Cost benefits of large wind farms

Cost benefits of large wind farms

Overview

Knight Vinke (KV) wanted to explore the cost benefits of  large wind farms.

KV wanted to explore if there are major reductions in levelized cost of energy (LCOE) to be achieved by adopting disruptive approaches to building offshore wind. These included:

  • Taking a very large project (VLP) approach to developing, installing and operating offshore wind as individual 10 to 20 GW projects rather than the many 1 to 2 GW projects
  • The use of Chinese wind turbines
  • Connecting projects with hundreds of kilometres separation
  • Connecting projects to multiple national grids
  • Driving vertical integration of the supply chain
  • Realising innovation-driven savings in floating projects more quickly through a VLP approach accelerating design, test, refine cycles, and
  • Using Government-backed borrowing to reduce the financing cost

KV chose BVGA to explore these areas as our team is one of the leading independent providers of LCOE analysis in offshore wind, with global reach, influence and credibility.

The full report is available here – Unlocking the UK’s Offshore Wind Potential a Net-Zero Future

 

 

Key challenges

  • Understanding global and regional dynamics
  • Evaluating competitive positioning and technical competencies
  • Assessing forthcoming technical innovations
  • Understanding the cost benefits of large wind farms

Key impact

  • Delivered a detailed analysis of the Cost benefits of large wind farms
  • Provided expert commentary on market position, revenue and the market outlook
  • Gained greater awareness of client in offshore wind market

BVGA team

Graham Gow

Graham Gow

Charlotte Dick

Charlotte Dick

Bruce Valpy

Bruce Valpy

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