Power and renewables

Huge offshore wind potential exists around the world as wind set to power 30% of global electricity production by 2050

Huge offshore wind potential

New report Offshore wind: The power to progress, delves into 12 key factors which influence the adoption of offshore wind and focuses on the successes, challenges and lessons learnt.

COPENHAGEN, Demark, 27 November 2019 –Wind energy is rapidly becoming the new norm for power generation and will deliver 30% of all global electricity production by 2050, with 12% from offshore wind and 18% from onshore wind. In 2019, mega wind projects achieved a new UK record low of £39.65 (USD51.05) per MWh – a 30% price drop on 2017 prices. New projects such as the  252MW Liuheng (Guodian Zhoushan Putuo) offshore wind farm in China and the 30 MW Block Island wind farm in Rhode Island, USA will help to expand the potential of global offshore wind.

These are just some of the forecasts by DNV GL in a new report, Offshore wind: The power to progress, which is published today. The report delves into 12 key factors which influence the adoption of offshore wind and focuses on the successes, challenges and lessons learnt. It provides an insight into the future of offshore wind and how expansion can be accelerated.

When looking at the future of offshore wind energy, two mega-trends are very clear. Firstly, the relentless drive to reduce the levelized cost of energy (LCoE). Secondly, as a result of the first trend, turbines and wind farms will continue to get bigger.

As wind technology progresses the reports outlines the increased use of robotics and artificial intelligence. In construction, robots will initially supplement human capabilities, for example, in heavy lifts and underwater work. They will go on to handle an increasing amount of offshore wind farm construction, especially for wind farms located in remote and hazardous environments. On the operations and maintenance side, robots will take on activities, such as on-site repairs and inspections inside, outside (by drones and crawlers) and below the surface (by remotely operated vehicles).

Speaking about the report, Ditlev Engel, CEO at DNV GL - Energy, said: “The threat of climate change and the need to meet internationally agreed emissions targets has prompted governments to take major steps towards a lower-carbon energy system. However, we still have a long way to go. The good news is that, after years of impressive progress, offshore wind is ramping up to full commercial maturity and is now becoming a major contributor to global energy production. Now is the right time to pause and ask the question: What have we learnt and how can we push the boundaries of progression much faster in order to fully capitalize on offshore wind going forward.”

Having been involved in the offshore wind market since its inception, the report covers in detail the insights and experiences of DNV GL’s offshore wind experts from around the globe, on the following topics:

  • The role of policy for offshore wind growth
  • Wind turbine design: is this maturity
  • The emergence of floating wind
  • Establishing supply chains in emerging markets
  • Transnational offshore grid development to accelerate the energy transition
  • How to finance projects in a zero-subsidy world
  • Maximising performance and cost reduction
  • Opportunities for European developers in emerging markets
  • Managing cyclone and earthquake challenges: Offshore projects in extreme weather conditions
  • Developments in the U.S. offshore industry
  • The future of offshore wind

The new report is available to download here.

About DNV GL

DNV GL is a global quality assurance and risk management company. Driven by our purpose of safeguarding life, property and the environment, we enable our customers to advance the safety and sustainability of their business. We provide classification, technical assurance, software and independent expert advisory services to the maritime, oil & gas, power and renewables industries. We also provide certification, supply chain and data management services to customers across a wide range of industries. Operating in more than 100 countries, our experts are dedicated to helping customers make the world safer, smarter and greener.

DNV GL delivers world-renowned testing, certification and advisory services to the energy value chain including renewables and energy management. Our expertise spans onshore and offshore wind power, solar, conventional generation, transmission and distribution, smart grids, and sustainable energy use, as well as energy markets and regulations. Our experts support customers around the globe in delivering a safe, reliable, efficient, and sustainable energy supply.

Learn more at www.dnvgl.com/power-renewables