DNV GL forecasts in a new report the dramatic growth of floating wind power. Projecting a dramatic fall in the cost of the new technology, they see strong opportunities in the field while also saying that more comprehensive industry standards and risk management will be required to support scaling up the technology as it is commercialized.
According to a new report from DNV, the cost of floating wind will fall approximately 70 percent by 2050 to a global average of 40 EUR per MWh. As the cost of the technology falls, they believe that new opportunities will be created as companies in the offshore wind, oil & and gas and maritime industries shift their portfolios to become less dependent on fossil fuels.
Floating wind, they forecast, will play an important role in decarbonizing the global energy system and as the technology develops. They note that following the first successful prototypes and demonstration projects, floating offshore wind is now taking the first steps in commercialization. They foresee 2000-fold growth by 2050 predicting that floating wind will grow to contribute two percent of the world’s power supply in the next 30 years.
“We know that floating wind is technically feasible,” says Remi Eriksen Group President & CEO of DNV GL. “The challenge now is to move rapidly to commercial deployments. There is a wealth of expertise to call on. The know-how from bottom fixed offshore wind, the competences of shipyards, and of oil and gas contractors all broadly align with the technical, logistical and operational challenges of floating wind.”
As part of the in-depth analysis of the global energy landscape published in its recent Energy Transition Outlook 2020, DNV GL forecasts a strong future scenario for floating wind energy. Its model predicted that the installed capacity of floating wind would grow from 100 MW today to 250 GW in 2050.
Unrestrained by ocean depth, DNV predicts that it will be an especially attractive option to bring wind power in reach of much more of the world’s population including the mega cities of Asia Pacific. Although the average cost is not expected to become less than for than bottom-fixed wind, the price difference will narrow as both fall the report says. Key to these savings will be the introduction of larger turbines, larger wind farms, significant technology developments and the creation of a highly cost-competitive supply chain.
“There is a lot of room for innovation and optimization, but also for brand new solutions,” said Magnus Ebbesen, Floating Wind Lead at DNV GL. “That brings some risk, but risks that can be managed and minimized. With an evolving technology, flexibility and forward thinking are imperative. Get it right, and floating wind presents a very attractive opportunity with healthy returns – for investors and the planet.”
DNV GL has played a central role in creating and implementing many of the rules and standards that have helped the maritime, oil & gas and offshore wind (fixed) industries operate and grow safely. The new report documents how learnings from established offshore industries will be important for floating wind. In particular, standardization and risk management will be essential to build stakeholder confidence.
Having been involved in the floating wind market since its beginnings, DNV provides its perspective on how floating wind will boost the energy transition and achieving the cost reductions. They explore the importance of standards to mitigate risks and the solutions for yards to achieve cost-effective floating wind construction.
DNV foresees a knowledge transfer from oil and gas projects to aid in the growth of floating wind, but also concludes that there will be a need for digital innovation to handle the technology’s complexity.
