Multistate cost analysis

Multistate cost analysis

Overview

Our client was preparing to compete in Massachusetts’ fourth offshore wind solicitation. To support its auction modelling, it commissioned us to deliver a detailed competitor and multistate cost analysis

Our work focused on benchmarking the client’s project against potential rival projects. We used our knowledge of levelized cost of energy (LCOE) modelling, auction dynamics, and developer behaviour to shape the refined bidding strategy

Key challenges

  • Validating assumptions in a competitive landscape
  • Incorporating diverse risk profiles
  • Complex LCOE modelling required
  • Variable project characteristics
  • Shifting economic, regulatory, and technical assumptions

Key impact

  • Informed the client’s auction bidding strategy
  • Multistate cost analysis that provided granular insights into LCOE competitiveness
  • Enabled strategic positioning
  • Enhanced risk management
  • Supported successful internal decision-making

BVGA team

Charlie Boal

Graham Gow

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