The World's #1 Renewable Energy Network for News, Information, and Companies.

Dong Energy Working to Cut Offshore Wind Cost by 40% This Decade

Dong Energy Working to Cut Offshore Wind Cost by 40% This Decade

Dong Energy A/S, Denmark’s state- controlled utility, is leading a drive to cut offshore wind- power costs by as much as 40 percent by the end of the decade.

Dong is working with six other companies and three British and Irish universities to study ways of using less steel in wind-turbine foundations at sea to make the technology more affordable, it said today in an e-mailed statement.

“The cost of energy from offshore wind turbines must be reduced,” Bent Christensen, a vice president at Dong’s wind division, said in the statement. “We expect to find significant savings” by cutting the size of foundations and changing the way turbines are installed, he said.

Offshore wind power costs about 2.7 times more than onshore turbines, according to Bloomberg New Energy Finance, which puts the cost at about $221 a megawatt-hour over the life of a project. Governments are seeking to reduce the expense of wind farms at sea to expand power supplies without adding to carbon emissions or building on land.

Dong is targeting a price of 100 euros ($134) by 2020, lower than the U.K. government’s goal of 100 pounds ($155).

Dong, RWE AG, Statoil ASA, Statkraft AS, SSE Plc, Iberdrola SA’s Scottish Power division and Vattenfall AB have enlisted researchers at the University of Oxford, University College Dublin and Imperial College London to help with the research.

The project is slated to last 18 months, with results published in early 2015, Dong said. That should enable the findings to be applied to the offshore wind projects that won licenses in the third round of U.K. tenders, it said.

The 600-metric-ton weight of a typical offshore turbine foundation represents a “substantial” cost, Dong said. “A significant contribution can come from this area towards our efforts of reducing the price of offshore wind power by 35 to 40 percent by 2020,” Christensen said.

Copyright 2013 Bloomberg

Read more wind energy news here.

Lead image: Coins and knife via Shutterstock

CURRENT MAGAZINE ISSUE

03/01/2015
Volume 18, Issue 3
file

STAY CONNECTED

To register for our free
e-Newsletters, subscribe today:

FEATURED PARTNERS



EVENTS

Doing Business in Brazil – in partnership with GWEC, the Global Win...

Brazil is one of the most promising markets for wind energy.  Ranke...

Energy Storage USA 2015

Energy Storage USA is the leading conference in the United States focuse...

Wind Power Central America

Wind power projects are expected to reach 46GW of total installed capaci...

COMPANY BLOGS

SunEdison Expands Residential Market Offerings with New PPA, Sales ...

SunEdison has largely focussed on the commercial and utility-scale solar...

Deadline for Inclusion in Solar Power World's Top Solar Contractors...

UPDATE: The official deadline for the Solar Power World T...

Are You Ready for a Natural Disaster?

Guest post by Jenna Clarke  Living in the Shenandoah Valley of Virg...

SOCIAL ACTIVITY

Tweet the Editors! @megcichon @jennrunyon

NEWSLETTERS

Renewable Energy: Subscribe Now

Solar Energy: Subscribe Now

Wind Energy: Subscribe Now

Geothermal Energy: Subscribe Now

Bioenergy: Subscribe Now  

 

FEATURED PARTNERS