06 Sep 2011 02:09:26
Cost reduction and project delivery top offshore wind construction agenda
A cursory glance at the cost of generating electricity from offshore wind vs. coal for example has many questioning the long term sustainability of this renewable energy.
But that is only one snapshot in time of an industry that is set to employee tens of thousands, drive billions of pounds into the UK economy and help meet important climate change targets by 2020.
This is not an industry resting on it laurels and surviving solely on government hand-outs; Far from it. At the world’s largest offshore wind construction conference taking place in London this October 4-6 the most popular topics up for discussion are how to drive down construction and operational costs while investing in proven technology and strategies.
Christos Kolliatsas of Mott MacDonald has overseen numerous offshore wind projects from conception through to construction and cites the growing trend of the financiers demanding to see projects that are not based around theory but on solutions that have been done and are seen to work. Christos will present his findings on risk assessment and reduction after looking over the different strategies employed in the UK markets vs. in other parts of Europe.
Over 400 offshore wind construction experts are set to descend upon London and leave with a far better understanding of how to collaborate to ensure that these construction projects set to begin on the next 12 months in harsh waters meet their delivery date. With representation from DECC, Eversheds LLP and Lloyds Banks Corporate Markets the policy and finance angles have unprecedented coverage from the highest level.
But theory and high level policy can only take offshore wind so far; that’s why leading offshore wind developer Vattenfall will share their insight on how to put all pieces of the chain together and successfully manage resources to give the operators view.
Coupled with that the leading contractors and consultants A2Sea and GL Garrad Hassan will present case studies on how Thorton Bank and Ormonde were installed and share their learnings from each.
The offshore wind industry wants costs and risk to come down as much as anyone. In a month’s time the whole universe will come together to lay out how to achieve it with tangible solutions.
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