European offshore wind power generation: UK, Netherlands, Norway postponed
-Design problems, rising construction costs-
– Difficult to achieve decarbonization target of 42.5% –
We will provide you with a summary of articles published by Reuters.
Headwinds for European offshore wind power generation:
supply chain is disrupted,
A problem occurred in the design of wind power generation equipment,
Inflation increases construction costs,
The EU is facing stormy headwinds.
Development project failure:
Dozens of development projects have been canceled.
This will have a major impact on achieving the EU’s climate change goals.
Pressure to achieve goals:
By 2030, the EU aims to provide 42.5% of its energy with renewable energy.
The EU has finalized legally binding targets.
Industry association Wind Europe:
The EU has decided to achieve its new target of 42.5%.
The renewable energy ratio will be raised from the current 32% to the new target of 42.5%.
Need to raise the level of wind power generation:
It is essential to more than double the amount of wind power generation from the current 205 GW to 420 GW.
It is essential to significantly increase offshore wind power generation capacity from 17GW to 103GW.
Further significant capital investment will be required in the future.
Frequent cancellation of offshore wind development:
However, offshore projects in the UK, Netherlands and Norway.
It was postponed or shelved earlier this year due to high costs and supply chain constraints.
Zero bids from offshore wind companies:
Additionally, in the UK, there were no bids from offshore wind developers for renewable energy subsidies.
Jupiter Asset Management
investment manager john wallace
It is impossible to achieve the 2030 target:
If this leads to a long-term suspension of the project, it will become difficult to achieve the renewable energy target for 2030.
Offshore wind industry warns:
1. ORSTED (ORSTED.CO)
2. Shell (SHEL.L)
3. Equinor (EQNR.OL)
4. siemens gamesa
It warned that the current scale of the offshore wind industry will make it impossible to meet climate change targets.
Profits were squeezed by “soaring transportation costs, raw material costs, rising interest rates, and inflation.”
German energy giant RWE: CEO Markus Kleber
The offshore wind industry is vulnerable:
A variety of issues will continue to come together, and the achievement of climate change goals will be at risk. .
In offshore wind power generation, “the scale of turbines has doubled in the past 10 years.”
However, some analysts have pointed out that the development competition is too hasty.
Thunder Side Energy: Rob West
However, he points out that the larger the device, the more likely it is to break down.
The larger the blade, the greater the deflection. More rigid reinforcement material is required.
Siemens Gamesa:
In June this year, quality issues occurred with two of the latest onshore wind turbines.
It will cost 1.6 billion euros ($1.7 billion) to fix the problem.
G-Cube Insurance: Fraser McLachlan CEO
Insurance for renewable energy businesses:
The severity of the situation has increased as the number of insurance claims from wind power generation companies has increased rapidly.
It has become a risky business for “manufacturers, developers, and suppliers.”
Many companies are facing a crisis of survival.
Siemens Gamesa: Jochen Eichhold CEO
Gamesa’s offshore wind power generation business:
We faced a different problem than with onshore wind power generation.
These include delays in the construction of production bases, disruptions to the supply chain, and shortages of high-quality parts.
Vestas’ turbine business:
We are having a hard time clearing the backlog of orders. Supply chain disruptions will continue throughout the year.
UK wind power tenders underperform:
The UK will triple its offshore wind power generation to 50GW in 2030.
However, in the October 8th auction, there were no bids from wind power generation companies.
The hardships of renewable energy operators:
They are being outbid by major oil and gas companies.
The European Commission announced this month that it will launch a comprehensive support package.
https://jp.reuters.com/world/europe/LTFLEH6UAZM45PRL6YPJ4QORGA-2023-10-01/