Continuum Industries’ Post

Following after Maritime Journal, according to Rystad Energy, global investments in offshore wind are expected to more than double by 2030, with 265 GW of #capacity projected to be installed. These #investments are set to #grow from $46 billion in 2021 to $102 billion by the end of the decade, with about 50% directed towards the #windturbine #CAPEX. Technological advancements could significantly bring down the #costs of #turbine #production and #installation, which might lower the overall investment needed despite the rise in capacity. At the same time, there’s a shift in focus towards other parts of the #offshorewind #industry, such as #grid #infrastructure and #maintenance #services. At the moment, the overall forecast points to a #significant #increase in offshore wind #investments by #2030. Link to full article: https://lnkd.in/gdh5Dbnt

We have reached a critical juncture in Britain with regards to energy infrastructure. The new Government’s plan to decarbonise power by 2030 is both ambitious and achievable, but if we are to meet their target of green energy in six years, then radical action is needed to tackle planning delays which are preventing vital developments from taking place.   To get to Clean Power by 2030, Stonehaven analysis indicates that the Government will need to deliver a further:   - 2GW of gas carbon capture and storage (CCS) - 4GW of long duration energy storage (LDES) - 25GW of offshore wind - 10GW of onshore wind - 20GW of solar - Transmission capacity to hook up new generation: ~500km of onshore capacity and ~2000km of subsea cables.   In our latest report commissioned by Project Tempo, “Healing a fragmented state”, we explore ways to reshape regulatory landscapes to speed up developments and promote economic growth.   Read the full report to explore our detailed insights and recommendations 👉 https://lnkd.in/eqK2V2AN

Another excellent study from the US National Renewable Energy Laboratory. The Atlantic Offshore Wind Transmission Study (https://lnkd.in/e4sVaVHX) evaluates pathways to enable 110 GW of #offshorewind deployments off the US Eastern Seaboard by 2050. It also incorporates Biden Administration targets of 30 GW offshore #wind by 2030 - i.e. it integrates future networks with existing plans for near-term radial connections. Its multi-regional perspective is particularly noteworthy in addition to objective analysis of benefits (electricity production cost savings considering avoided fuel, start-up and O&M costs) and costs.   Although US focused, the main findings are relevant to the extensive offshore wind transmission works currently underway on this side of the Atlantic: Specifically, - Benefits outweigh costs and often by a ratio of 2 to 1 or more - Benefits come from reduced curtailment of offshore wind, reduced usage of higher cost generators and improved system reliability - Offshore networks with inter-regional interties provide the highest value - Early implementation of HVDC standards is essential to future interoperability.

WindEurope’s Autumn Wind Energy Data shows Europe built 6.4 GW of new wind farms in the first half of 2024. Turbine orders were up year on year and auction volumes are strong. But grid bottlenecks are delaying projects. And it’s challenging right now to get big new investments over the line. Further improvements are needed in auction design. Permitting is improving though not everywhere yet. And ports need investments. In the first half (H1) of 2024 Europe added 6.4 GW of new wind energy capacity: 5.3 GW onshore and 1.1 GW offshore. The EU-27 built 5.7 GW of this: 4.7 GW onshore and 1 GW offshore. Germany built the most with 1.7 GW, followed by France (1.2 GW) and Spain (876 MW). Europe now has 278 GW of wind power capacity. 242 GW of this is onshore and 35 GW offshore. The EU-27 now has 225 GW of wind: 205 GW onshore and 20 GW offshore. “Europe isn’t building enough new wind farms to meet its 2030 energy targets," said Giles Dickson CEO of WindEurope. "The numbers will rise in the next 6 years but not by enough. Governments need to act urgently to apply the EU permitting rules and ensure the grids connections are ready on time. They need to help improve the business case for those looking to build new wind farms. And ensure the ports and other logistics are fit for purpose. They must also ramp up their support for the electrification of heating, transport and industry.” #cleanenergy

