|By PR Newswire||
|January 6, 2014 02:30 PM EST||
LONDON, Jan. 6, 2014 /PRNewswire/ -- Reportbuyer.com just published a new market research report:
Offshore wind spending set to average almost €15 billion per year over the next ten years
Douglas-Westwood forecast offshore wind installations averaging 3.2 GW per year over the next ten years with capital expenditure hitting a peak of ?18bn in 2016. This report presents a new longer-term forecast and examines the key commercial developments since the last publication to provide detailed insight to established players and new entrant alike.
The increase in turbine capacity is considered to be one of the key factors for reducing the cost of energy, and European offshore wind developers will be specifying larger wind turbines with capacities of 5MW or greater. The size of the components for these future wind turbines will create unique challenges for installers, foundation designers and service providers.
As the industry seeks to reduce costs, a new generation of wind turbines designed around the unique requirements of the offshore environment are being rolled out with European project developers increasingly choosing to specify larger models with power outputs of 5 MW or more. The size of the components for these future wind turbines creates a unique set of challenges for installers, foundation designers and service providers.
A new manufacturing supply chain focused on the Northern European markets is slowly developing to meet demand with significant investments being made in aspects such as port infrastructure and foundation manufacturing capacity. At the same time, it will be crucial to leverage the experience and additional supply chain capacity from the offshore oil and gas sector.
The report highlights a series of challenges which are acting to constrain development, including the high cost levels in the industry. Capital outlays and recurring operational spending mean that subsidies are required to support development, at a time when the public finances in key markets such as the UK and Germany are squeezed and the consumer is seeing an upward trend in energy prices. This makes it increasingly difficult for governments to justify support, leading to a focus on identifying cost reduction strategies including standardisation of business practices and development of larger wind turbines designed specifically for the offshore environment.
From a financing perspective the risks associated with offshore construction, new wind turbine technology and offshore operations have made it difficult for project developers to tap into new sources of capital. The current dependence on global utilities to self-fund projects is unsustainable in the long-run, leading to a potential funding gap in the future. As larger players continue to enter the market, often from the offshore oil & gas sector, and new wind turbines reliability is proven over a sustained period of time, it is hoped that new investors will become more comfortable with the risk profile.
Table of Contents
1 Summary and Conclusions
2 Drivers and Indicators
• Political Drivers
• Economic Drivers
• Low Carbon Energy
3 Offshore Wind Project Development
• Offshore Wind Project Life-Cycle
• Offshore Wind Project Costs Structure
• Capex Phase 1: Planning & Development
• Capex Phase 1: Wind Turbine
• Capex Phase 1: Balance of Plant
• Capex Phase 1: Installation
• Opex Phase
• Capex Phase 2: Decommissioning
• Offshore Wind Supply Chain
4 Commercial Insights
• Project Scale
• Supply Chain
• Supply Chain
• Capital and Life-time Costs
• Risk Profile
• Financing Challenges
• Contracting Strategies
• Industry Challenges
• Technology: Wind Turbines
• Technology: Support Structures
• Key Markets
• Key Markets: UK
• Key Markets: Germany
• Key Markets: Denmark
• Key Markets: Belgium
• Key Markets: Netherlands
• Key Markets: China
• Emerging Markets
5 Market Forecasts
• Added Capacity by Country
• Cumulative Capacity by Country
• Capital Expenditure by Country
• Annual Capital Expenditure by Type
• Operational Expenditure
• Segment Forecasts: Wind Turbines by Country
• Segment Forecasts: Wind Turbines by Size
• Segment Forecasts: Wind Turbines by Manufacturer
• Segment Forecasts: Support Structures
• Segment Forecasts: Cables
• Segment Forecasts: Offshore Substations
• Segment Forecasts: Vessels
• Data and Text Conventions
Figures and Tables
• Figure 1: Global Offshore Wind Added Capacity by Country, 2013-2022
• Figure 2: Capital Expenditure by Country, 2013-2022
• Figure 3: Drivers for Offshore Wind - Overview
• Figure 4: EU 2020 Targets - Progress to Date
• Figure 5: Renewable Energy Incentive Mechanisms in Key Markets
• Figure 6: Global Primal Energy Demand Growth - Historic
• Figure 7: EU Energy Dependency, 2011
• Figure 8: Global electricity Generation Forecast
• Figure 9: Levelised Cost of Energy - Key Technologies
