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Towards an modern and integrated offshore electricity infrastucture. “Europe, we have a problem”. Increasing price differences between countries. Energy prices in Europe far higher than US ( shale gas) and Asia (coal)
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Towardsan modern and integrated offshore electricityinfrastucture
Increasingpricedifferencesbetweencountries Energy prices in Europefarhigherthan US (shale gas) and Asia (coal) • slow killer of ourindustry, bancrupcyoremigratingindustry (Aldel Groningen, Dow Chemical) • slowing down economicgrowth • unemployment and negativesocialeconomiceffects
Leading to • Dumping: electricity for free • A climate that dis-stimulates investments in production capacity
Unbalancebetweenproductionanddemand • No easy fix. Futuresolutions: power to gas and electricitystorage • Currentsolution: more interconnectioncapacitybetweencountries (we cannot store enoughelectricity) • We need a new and modern electricityinfrastructure A growingurgency at European level to solve these problems
Connecting offshore wind withinterconnection We believe: • This will lead to a decrease of the cost of energy • And a significant cost reduction of offshore wind With the right approach!
Consortium Synergies at Sea • A group of highlymotivatedcompanies and institutes • Contributingwithowninvestments • Looking at the different parts of the system • We aim to offer solutions, notjustrecommendations
A new and modern energyinfrastructure (1) • Feasibility (technical, regulatory, business case) • Technical design • The role of the law • Ownership
A new and modern energyinfrastructure (2) • Capacity of the cables (distribution and trading) • Financing • Embeddinginsecurities – realoptionsmethod • DistributedTemperatureSensing • Value Engineering
Progress and results • Project has started in 2013 and now at full steam • First resultsexpectedmid 2014 • Consultation (TSO’s, Pension Funds, Utilities) • Dessimination of intermediateresults at conferences • Finalresults 2016