Overview
A US-based developer had ambitions to develop nearshore leadership using a small, nearshore wind farm in state waters using marinized onshore turbines. It needed to negotiate a seabed lease with a State and repurpose oil and gas infrastructure. We were asked to evaluate the technical and commercial viability of these options.
Our work included a levelized cost of electricity (LCOE) analysis for various nearshore project configurations. These were compared to typical federal waters offshore wind projects. Our analysis played a critical role in a pivot to a more focused, single-turbine demonstration project.
Key challenges
- Non-standard installation options
- Highly variable project characteristics
- Comparing LCOE across configurations
- Evaluating non-traditional offtake options
- Navigating uncertain site constraints
Key impact
- Ruled out technically and financially infeasible options to establish nearshore leadership
- Delivered comprehensive LCOE modelling
- Identified viable project locations
- Provided internal rate of return analysis
- Supported a strategic shift
BVGA team

