182 178 Corporate R&D Government R&D VC/PE Public

More information

Abbreviations used in this report

Abbreviations used in this report Report 10 April 2018 Subject: Use of Green Bond Proceeds for the period 01.01.2017 to 31.12.2017 Abbreviations used in this report MW Megawatt GWh Gigawatt hour(=1000 MWh) TWh Terawatt hour(=1000 GWh)

More information

SSE Financial Results. Full year to 31 March 2015

SSE Financial Results. Full year to 31 March 2015 SSE Financial Results Full year to 31 March 2015 Lord Smith of Kelvin Chairman 2 SSE is a great company with fantastic people Lord Smith of Kelvin Dividend growth (p/share) 100 80 60 40 20 0 Capex ( bn)

More information

FISHERMEN S ENERGY OF NEW JERSEY, LLC

FISHERMEN S ENERGY OF NEW JERSEY, LLC FISHERMEN S ENERGY OF NEW JERSEY, LLC P. O. BOX 555 CAPE MAY, NJ 08204 USA 609-884-3000 www.fishermensenergy.com January 5, 2009 Mr. Lance R. Miller - Chief of Policy and Planning Mr. Michael Winka - Director,

More information

Siemens Energy: Renewable Energy Division

Siemens Energy: Renewable Energy Division Siemens Energy: Renewable Energy Division René Umlauft CEO Renewable Energy Nuremberg, Safe Harbour Statement This document contains forward-looking statements and information that is, statements related

More information

CAUTION CONCERNING FORWARD-LOOKING STATEMENTS:

CAUTION CONCERNING FORWARD-LOOKING STATEMENTS: General Electric Company Update June 26, 2018 CAUTION CONCERNING FORWARD-LOOKING STATEMENTS: This document contains "forward-looking statements" that is, statements related to future events that by their

More information

Senvion SA Annual Results Presentation 2017 March 15, 2018

Senvion SA Annual Results Presentation 2017 March 15, 2018 Senvion SA Annual Results Presentation 2017 March 15, 2018 Disclaimer This presentation (the Presentation ) has been prepared by Senvion S.A. ( Senvion and together with its subsidiaries, we, us or the

More information

Conditions for tender of aid for electricity generated by onshore wind turbines, open door offshore wind turbines, and solar PV installations

Conditions for tender of aid for electricity generated by onshore wind turbines, open door offshore wind turbines, and solar PV installations Conditions for tender of aid for electricity generated by onshore wind turbines, open door offshore wind turbines, and solar PV installations December 2017 1 1. THE CONTRACTING AUTHORITY... 4 2. REGULATION

More information