RENEWABLE ENERGY SOURCES IN THE BALTICS · RENEWABLE ENERGY SOURCES IN ... Offshore wind shows...
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Tallinn – 29 September 2017 Martin Neubert, Chief strategy officer For questions and comments: Øyvind Vessia, [email protected] RENEWABLE ENERGY SOURCES IN THE BALTICS
Transcript of RENEWABLE ENERGY SOURCES IN THE BALTICS · RENEWABLE ENERGY SOURCES IN ... Offshore wind shows...
Tallinn – 29 September 2017
Martin Neubert, Chief strategy officer
For questions and comments: Øyvind Vessia, [email protected]
RENEWABLE ENERGY SOURCES IN
THE BALTICS
DONG Energy – leading the energy transformation
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Global #1 in offshore wind
Biomass - No coal from 2023
Smart Grid & Flexibility
… We have said farewell to oil and gas
It is all about scale
3 WIND POWER
Boeing 747-8
Length: 76m
200m
13-15MW
1991 2000 2003 2009 2012 2014 20202016
160m
8MW
An Offshore wind farm is a reliable, large scale power plant
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0%
20%
40%
60%
80%
100%
Solar PV Onshore wind Offshore wind
Load factor
Hours (total 8,760)
Offshore wind
produces in 98% of
all hours
Offshore wind, duration curve, Denmark, 2015
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Offshore wind shows rapidly declining costs for society
6265686878
102
122124
145
156
Cluster 1
2017
East Anglia
2015
Race Bank
2015
Hornsea 2
2017
Borssele
III & IV
2016
Borssele I & II
2016
Borkum
Riffgrund 2
2015
Horns Rev III
2015
Kriegers Flak
2016
Walney
Extension
2014
156
122
102
7868 68 65
145
124
Sources: DECC; Danish Energy Agency; Energinet.dk; NEV
1. Levelised revenue (price) of electricity over the lifetime of the project used as proxy for the levelised costs to society. It consists of a subsidy element for the first years and a market income for
the whole lifetime. Discount rate of 3.5% used to reflect society’s discount rate. Market income based on country specific public wholesale market price projections at the time of contracting where
available else an average of 5 analytics is used. For comparability across projects a generic scope adjustment (incl. transmission and extra project development costs) have been applied. Due to
the specific transmission set up in Germany cost estimates from the Offshore Netzentwiklungsplan 2017 have been applied.
Levelised costs for society of electricity, incl. transmission costs
EUR/MWh1, 2016-prices, bid announcement year.
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Large economic offshore
wind potential in the Baltic sea
*LCOE OF LESS THAN 65 €/MWH IN 2030, INCLUDING TRANSMISSION. SOURCE: “UPSIDE” SCENARIO OF BVG
ASSOCIATES REPORT FOR WIND EUROPE: “UNLEASHING THE POTENTIAL OF EUROPE’S OFFSHORE WIND POTENTIAL”
**EUROSTAT 2015: DENMARK, ESTONIA, LATVIA, LITHUANIA, POLAND, FINLAND AND SWEDEN
384TWh
Baltic** electricity
consumption
Baltic Economic
offshore wind potential*
750TWh
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An offshore turbine a day
turns subsidies away
