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BVG Associates June 2017 Newsletter 
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Busier than ever!

As more and more onshore wind projects are progressing to ‘subsidy free’ in windy places and offshore wind has a clear roadmap to the same place, our focus on the broader energy system challenges is increasing. 

Our purpose is to help our clients establish renewable energy generation as a major, responsible and cost-effective part of a sustainable global energy mix. 

As the industry matures, it cannot take its eye off cost reduction, but it also needs to pay increasing attention to how it can support the wider energy system transition to a low-cost, low-carbon, sustainable energy future. 

The renewables sector has shown great vision and a strong can-do attitude to get to this point. It needs to apply a chunk of this to helping the wider energy system adapt, and fast. Now is the time to build out smart infrastructure, while the cost of capital is low, suitable technology is available and much aging infrastructure needs to be replaced.

Exciting times, with need for leadership as renewables make ever more sense for consumers and the planet.

.
Bruce Valpy 
Managing Director
BVG Associates

 
Unleashing Europe's offshore wind potential

Our report for WindEurope 'Unleashing Europe's offshore wind potential' was published at the Offshore Wind Energy event in London earlier this month. 

The report highlights the economically attractive offshore wind resource that is potentially available to Europe in three sea basins (the Baltic, North Sea and Atlantic from France to the north of the UK) in 2030. It shows that the current expectation for offshore wind to produce 7% to 11% of the EU’s electricity demand by 2030 is only a fraction of the resource potentially available in the European sea basins.

The report is now available to download from both the BVG Associates and WindEurope websites.

This is just one of a number of projects we have delivered using cutting-edge spatial cost of energy modelling. To talk to us about this area, contact Kate Freeman.
 
Helping companies transition to offshore wind

Our latest case study summarises our partnership with Norwegian Energy Partners (NORWEP) to provide practical advice to Norwegian companies on the scale of the offshore wind market and how to make the most of the opportunities it provides. 

NORWEP asked us to present at six workshops across the length and breadth of Norway. Over 110 companies attended the events and learnt about eight of the highest priority opportunities including cable installation, and maintenance and inspection services.

Our consultants also met for one-to-one meetings with a number of companies to discuss their services and the opportunities for them across Europe. We also delivered market briefings on six European countries and a European overview, covering market growth, regulation, and key organisations, owners and suppliers.

“The BVG Associates team was able to impart their considerable knowledge of the offshore wind supply chain to the participants in a way that was clear, effective and practical," said Jon Dugstad, Director Wind & Solar at NORWEP. "The Norwegian companies that received one-to-one help were delighted with the depth and usefulness of the advice they received”

You can find the full case study on our website.

To talk to us about oil and gas transition, contact Neil Douglas.
Image from http://www.rechargenews.com/
Scottish office on the move


The next stage in our plans in Scotland is to move from our beautiful but quiet surroundings on the Firth of Forth into Glasgow city centre – the hub of the renewables industry in Scotland. We expect to have completed the move by September. 

We are also growing our services to operational wind farms and are strengthening our team. Keep an eye on our website and LinkedIn page over the coming weeks for details

Fundraising for our ten year anniversary

We're celebrating our 10 year anniversary this year. One thing we are doing to celebrate is raising money for the Swindon Brighter Futures Radiotherapy Appeal, a charity close to the heart of the team. We're doing various activities in the coming months. For example, lots of the team are targeting a 10k run on 1 October while others are taking part in bike rides many times that distance. 

If you'd like to support our efforts, please visit our JustGiving page or you can donate by text by sending code BVGA87 followed by the amount you’d like to donate to 70070.
Norway supply chain opportunities

The offshore wind industry presents exciting new opportunities for Norwegian suppliers prepared to engage and work with the main players in the industry. This report is intended to be used by Norwegian authorities and companies considering a move into offshore wind.

Seven areas that present the greatest opportunities the Norwegian offshore supply chain have been identified in the report:
  • Project management
  • Subsea cables
  • Offshore substation structures
  • Turbine foundations
  • Installation equipment and support services
  • Maintenance and inspection services
  • Vessels and equipment

The report concludes with recommendations as to how companies can approach the market.

The report can be downloaded from the NORWEP website.
Image from http://www.rechargenews.com/
Funding news

The 2017 Connecting Europe Facility (CEF) Energy call for proposals is now open. It will make €800 million available to finance projects of common interest in the energy sector. The call will support projects in the following areas:
  • Ending energy isolation
  • Increasing competitiveness by promoting the integration of the internal energy market and the interoperability of electricity and gas networks across borders
  • Enhancing the European Union's security of supply
  • Integrating energy from renewable sources and developing smart energy networks
  • Eliminating energy bottlenecks
  • Completion of the internal energy market

Full details are available on the Innovation and Networks Executive Agency website.

The EU-backed Funding Ocean Renewable Energy through Strategic European Action (FORESEA) programme has also launched a call for marine energy support package applications.

The FORESEA packages will help commercialise offshore renewable energy technologies by giving free access to a network of test sites. The call is open to technologies ready to deploy and complete testing before 2019 and is open until 29 September.

 More information can be found on the Interreg website.
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Other  news stories 


Can offshore wind power revive US ports?

Crown’s jewels shine offshore

Dong Energy plugs offshore wind farm into world-first battery system

European floating offshore wind ready for the big time

First Jones Act offshore wind jack-up coming in 2018

French marine body to pass baton

GE Renewable Energy to supply turbines for Akita Katagami wind farm in Japan

India showcases offshore ambition

Longer windfarm lifespans key to subsidy-free energy

Massachusetts utilities invite bids for up to 800MW of offshore wind

Offshore wind threatening nuclear’s future in the UK

Proposal for first offshore windfarm has 250 turbines off Victorian coast

Scotland set to become heart of offshore wind scientific research

Smart grid project trebles renewable generation on Shetland

Study: offshore wind in Newfoundland and Labrador ‘likely’

Swedish developer plans to build OWFs without subsidies

Taiwan welcomes investment in offshore wind power: premier

UK grid-scale storage: A fast-moving pipeline

Vestas reveals storage plans

World's first floating windfarm to take shape off coast of Scotland

World’s most powerful wind turbine pushes into uncharted territory
Mergers and acquisitions 

Atlantis issues ocean bonds

Borssele consortium seeks more investors

EIB and Stattnet Sign EUR 300 Million NordLink Financing Deal

Foresight, RES in tune on Tyne

GE investment arm reaches milestone in renewable-energy investments

Good Energy toasts bond joy

Greencoat plans UK, Irish listing

KfW backs Borkum West 2.2

Pattern makes $1bn green play

Statkraft start gun on offshore sale

TenneT issues €1bn green bond

$412m fund targets clean power
Copyright © 2017 BVG Associates, All rights reserved.

 
 
Head office:
BVG Associates                              
The Blackthorn Centre                     
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Cricklade
Wiltshire SN6 6HY        
United Kingdom  

Contact numbers:
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Scotland: +44 (0) 1383 870 014
USA: +1 (313) 462 0673
France: +33 170 770 450
                              

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