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Offshore Wind Power Big Challenges Big Opportunity

Offshore Wind Power Big Challenges Big Opportunity

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Published by Eric Morgan

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Published by: Eric Morgan on Nov 16, 2010
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11/06/2011

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Offshore wind power:big challenge, big opportunity
Maximising the environmental,economic and security benefits
 
Preface 01Executive summary 021 Implications of the 2020 EURenewable Energy Targets 10
The EU 2020 Renewable Energy Targets 10Implications for the UK 12Conclusion 15
2 Offshore wind farm sites 16
The history of offshore wind farm sites 16Round 3 25GW of new sites 18Location, location, location –why it’s crucial for offshore wind farms 19Delivering on the cost savings 25
3 Grid and planning 26
Introduction 26Why the lights won’t go out on a still daybalancing and backup myths 26Avoiding excess supply curtailment 29Grid connections required but transmissionnetwork reinforcement not necessary 29Implementing grid regulation reformto minimise costs and delays 31Interconnection to minimise costs and fullyexploit the UK’s wind resource 33Planning regulations that deliver 34
4 Technology 36
Overview 36The challenge for technology development 38Opportunities for technology development 40Cost reduction through learning 48The future impact of commodityand material price fluctuations 49Achieving cost competitiveness 49Innovation programme and associatedRD&D investment required 52
5 Supply chain 56
Introduction 56Developers – investing up to £65bnin offshore wind generation 58Turbine manufacturers –how offshore wind complementsa booming onshore market 61Component manufacturing –a strategic focus for the future 65Installation – from a nascent toa growth industry 69Operation and Maintenance –innovation in the supply chain 71Maximising the UK economic benefit 72
6 Incentive mechanism 77
Introduction 77Performance of the plannedbanded RO mechanism 78Options to drive offshore winddevelopment 78Evaluation of different optionsat central electricity prices 79The new paradigm of highelectricity prices 83Conclusion 84
7 Cost/Benefit 88
The cost of offshore wind 88The impacts of a possible new paradigmof high gas prices 90The benefits of offshore wind 90Conclusion 95
8 Recommendations 96
Action required by the UK Government 96Action required by industryand other stakeholders 104
Appendix I 106
Table of Contents
 
01
Offshore wind power
Preface
In March 2007, the European Union set a target that 20% of energy consumed acrossEurope would need to come from renewable sources by 2020. Different countries tookon different targets, based on both their existing renewable capacity and relative GDP percapita. The UK needs to deliver a target of 15%. This needs to be achieved across the threeenergy consumption categories: transport, heat and electricity. Depending on the extent towhich transport and heat deliver, this could require 40% of consumed electricity to comefrom renewables by 2020 – a tenfold increase in just over ten years.In the 2006 report ‘Policy frameworks for renewables’, the Carbon Trust concluded thatoffshore wind power has the greatest potential to deliver renewable electricity power by2020 in the UK. Now with the step change implied by the EU target, this study builds onthe Carbon Trust’s knowledge and experience in offshore wind to assess:

 the 2020 renewable energy target?

 of the UK?

 the above?The extent of industry transformation and the long timescales demand a strategicperspective. The Carbon Trust worked together with the strategy consultancy The BostonConsulting Group (BCG) and commissioned new analyses from technical consultancies.The study draws these together with interviews with leading industry and governmentstakeholders into a cohesive set of insights and recommendations.The study demonstrates that the UK will need to build 29GW of offshore wind by 2020.Whilst this represents a challenge similar in scale to developing North Sea oil and gas,it is technically feasible. Given the amount of investment and public support required,Government has a major role making it possible, minimising costs to the consumerand maximising the UK economic benefit.This study has been developed with strong collaboration from both Government andindustry. It is hoped that they will now take up these recommendations with the priorityand urgency they require.Tom Delay Chief ExecutiveTom Jennings Strategy Manager

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