Offshore wind cost reduction study

For a major US enabling organisation, we carried out a state-wide offshore wind cost reduction study.

This study underpinned the enabling organisations subsequent programme of work in offshore wind, including the leasing of a large area of continental shelf for offshore wind.

We were subsequently asked to present our experiences to policy makers on Capitol Hill and through US webinars.

As a member of the project advisory committee and a project participant working for an initiative for offshore wind, we provided strategic direction, modelling insight and peer review to this keynote report to inform strategy to minimise cost of a potentially significant pipeline of offshore wind. This included establishing modelling boundaries and assumptions and estimating the cost impact of a range of policy assumptions.

This was based on our experience in other markets and a bottom-up modelling activity. We also considered ways to drive supply chain development and maximise positive economic impact within real-world constraints. Finally, we shared in peer review activities.