U.K. Could Save $5.6 Billion by Linking Offshore Wind Farms: Report

(Bloomberg)
Friday, March 02, 2012

Bloomberg reports that the U.K. could save as much as $5.6 billion by connecting offshore wind farms to each other, cutting down on construction and operating costs.
As much as 15 percent of the cost could be knocked off the bill for building wind infrastructure, according to a report today from the Department of Energy and Climate Change and energy regulator Ofgem.
The U.K. is seeking to have about 18 gigawatts of turbines at sea installed, up from 2 gigawatts at present,  to meet climate change goals. A European “supergrid,” linking Britain’s electricity network to the continent, could reduce the cost of connecting offshore wind farms by a quarter, according to the U.K. parliamentary Energy and Climate Change Committee.
“Linking up power cables between offshore wind farms could make some serious savings, so we would be crazy not to encourage it,” said Energy Minister Charles Hendry.
“The idea of a more streamlined and integrated offshore grid network has been around for some time,” said Beverley Walker, head of offshore renewables at global energy consultancy WSP Future Energy.
The idea of a “web” of cables would help address issues including intermittency, shortfalls in cable supply and the drive for cheaper infrastructure costs, she said.

 

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

Offshore

GulfMark Offshore Records Highest Ever Q1 Revenue

Houston-based GulfMark Offshore President & CEO Quintin Kneen commented on his company's first quarter 2014 financial report: "We recorded our highest first quarter revenue ever,

Offshore Oil & Gas: Brazil’s Northern Frontier

In an effort to spread out oil and gas production to other parts of the country and increase overall oil production, Brazil has finally intensified hydrocarbon

Safety the Focus as Heavy Lifting Picks Up

Modern heavy lift capabilities are crucial for safe, efficient operations offshore Heavy lift operations offshore are an awe-inspiring feat, but an operation that

Energy

Baker Hughes Announces Q2 Conference Call

Baker Hughes Incorporated (NYSE: BHI) announced today that it has scheduled a conference call on Thursday, July 17, 2014, to discuss results for the second quarter 2014, ending June 30, 2014.

Explosion Rocks Natural Gas Processing Plant In Wyoming

An explosion on Wednesday rocked a natural gas-processing plant in Wyoming that can churn out about 2 percent of the daily U.S. gas supply, though no injuries were reported.

Euronav Posts 62% Core Profit Increase

Belgian crude oil shipping group Euronav on Wednesday unveiled a 62 percent rise in first-quarter core profit as daily rates for its fleet rebounded from last year.

Wind Power

UK Subsidises 8 Renewable Energy Contracts

The British government on Wednesday awarded investment contracts under a new subsidy regime to eight renewable energy projects, including five offshore wind farms and three biomass plants.

POSH raises $311m in Singapore IPO

POSH prices IPO at S$1.15 per share, near bottom of indicative range. POSH focuses on service to production, maintenance and is keen on growing offshore accommodation business.

Three NOAA scientists honored by White House

The White House yesterday awarded three NOAA scientists with Presidential Early Career Awards for Scientists and Engineers. The award is the highest honor given

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Offshore Oil Pod Propulsion Salvage Ship Electronics Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | 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: 0.0991 sec (10 req/sec)