Go to Source
A massive fire broke out at the Port of Beirut on Thursday, incinerating a warehouse full of tires and oil within the port’s free zone. The same area was heavily damaged in the ammonium nitrate explosion that leveled the central port area and the adjacent waterfront on August 4. According to Lebanon’s civil defense agency, […]
Over the course of the past five days, the Australian Maritime Safety Authority arranged a medical intervention for an injured aboard a freighter in the Indian Ocean. On Saturday evening, the Spliethoff tweendecker Dolfijngracht called for assistance while under way about 1,000 nauical miles off the coast of Western Australia. A crewmember had sustained serious […]
The naval forces of the US and Bahrain recently staged a joint force training exercise which showcased the interoperability between coalition warships operating I the Arabian Gulf. Coalition Task Force Sentinel executed combined exercise Sentinel Shield supporting Sentry and Sentinel patrols in the coalition’s area of operations. The guided-missile destroyer USS John Paul Jones and […]
With close to 100 daily cargo flights operated to a destination network spanning more than 65 cities across six continents, Emirates SkyCargo is delivering essential supplies and commodities to people around the world. The air cargo carrier is currently operating 11 Boeing 777 freighter aircraft, each with a capacity to transport about 100 tonnes of […]
The National Transportation Safety Board (NTSB) has released a Marine Accident Brief about an accident that occurred on April 15, 2019, involving the towing vessel DeJeanne Maria which struck the end of a submerged dredge pipeline while pushing two spud barges to the Gulf of Mexico. The incident occurred on the Mississippi River in Pass […]
Best known as a leading passenger airport serving Germany’s most populated federal state North Rhine-Westphalia, Düsseldorf has become transformed into a vital distribution point, during the COVID 19 pandemic, for medical equipment and other life-saving goods, mostly from China. Gerton Hulsman, managing director of cargo operations, reports that the handling teams are working hard to […]
DSV Belgium has solid experience in the transport of pharmaceutical products for different customers. With a pharma hub based at Brussels Airport a lot of experience and know-how has been built up over the years. Last weekend, the forwarder handled one hundred million mouth masks, an important milestone for its Belgian organisation that has put […]
The UK government’s new post-Brexit tariff regime will result in both winners and losers. The new regime is set to replace the European Union’s Common External Tariff from the end of the Brexit Transition Period on December 31, 2020. The UK’s commitment to the ongoing Brexit process and ending the UK’s transition from EU membership […]
Emirates SkyCargo has expanded its weekly scheduled cargo flight operations to cover 75 destinations across six continents. Through its wider reach, Emirates SkyCargo is able to transport essential commodities and other urgently needed cargo more rapidly across the world, allowing exporters and importers across markets to benefit from direct access to widebody cargo capacity. Some […]
Global commercial aviation charter company Albion Aviation Group is reporting that it is seeing a considerable uptake in its professional cargo broker training courses from the current global pandemic crisis and surge in charter demand. “We have completed a number webinar courses for a whole of host of companies, looking to manage their own cargo […]
Operators can continue to use pilots and other crew members who have unable to comply with certain training, recent experience, testing, and checking requirements due to the COVID-19 outbreak in support of essential operations. Additionally, this Special Federal Aviation Regulation (SFAR) provides regulatory relief to certain persons and pilot schools unable to meet duration and […]
Astral Aviation has increased its intra-African network with cargo freighters during the pandemic. While there has been a reduction in capacity to, from, and within Africa, which has been caused by a stoppage of passenger flights and limited frequencies on freighter aircraft, Astral Aviation continues to operate cargo freighters from its Nairobi hub to 13 destinations […]
The U-Freight Group (UFL), with its considerable involvement in eCommerce logistics, says that the latest statistics showing that global e-commerce sales hit $25.6 trillion in 2018 are a further vindication of its decision to enter this sector of the international freight market several years ago. The latest available estimates, up 8% from 2017, were recently […]
Callan Marine is serving as the prime contractor to the Texas Department of Transportation for a maintenance dredging project located at the Bolivar Ferry Terminal, in Galveston, Texas. Work began in May and is estimated to be complete in late July 2020. The project consists of the removal of 600,000 cubic yards of material and […]
Network Airline Management and TAAG Angola Airlines are pleased to announce the renewal of their long-term freighter aircraft contract by an additional 12 months, sealing an ongoing partnership for the foreseeable future. Operating a regular weekly scheduled service from Liege, Belgium, to the capital of Angola, Luanda, Network Airline Management provides a Boeing 747-400F aircraft […]
Qatar Airways Cargo transported 56 SkyCell containers with vaccines from one of the largest vaccine manufacturers worldwide on its scheduled freighter and belly-hold cargo flights for its customer, CEVA Logistics. The 54-tonne shipment consisting of pneumococcal and varicella vaccines were flown from Brussels to Mumbai via the carrier’s hub in Doha on two separate flights. […]