• Figure 10: Offshore Wind Project Cycle
• Figure 11: Offshore Wind Cost Breakdown by Project Phase - Capex, Opex, Decommissioning
• Figure 12: Offshore Wind Supply Chain Overview
• Figure 13: Projects scale: average project capacity, distance from shore and water depth
• Figure 14: Offshore Wind Capex Drivers
• Figure 15: Offshore Wind Average Project Capex, 2000-2022
• Figure 16: Planning & Development Time Lines, UK
• Figure 17: Size Evolution of Wind Turbines
• Figure 18: Aerogenerator X
• Figure 19: Two-bladed Offshore Wind Turbine
• Figure 20: Types of Floating Foundations
• Figure 21: Offshore Wind Installed Capacity, 2012
• Figure 22: Cumulative Online* Capacity, UK, 2008-2012
• Figure 23: Cumulative Online* Capacity, Germany, 2008-2012
• Figure 24: Cumulative Online* Capacity, Denmark, 2008-2012
• Figure 25: Cumulative Online* Capacity, Belgium, 2008-2012
• Figure 26: Cumulative Online* Capacity, Netherlands, 2008-2012
• Figure 27: Cumulative Online* Capacity,China 2008-2012
• Figure 28: Offshore Wind Projects' Status Methodology
• Figure 29: Offshore Wind Cumulative Capacity Forecast, 2022
• Figure 30: Added Capacity by Country, 2013-2022
• Figure 31: Cumulative Capacity by Country, 2013-2022
• Figure 32: Capital Expenditure by Country, 2013-2022
• Figure 33: Expected Annual Offshore Wind Capex, 2013-2022
• Figure 34: Planning & Development Annual Capex 2013-2022, € millions
• Figure 36: Balance of Plant Annual Capex 2013-2022, € millions
• Figure 35: Wind Turbine Annual Capex 2013-2022, € millions
• Figure 37: Installation Annual Capex 2013-2022, € millions
• Figure 38: Operational Expenditure by Country, 2013-2022
• Figure 39: Wind Turbines Installed by Country, 2013-2022
• Figure 40: Wind Turbines Installed by Size, 2013-2022
• Figure 41: Wind Turbine Installed by Manufacturer, 2013-2022
• Figure 42: Support Structures Installed by Type, 2013-2022
• Figure 43: Total Cable Length Installed by Country, 2013-2022
• Figure 44: Offshore Substations Installed by Country, 2013-2022
• Figure 45: Installation Vessels Required by Type, 2013-2022
• Figure 46: Personnel Transfer Vessels Required, 2013-2022
• Table 1: Support Structures Types Comparison
• Table 2: Support Structures Types Comparison
• Table 3: Contracting strategies
• Table 4: Emerging Markets
• Table 5: Added Capacity by Country, 2013-2022
• Table 6: Cumulative Capacity by Country, 2013-2022
• Table 7: Capital Expenditure by Country, 2013-2022
• Table 8: Operational Expenditure by Country, 2013-2022
• Table 9: Wind Turbine Installed by Country, 2013-2022
• Table 10: Wind Turbine Installed by Size, 2013-2022
• Table 11: Wind Turbine Installed by Manufacturer, 2013-2022
• Table 12: Foundations Installed by Type, 2013-2022
• Table 13: Total Cable Length by Country, 2013-2022
• Table 14: Total Cable Length by Type, 2013-2022
• Table 15: Offshore Substations Length by Country, 2013-2022
• Table 16: Offshore Substations by Type, 2013-2022
• Table 17: Installation Vessels Required by Type, 2013-2022
• Table 18: Personnel Transfer Vessels Required, 2013-2022
Read the full report:
World Offshore Wind Market Forecast 2013-2022
Traditional on-premises data centers have long been the domain of modern data platforms like Apache Hadoop, meaning companies who build their business on public cloud were challenged to run Big Data processing and analytics at scale. But recent advancements in Hadoop performance, security, and most importantly cloud-native integrations, are giving organizations the ability to truly gain value from all their data. In his session at 19th Cloud Expo, David Tishgart, Director of Product Marketing ...
Oct. 25, 2016 12:00 PM EDT Reads: 2,657
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform and how we integrate our thinking to solve complicated problems. In his session at 19th Cloud Expo, Craig Sproule, CEO of Metavine, will demonstrate how to move beyond today's coding paradigm ...
Oct. 25, 2016 11:45 AM EDT Reads: 3,786
Although it has gained significant traction in the consumer space, IoT is still in the early stages of adoption in enterprises environments. However, many companies are working on initiatives like Industry 4.0 that includes IoT as one of the key disruptive technologies expected to reshape businesses of tomorrow. The key challenges will be availability, robustness and reliability of networks that connect devices in a business environment. Software Defined Wide Area Network (SD-WAN) is expected to...
Oct. 25, 2016 11:45 AM EDT Reads: 2,056
SYS-CON Events announced today that StarNet Communications will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. StarNet Communications’ FastX is the industry first cloud-based remote X Windows emulator. Using standard Web browsers (FireFox, Chrome, Safari, etc.) users from around the world gain highly secure access to applications and data hosted on Linux-based servers in a central data center. ...
