- 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.
- Utilities
Floating offshore wind emerges on the horizon
The myth that floating offshore wind doesn’t perform as well as bottom-fixed is on its way to being busted. Floating offshore wind has advanced rapidly in recent years. Operating since Autumn 2017, Hywind Scotland has shown promising results with a capacity factor well over 50%.
- Utilities
Data analytics in the electricity sector
Data analytics has already changed several industries and the power sector is next. Whilst there are many positive impacts currently being realized from data analytics, with more to come, there are also challenges to be overcome.
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