echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > Chemical Technology > How to resolve the offshore wind cost crisis?

    How to resolve the offshore wind cost crisis?

    • Last Update: 2022-11-21
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Offshore wind energy is an inexhaustible treasure trove, but compared with onshore wind power, the high cost is a difficult
    problem to develop offshore wind power.
    Comparing the project cost composition of the two, it can be found that wind turbines account for 60%-80% of the cost of onshore wind power, while wind turbines account for less than half of the cost of offshore wind power, of which other costs such as research and development, approval, licensing, and consulting account for about
    30%.

    According to relevant data, offshore wind power has a high wind speed and generates 50% more power than onshore wind power, although this can partially offset its higher investment costs, but in order to pursue better wind resources, offshore wind farms are located farther and farther offshore, and the water is getting deeper and deeper, which has brought a series of costs such as foundation, grid connection and installation
    .

    On April 22, the "Fifth Annual Conference of the National Offshore Wind Power Engineering Technology Research Center Committee and International Offshore Wind Power High-level Technology Forum" was held in Beijing, Qin Haiyan, Secretary-General of the Wind Energy Professional Committee of the China Renewable Energy Society, Yang Benxin, General Manager of Chongqing Shipbuilding Industry Company, Yao Xingjia, Director of the Wind Energy Professional Committee of Shenyang University of Technology, and Yao Xingjia, Director of the Wind Energy Professional Committee of China Renewable Energy Society, and many other industry celebrities delivered relevant keynote speeches
    。 Qin Haiyan pointed out that offshore wind power represents the frontier and commanding heights in the field of wind power technology, and strengthening technological innovation is an important driving force for reducing the cost of
    wind power generation.
    For example, the design and application of large units with higher reliability and output, more reasonable wind farm layout design and the development of intelligent control technology all provide realistic possibilities
    for offshore wind power cost reduction.
    At the same time, the formation of a mature supply chain in the industry, the cooperation between upstream and downstream of the industry, and the innovative investment and financing methods in the field of renewable energy are also necessary
    to solve the cost problem.

    Yang Benxin believes that the current on-grid electricity price of offshore wind power is low, and the risk and high cost of offshore wind power projects are high, and it is precisely because of the uncertainty brought by these risks and costs that developers have pressed the purchase price of wind power equipment very low, which in turn puts pressure
    on wind power equipment manufacturers.
    From the experience of this industrial development in Europe and the United States, the government should have the responsibility to help the maturity of the market, should concentrate funds, support several manufacturers with high technological maturity in the industry, carry out centralized demonstration, and cultivate and improve the industrial market
    as soon as possible.

    At present, most of the offshore wind power field still relies on the investment of the enterprise field, and the investment of hundreds of millions of dollars often overwhelms enterprises, Yao Xingjia suggested that the government should support more from the policy support, on the other hand, in order to avoid irreversible results, do a good job in technology, market, operation and maintenance and other aspects of preparation, to seek speed in stability, can not just pursue speed
    .

    Offshore wind energy is an inexhaustible treasure trove, but compared with onshore wind power, the high cost is a difficult
    problem to develop offshore wind power.
    Comparing the project cost composition of the two, it can be found that wind turbines account for 60%-80% of the cost of onshore wind power, while wind turbines account for less than half of the cost of offshore wind power, of which other costs such as research and development, approval, licensing, and consulting account for about
    30%.

    Offshore wind

    According to relevant data, offshore wind power has a high wind speed and generates 50% more power than onshore wind power, although this can partially offset its higher investment costs, but in order to pursue better wind resources, offshore wind farms are located farther and farther offshore, and the water is getting deeper and deeper, which has brought a series of costs such as foundation, grid connection and installation
    .

    On April 22, the "Fifth Annual Conference of the National Offshore Wind Power Engineering Technology Research Center Committee and International Offshore Wind Power High-level Technology Forum" was held in Beijing, Qin Haiyan, Secretary-General of the Wind Energy Professional Committee of the China Renewable Energy Society, Yang Benxin, General Manager of Chongqing Shipbuilding Industry Company, Yao Xingjia, Director of the Wind Energy Professional Committee of Shenyang University of Technology, and Yao Xingjia, Director of the Wind Energy Professional Committee of China Renewable Energy Society, and many other industry celebrities delivered relevant keynote speeches
    。 Qin Haiyan pointed out that offshore wind power represents the frontier and commanding heights in the field of wind power technology, and strengthening technological innovation is an important driving force for reducing the cost of
    wind power generation.
    For example, the design and application of large units with higher reliability and output, more reasonable wind farm layout design and the development of intelligent control technology all provide realistic possibilities
    for offshore wind power cost reduction.
    At the same time, the formation of a mature supply chain in the industry, the cooperation between upstream and downstream of the industry, and the innovative investment and financing methods in the field of renewable energy are also necessary
    to solve the cost problem.

    Yang Benxin believes that the current on-grid electricity price of offshore wind power is low, and the risk and high cost of offshore wind power projects are high, and it is precisely because of the uncertainty brought by these risks and costs that developers have pressed the purchase price of wind power equipment very low, which in turn puts pressure
    on wind power equipment manufacturers.
    From the experience of this industrial development in Europe and the United States, the government should have the responsibility to help the maturity of the market, should concentrate funds, support several manufacturers with high technological maturity in the industry, carry out centralized demonstration, and cultivate and improve the industrial market
    as soon as possible.

    At present, most of the offshore wind power field still relies on the investment of the enterprise field, and the investment of hundreds of millions of dollars often overwhelms enterprises, Yao Xingjia suggested that the government should support more from the policy support, on the other hand, in order to avoid irreversible results, do a good job in technology, market, operation and maintenance and other aspects of preparation, to seek speed in stability, can not just pursue speed
    .

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.