Oct. 25, 2016 11:45 AM EDT Reads: 2,154
OnProcess Technology has announced it will be a featured speaker at @ThingsExpo, taking place November 1 - 3, 2016, in Santa Clara, California. Dan Gettens, OnProcess’ Chief Analytics Officer, will discuss how Internet of Things (IoT) data can be leveraged to predict product failures, improve uptime and slash costly inventory stock. @ThingsExpo is an annual gathering of IoT and cloud developers, practitioners and thought-leaders who exchange ideas and insights on topics ranging from Big Data in...
Oct. 25, 2016 11:42 AM EDT
SYS-CON Events announced today that CDS Global Cloud, an Infrastructure as a Service provider, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. CDS Global Cloud is an IaaS (Infrastructure as a Service) provider specializing in solutions for e-commerce, internet gaming, online education and other internet applications. With a growing number of data centers and network points around the world, ...
Oct. 25, 2016 11:30 AM EDT Reads: 3,595
Developing software for the Internet of Things (IoT) comes with its own set of challenges. Security, privacy, and unified standards are a few key issues. In addition, each IoT product is comprised of (at least) three separate application components: the software embedded in the device, the back-end service, and the mobile application for the end user’s controls. Each component is developed by a different team, using different technologies and practices, and deployed to a different stack/target –...
Oct. 25, 2016 11:30 AM EDT Reads: 2,008
Virgil consists of an open-source encryption library, which implements Cryptographic Message Syntax (CMS) and Elliptic Curve Integrated Encryption Scheme (ECIES) (including RSA schema), a Key Management API, and a cloud-based Key Management Service (Virgil Keys). The Virgil Keys Service consists of a public key service and a private key escrow service.
Oct. 25, 2016 11:30 AM EDT Reads: 1,111
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, will discuss the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
Oct. 25, 2016 11:15 AM EDT Reads: 3,915
Big Data has been changing the world. IoT fuels the further transformation recently. How are Big Data and IoT related? In his session at @BigDataExpo, Tony Shan, a renowned visionary and thought leader, will explore the interplay of Big Data and IoT. He will anatomize Big Data and IoT separately in terms of what, which, why, where, when, who, how and how much. He will then analyze the relationship between IoT and Big Data, specifically the drilldown of how the 4Vs of Big Data (Volume, Variety,...
Oct. 25, 2016 11:15 AM EDT Reads: 1,517
SYS-CON Events announced today that Tintri Inc., a leading producer of VM-aware storage (VAS) for virtualization and cloud environments, will present at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Tintri VM-aware storage is the simplest for virtualized applications and cloud. Organizations including GE, Toyota, United Healthcare, NASA and 6 of the Fortune 15 have said “No to LUNs.” With Tintri they manag...
Oct. 25, 2016 11:15 AM EDT Reads: 3,641
From wearable activity trackers to fantasy e-sports, data and technology are transforming the way athletes train for the game and fans engage with their teams. In his session at @ThingsExpo, will present key data findings from leading sports organizations San Francisco 49ers, Orlando Magic NBA team. By utilizing data analytics these sports orgs have recognized new revenue streams, doubled its fan base and streamlined costs at its stadiums. John Paul is the CEO and Founder of VenueNext. Prior ...
Oct. 25, 2016 11:00 AM EDT Reads: 3,675
SYS-CON Events announced today that eCube Systems, the leading provider of modern development tools and best practices for Continuous Integration on OpenVMS, will exhibit at SYS-CON's @DevOpsSummit at Cloud Expo New York, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. eCube Systems offers a family of middleware products and development tools that maximize return on technology investment by leveraging existing technical equity to meet evolving business needs. ...
Oct. 25, 2016 11:00 AM EDT Reads: 4,535
Ask someone to architect an Internet of Things (IoT) solution and you are guaranteed to see a reference to the cloud. This would lead you to believe that IoT requires the cloud to exist. However, there are many IoT use cases where the cloud is not feasible or desirable. In his session at @ThingsExpo, Dave McCarthy, Director of Products at Bsquare Corporation, will discuss the strategies that exist to extend intelligence directly to IoT devices and sensors, freeing them from the constraints of ...
Oct. 25, 2016 10:45 AM EDT Reads: 3,063
All clouds are not equal. To succeed in a DevOps context, organizations should plan to develop/deploy apps across a choice of on-premise and public clouds simultaneously depending on the business needs. This is where the concept of the Lean Cloud comes in - resting on the idea that you often need to relocate your app modules over their life cycles for both innovation and operational efficiency in the cloud. In his session at @DevOpsSummit at19th Cloud Expo, Valentin (Val) Bercovici, CTO of So...
Oct. 25, 2016 10:45 AM EDT Reads: 2,173