Study Targets Reduced Offshore Wind Costs

Posted by Eric Haun
Thursday, March 06, 2014

Xodus Group, Cathie Associates and UTEC Geomarine have formed an industry leading consortium to deliver a study which will aim to reduce the costs of generating electricity from offshore wind farms in U.K. waters.

The Carbon Trust’s Offshore Wind Accelerator (OWA), which brings together nine offshore wind developers (DONG Energy, E.ON, Mainstream Renewable Power, RWE Innogy, ScottishPower Renewables, SSE Renewables, Statkraft, Statoil and Vattenfall) in a joint industry project, is working towards reducing the cost of offshore wind by at least 10% by 2015. Technology challenges are identified and prioritized by the OWA members based on the likely savings and the potential for the OWA to influence the outcomes.

Through the development of the round one and two wind farms it has become apparent that a disproportionate amount of risk lies within the installation and burial of the power cables. This project will look at the methods and equipment used during the design and specification of installation requirements for export and array cable systems in the offshore wind industry. It aims to reduce risks to the cables during installation and operation, and reduce costs for installation and operation and maintenance activities.

The project will see Xodus Group, Cathie Associates and UTEC Geomarine work together to look at present survey methodologies and specifications to review whether they are suitable, review the equipment presently used in the offshore wind industry for cable installation and whether the equipment is appropriately specified and fit for purpose. They will look at the approach to mitigating risk to the cable through the use of the Burial Protection Index (BPI) and, develop a more comprehensive methodology in line with new technology and meeting the demanding requirements of wind farm operators and insurers.

Throughout the project a benchmark wind farm, which includes the key risks identified in the Round 3 wind farms, will be used to perform a cost benefit analysis to confirm the likely reduction in risk profile and potential cost savings offered by the proposals.

Findings will be communicated to the industry as a whole at key renewable energy conferences.

James Hunt, global director for low carbon at Xodus, said, “The consortium has a wealth of experience across the offshore wind and oil and gas sectors, applying industry best practice in the assessment of survey information, assessing cable risk and specifying appropriate equipment in order to reduce the risks for installed offshore infrastructure.

“In addition, we will use our in-house developed value, decision and risk management tools to ensure that all risks and opportunities for mitigation are effectively captured and legislated for in the cost-benefit analysis.”

The work commenced in November and is anticipated to culminate in the issue of a final report in June 2014.
 

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

People & Company News

Mercury Marine Launches Repower Financing

Mercury Marine launched a new repower finance program that aims to make it easier for consumers to get the engine performance they want with flexible financing for a broad range of buyers.

Cargo Container Security Alliance Formed

SC-integrity, Inc. (LoJack SCI) and Contguard Ltd. announced a strategic alliance designed to provide their customers with security and real-time visibility of

Knightsbridge Closes Vessel Acquisition Transaction

Bermuda-based Knightsbridge Tankers Limited announced that it has closed the first stage of its vessel acquisition transaction. Knightsbridge has issued 31 million

Offshore

Technip Further Optimizes its Subsea Assets

Technip signed today an agreement to sell 100% of its North American diving assets to Ranger Offshore Inc.(1). Technip’s strategy focuses on high technology

InterMoor UK Completes 2,300 Accident-free Projects

InterMoor UK Operations, part of Acteon’s foundations and moorings business, says it has completed seven years and more than 2,300 projects without a single lost-time incident (LTI).

Navy Ocean Services Contracts Awarded to Five Firms

The US Department of Defense inform that five firms are to share in a broad range of ocean engineering services contracts with a combined maximum dollar value of US$99-million.

Energy

The Switch to Deliver Full-Power Converter for Floating Power Plant

Vancouver-based Water Wall Turbine Inc. (WWT) has selected The Switch to provide a 500 kW full-power converter for its self-floating power plant. This new system

Maersk Sells Ven Drilling Barges

Danish shipping conglomerate A.P. Moller-Maersk said on Tuesday its offshore oil and gas drilling unit has sold its Venezuelan barge activities. Maersk Drilling

Upcoming Winter Tanker Market Same as Last Year?

Will the 2014/15 winter tanker market be a repeat of the previous one? Poten & Partners consider the question in their latest 'Poten Tanker Opinion'. As the

News

Washington Navy Yard Remembers Shooting One Year Later

It was a day no one who worked on the Washington Navy Yard will ever forget. Shortly after 8 a.m., on Sept. 16, 2013, Navy contractor Aaron Alexis entered the Naval

China, Sri Lanka to Launch FTA Talks

Chinese President Xi Jinping began a visit to Sri Lanka on Tuesday agreeing to open bilateral negotiations for a free trade pact as Beijing tightened its embrace

Maritime Academy Awarded DHS Grant for Arctic Training

Maine Maritime Academy receives $450,000 grant From U.S. Department of Homeland Security for ice navigation and maritime first responder courses for the Arctic Maine

Offshore Energy

The Switch to Deliver Full-Power Converter for Floating Power Plant

Vancouver-based Water Wall Turbine Inc. (WWT) has selected The Switch to provide a 500 kW full-power converter for its self-floating power plant. This new system

Trelleborg Report Optimistic for Port Investment

The latest 'Barometer Report' from Trelleborg's marine operations business sector, discusses the issues impacting ports and terminals around the globe, and reveals

Technip Further Optimizes its Subsea Assets

Technip signed today an agreement to sell 100% of its North American diving assets to Ranger Offshore Inc.(1). Technip’s strategy focuses on high technology

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Offshore Oil Pod Propulsion Port Authority Salvage Ship Simulators Sonar
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: 0.1428 sec (7 req/sec)