DNV, the independent energy expert and assurance provider, has quantified how standardizing turbine designs and securing predictable project pipelines could reduce…
Published
DNV, the independent energy expert and assurance provider, has quantified how standardizing turbine designs and securing predictable project pipelines could reduce the average lifetime cost of electricity from North Sea offshore wind by up to 28% by 2050 in a high-volume scenario.
DNV led the joint industry project (JIP) with eight companies across the European offshore wind supply chain in response to rising project costs, uneven auction results and stop-start development pipelines. The study models levelized cost of energy (LCoE) under three North Sea scenarios from 2025 to 2050. It assesses longer production runs for current turbine platforms as an additional route to lower costs alongside turbine upscaling.
The scenarios show how market growth and production-run length affect costs:
- Business as usual: Moderate growth and a short production run for the current turbine platform reduce LCoE by about 5% by 2035.
- Longer production runs: Under the same market growth, the reduction reaches about 14% by 2035 and 25% by 2050.
- Highest-volume scenario: Sustained deployment increases the reduction to about 19% by 2035 and 28% by 2050.
The model uses turbines around 15 MW on monopile
Content Original Link:
" target="_blank">
