As long as politicians delay long-term plans within sustainable energy and threaten to reopen the energy discussions at a political level, it’ll be impossible to reduce offshore wind energy prices. The offshore wind and energy sector as a whole has a high-risk profile. Financing isn’t easy to come by, and certainly not if there is concern over the political framework. Continue reading
Reducing costs of operation is critical to the long-term future of offshore wind energy. We need to see more cooperation between utilities, turbine manufacturers and vessel operators in optimising contracts, resources and standards across the industry if we are to see the efficiencies the industry demands.
A recent report on the offshore wind industry commissioned by OffshoreWindOM.com highlights the significant cost savings available. Digging deeper into the research behind the report, there are several important factors that will help drive the industry to the next level. Continue reading
Health and safety is more than just wearing a helmet and safety shoes. Offshore wind farm owners and operators need to be thinking about it already at the contract negotiation stage, so they can bring it into their scheduling plans and consider how it will affect the financing of the project.