Friday 25 January 2019

The aim of BVG Associates' guide is to help companies develop a greater understanding of the components and processes involved in the development of offshore wind farms that will be built up to 2025, and in doing so help them realise the opportunities that will arise.

There is no single way to build and operate an offshore wind farm and much depends on the specific conditions at the site. The pace of innovation in the wind industry has been rapid over the past decade; however, up to 2025, BVG Associates can be reasonably confident of the technologies that will be deployed. An important uncertainty is turbine size because although manufacturers are working on designs that will ultimately stretch capacities to greater than 15MW, the timing of their introduction is a complex commercial decision.

Projects vary considerably in their size and their distance from shore. For the purposes of this document, BVG Associates have assumed a 1GW project of 100 10MW turbines located 60km from shore in 30m water depth and commencing operation in 2022.

BVG Associates' guide can be found here.