Posters
Come meet the poster presenters to ask them questions and discuss their work
We would like to invite you to come and see the posters at our upcoming conference. The posters will showcase a diverse range of research topics, and will give delegates an opportunity to engage with the authors and learn more about their work. Whether you are a seasoned researcher or simply curious about the latest developments in your field, we believe that the posters will offer something of interest to everyone. So please join us at the conference and take advantage of this opportunity to learn and engage with your peers in industry and the academic community.
PO432: Opportunities for industrialization and standardization in the North Sea offshore wind market
Zoe Goss, Senior engineer, DNV
Abstract
The offshore wind industry is at a pivotal moment. In recent years industry has seen price increases due to higher interest rates and price inflation and has also been hammered by low profits because of delays in planned growth. Previous response from industry to respond to the continued squeeze on margins was to bank on the benefits of continually increasing turbine size. However, with the current installation rate investments into new generations of turbines may not be profitable. DNV has thus launched a Joint Industry Project (JIP), supported by developers, turbine manufacturers, monopile and foundation suppliers, port authorities, transport, installation and operation and maintenance companies, each representing a core ‘actor’ type within the industry. This JIP seeks to answer the question; if the offshore wind industry were to operate within its current capabilities and constraints, while prioritizing improvements in efficiency and execution, what potential impact could this have on future costs and overall industry output? The project focuses on the North Sea market and quantifies the benefits of pausing wind turbine growth for industrialization within current supply chain capabilities, by capturing the benefits of automation, improved reliability, and reduced costs to the different actor types, which would ultimately accelerate deployment and enhance resilience across the sector. Qualitative findings are fed into a holistic model that captures the effects across all actors, to quantify their effect on the North Sea LCoE with time. This active working JIP delivers actionable insights into how industrialization affects component cost, availability, infrastructure investments, and supply chain optimization. The study assesses the impact of different industrialization scenarios for wind farm volume upscaling. The outcomes will support strategic decision-making which help to foster a more predictable and profitable offshore wind industry, aligned with 2050 targets and the broader energy transition
No recording available for this poster.