Wind power is on the rise, and the future looks bright! According to a recent article on Utility Dive, #OffshoreWindEnergy is set to play a pivotal role in the growth of the renewable energy sector in the United States by 2024. With an impressive potential capacity of over 30,000 MW, offshore wind farms are not only poised to generate clean and sustainable energy but also open up a wave of job opportunities. In fact, it is estimated that the offshore wind industry could create more than 83,000 jobs and contribute $25 billion in annual economic output by 2030. 📈 The growth of wind power is no doubt astounding, but it does come with its fair share of challenges. One such challenge is the development of a robust #SupplyChain and transmission infrastructure that supports the scaling up of offshore wind projects. The article emphasizes the need for collaboration and investment to ensure that the industry reaches its full potential. It's encouraging to see that various policies are being put in place to support wind power, such as the Biden Administration's commitment to deploying 30 GW of offshore wind by 2030. With forward-thinking approaches and collective efforts, wind power has the potential to not only provide clean and renewable energy for our future but also drive economic growth and job creation across the United States. #WindPower #RenewableEnergy

Will #Interconnection Become a Project Killer? Interconnecting a renewable energy project with the electric grid can be a long, complex, and expensive process. In fact, the costs and delays associated with the interconnection process can sink your project before it gets started. Thankfully, ERM can evaluate your project interconnections and help you understand and quantify risks and how to avoid them. Through our years of experience working in markets across the country, ERM's interconnection services can help developers understand the system operator’s interconnection process and how to navigate it, interconnection queues and where your project “best fits” on the grid, realistic evaluation of the project’s interconnection opportunity, and hidden risks within existing interconnection studies and reports. ERM works with clients to evaluate their interconnection status: understand where they are in the queue, and ascertain the likelihood of success from a scope, schedule, and budget perspective. While the interconnection process can sometimes be a project killer, understanding the risks and challenges up front will improve the likelihood of interconnecting your project on-time and at a reasonable price. To get started, feel free to reach out directly to Nikki Payne. #renewableenergy #solar #wind

Dear Network, It is with gratitude that the team at TNO Wind Energy brings you the 2023 edition of our Offshore Wind Energy Access Report which can be found here: https://lnkd.in/daTDWtwb In this years edition expect to find: updates on the various equipment and personnel transfer systems on the market; information about more sustainable propulsion system available for new access vessels; an overview on novel access system solutions; an outlook on logistics modelling of offshore wind energy operations. Wishing you an informative read, TNO Wind Energy Team #TNO, #windEnergy, #TNOannualaccessreport

Ofgem has recommended two high-voltage interconnectors between Britain and Europe, totalling 3.2GW, for approval. One of the projects being considered is LionLink, a 1.8GW ‘Offshore Hybrid Asset’ (OHA) connecting Britain to Dutch wind farms in the North Sea. The second is the 1.4GW Tarchon Energy interconnector which will connect the British grid with Germany via a 610km power cable. #energy #interconnectors

USA: NEW BILL BOOSTS MARINE ENERGY INVESTMENT The USA has introduced the Marine Energy Technologies Acceleration Act, a legislation that aims to invest $1 billion in advancing marine energy toward full-scale commercialization. The legislation will provide unprecedented funding to the Department of Energy's Water Power Technologies Office for demonstration projects, research and development, resource mapping, workforce development, and streamlining permitting processes. Eco Wave Power, a company set to install the first US onshore wave energy pilot station at the Port of Los Angeles, has welcomed the introduction of this act, stating that it demonstrates US leadership in climate initiatives and recognizes the vast potential of wave energy in meeting renewable energy targets. ⚡ Follow MPS (Modern Power Systems) for all the latest news daily from the global power generation industry ⚡ #MPS #renewables #marineenergy #waveenergy #tidalpower

The Massachusetts Clean Energy Center’s Wind Technology Testing Center (WTTC) has upgraded its facilities, funded by the U.S. Department of Energy (DOE)’s Wind Technologies Office.    With the capability to test wind turbine blades up to 120 meters long, they are now at the forefront of advancing offshore wind power. This is a significant leap from the initial testing of blades around 50 meters, and it’s already expediting projects like Vineyard Wind 1.    The new features at WTTC, including a wedge plate system for varied blade angles and an increase in potential load points from 8 to 11, enhance the testing process. These enhancements support advanced testing by simulating decades of wear in a few months and demonstrate the commitment to handling increased data from longer blades. #Wearegbe #RenewableEnergy #GreenRecruitment #Solar #News #Renewables