- Utilities
Pre-certification: addressing risk earlier
Project certification is a well-accepted, and in some markets mandatory, part of offshore wind farm development. By verifying that a project is being designed, built and operated according to accepted industry standards, certification ensures reliable quality, stable operation and proper risk management.
- Utilities
Tackling extremes for emerging markets
Offshore wind’s massive technical and commercial growth in recent years has centred mainly on Northern Europe. But with the technology going increasingly global, the offshore wind industry is facing extreme conditions that it has never had to consider before.
- Power and renewables
How do you finance projects in a zero-subsidy world?
Offshore wind has grown massively in recent years, driving rapid development in technology and supply chain competition. As a result, the industry has delivered spectacular cost savings with the levelized cost of energy (LCoE) for offshore wind halving in the last four years. As costs have fallen, governments have looked to reduce subsidies, leading to the first auctions won by “zero-subsidy bids”, where wind farms bid to sell their electricity at the wholesale price. More than 2.5 GW of zero-subsidy capacity has now been bid into European offshore markets.
- Utilities
Maximizing performance and cost reductions
The last few years has seen dramatic changes in how offshore wind farms operate, significant cost reductions and improvements in project availability.
- Power and renewables
Wind energy – going offshore
Wind power has significantly grown in the last two years, particularly in Europe and North America. For the future of offshore wind, we expect strengthened support bypassing community opposition, and a fast uptake of offshore wind in new regions where this technology is yet unexploited.
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