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Synergies at Sea: Transforming Europe's Offshore Electricity Infrastructure for a Sustainable Future

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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Synergies at Sea: Transforming Europe's Offshore Electricity Infrastructure for a Sustainable Future

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  1. Towardsan modern and integrated offshore electricityinfrastucture

  2. “Europe, we have a problem”

  3. 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

  4. Leading to • Dumping: electricity for free • A climate that dis-stimulates investments in production capacity

  5. 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

  6. Huge interconnectors – connecting countries

  7. EU: Projects of Common Interest

  8. Our mission: Synergies at Sea

  9. 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!

  10. The North Sea in 2020

  11. 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

  12. A new and modern energyinfrastructure (1) • Feasibility (technical, regulatory, business case) • Technical design • The role of the law • Ownership

  13. A new and modern energyinfrastructure (2) • Capacity of the cables (distribution and trading) • Financing • Embeddinginsecurities – realoptionsmethod • DistributedTemperatureSensing • Value Engineering

  14. 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

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