SPONSORS OF EAST ANGLIA FEATURE
DEVELOPING YOUR BUSINESS IN THE OFFSHORE WIND MARKET - BE INFORMED
In 2012 East Anglia’s increasing importance to the UK’s energy demand was highlighted by the final commissioning of Greater Gabbard and Sheringham Shoal. There was disappointment in seeing East Anglia One OWF construction pushed back from 2015 to 2017, London Array Phase 2 delayed and other projects across Europe postponed and even put on hold.
ACCURATE INFORMATION IS KEY It is vital for developers and the whole supply chain to remain well informed with accurate, up to date, authoritative market intelligence, whether you are an established business or new entrant.
COMPLEXITY
The offshore wind market is highly complex and subject to change. This complexity increases as the scale of
Governments are concerned with keeping the lights on at reasonable cost, and meeting renewable energy targets. Developers are concerned with generating electricity profitably.
Changes to energy policy and financial incentives may affect profitability and alter developers project schedules especially if the changes were unforeseen.
Government policies, supply chain constraints, technologies, competition,
developers, financial pressures, legislation changes and
community concerns all affect a successful outcome.
CONSTANT MONITORING LEADS TO SUCCESSFUL DECISION MAKING The offshore wind market is constantly changing affecting all businesses involved - so know your market and monitor it constantly.
4C Offshore is the leading source of independent, authoritative, accurate offshore wind, grid and supply
DO SUCH DELAYS MEAN THE OPPORTUNITY IN EAST ANGLIA IS DRAWING TO A CLOSE? Delays are not new. During the development of Round 1 and Round 2 in the UK, delays were common and significant. Causes for such delays included technical issues (such as grid connections), supply chain bottlenecks, finance, and policy changes by governments.
CHALLENGES
Moving forward developers are likely to experience setbacks when taking on the challenges involved with much larger projects further offshore.
such projects requires many international partners working collaboratively.
UNCERTAINTY An example of delay was highlighted where the UK market stumbled due to the introduction of Electricity Market Reform (EMR) and changes to the Renewables Obligation scheme creating in part uncertainty regarding the return on investment for planned projects.
WE ARE NOT ALONE
Other countries face delays due to policy, technical constraints (grid connection) and in some cases where support mechanisms are insufficient to make the offshore developments viable.
www.windenergynetwork.co.uk 43
chain information continually updated to reflect global sector developments.
Subscribers stay ahead with strategic market intelligence to enable effective and successful decision making.
4C Offshore
www.4coffshore.com
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