Nearshore leadership in US state waters

Nearshore leadership in US state waters

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

Charlie Boal

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