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Addressing the energy crisis in Europe, this project aims to connect offshore wind power with interconnections, reducing costs and promoting sustainability. It focuses on modernizing the energy infrastructure, tackling issues like high energy prices, lack of storage, and unbalanced production. With a collaborative approach, the consortium seeks to offer feasible solutions, not just recommendations, through technical design, regulatory considerations, and financial planning. The project, initiated in 2013, is making significant progress, with expected results by mid-2014 and final outcomes in 2016.
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Towardsan modern and integrated offshore electricityinfrastucture
Increasingpricedifferencesbetweencountries Energy prices in Europefarhigherthan US (shale gas) and Asia (coal) • slow killer of ourindustry, bancrupcyoremigratingindustry (Aldel Groningen, Dow Chemical) • slowing down economicgrowth • unemployment and negativesocialeconomiceffects
Leading to • Dumping: electricity for free • A climate that dis-stimulates investments in production capacity
Unbalancebetweenproductionanddemand • No easy fix. Futuresolutions: power to gas and electricitystorage • Currentsolution: more interconnectioncapacitybetweencountries (we cannot store enoughelectricity) • We need a new and modern electricityinfrastructure A growingurgency at European level to solve these problems
Connecting offshore wind withinterconnection We believe: • This will lead to a decrease of the cost of energy • And a significant cost reduction of offshore wind With the right approach!
Consortium Synergies at Sea • A group of highlymotivatedcompanies and institutes • Contributingwithowninvestments • Looking at the different parts of the system • We aim to offer solutions, notjustrecommendations
A new and modern energyinfrastructure (1) • Feasibility (technical, regulatory, business case) • Technical design • The role of the law • Ownership
A new and modern energyinfrastructure (2) • Capacity of the cables (distribution and trading) • Financing • Embeddinginsecurities – realoptionsmethod • DistributedTemperatureSensing • Value Engineering
Progress and results • Project has started in 2013 and now at full steam • First resultsexpectedmid 2014 • Consultation (TSO’s, Pension Funds, Utilities) • Dessimination of intermediateresults at conferences • Finalresults 2016