Offshore Wind Turbines: Shaving Costs on the Foundations

Press Release
Tuesday, March 26, 2013

In a recent survey conducted by Wind Energy Update (WEU), five sub-areas of wind power plant installation were selected for cost reduction.

The sub area selected by the senior executives with most potential for cost reduction was foundations, with almost twice as many responses as the next closest.

Foundations make up 19% of an offshore wind power plant’s LCOE according to Lindoe Offshore Renewables Center [LORC]. Foundation cost reduction, and the cost of the logistics to their installation, constitute a very relevant means of further lowering the LCOE of offshore wind projects.

Partnerships and integration key to success 
For offshore wind to remain relevant, installation and operational costs must reduce. A significant reason that foundations should be the first area of cost consideration is that they are required not only for the turbines, but also for each structure in the power plant. Sub stations, met masts and accommodation quarters are also areas for potential cost savings.

Tom Evans, Managing Director at Wind Energy Update says, “The offshore wind industry faces a Catch 22 scenario …a desire to innovate and see new solutions brought to market, but realistic investors need proven track records and low risk from service providers. Simply due to the volume of foundations used on projects, an opportunity is present to dedicate a sample section of new builds to testing, and should the tests prove conclusive, the option to roll out at scale is possible.”

The Offshore Wind Foundations Report, published March 2013 is based on over 12,000 pieces of data, company case studies and industry interviews, 1270+ survey responses, proprietary and secondary material. To access the report click here.

Maritime Reporter September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Technology

Unlocking Seabed Secrets with Underwater Robots

From September 22 to October 13, 2014, the NATO Research Vessel Alliance is conducting the Multinational AutoNomy Experiment (MANEX ‘14) along the Ligurian coast

Jaccar Holdings & Hartmann form JV

Jaccar Holdings of Luxemburg and Hartmann Group of Leer, Germany, announce the establishment of a joint venture for the commercial management of ethane carriers.

Keel Laid in S. Korea for 1,200-passenger Vessel

The keel of the 1,200 passenger vessel designed by the engineering and technology group SENER was recently laid in the Factory No. 2 of POSCO PLANTEC, in Ulsan, South Korea.

Offshore

Seismic Cooperation in Barents Sea Gives New Perspectives

Statoil and its partners have completed their joint seismic acquisition project in the south-eastern Barents Sea. New forms of cooperation have ensured resource-efficient acquisition.

Vallianz Acquires OER Holdings for $28m

Vallianz Holdings Limited, a provider of offshore support vessels and integrated marine solutions to the oil and gas industry, has today announced that it is acquiring OER Holdings Pte.

Victaulic Debuts Delta-Y Assembly for Offshore

Victaulic  introduces the Style DLY Delta-Y assembly, a combination of preassembled Victaulic cast grooved fittings, rigid couplings and butterfly valves. The Delta-Y

Underwater Engineering

Unlocking Seabed Secrets with Underwater Robots

From September 22 to October 13, 2014, the NATO Research Vessel Alliance is conducting the Multinational AutoNomy Experiment (MANEX ‘14) along the Ligurian coast

General Dynamics Bags $ 50 mi Submarine Contracts

General Dynamics Advanced Information Systems, a business unit of General Dynamics was awarded two contract modifications totaling $50 million to continue supporting

Swissco Doubles Rig Fleet

SGX Mainboard-listed Swissco Holdings Limited an integrated, international marine services provider, today announced having completed the acquisition of four additional mobile offshore drilling units,

 
 
Maritime Contracts Maritime Security Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1370 sec (7 req/sec)