The U.S. is late to the offshore wind party compared to Europe and China. And the injection of new regulatory uncertainty in the shape of permitting delays at Vineyard Wind's 800-megawatt project won't help firm up supply-chain investment.
Many of the largest U.S. offshore wind projects are backed by European developers, and most of the largest pieces of equipment will be imported from Europe for the foreseeable future.
But there is one area of offshore wind that's new enough that even a latecomer could make its mark: floating.
Floating offshore wind remains a largely precommercial endeavor because it hasn't yet been needed in the shallow waters off China and Western Europe. In the U.S., however, floating technology is pretty much the only option for the whole of the Pacific.
North American developers such as Castle Wind and Northland Power are vying with Europes offshore wind giants for a piece of the action. Market intelligence group Quest Floating Wind Energy believes almost 2.4 gigawatts of floating wind could be installed off U.S. shores over the next decade.
The floating market is in its very earliest days. But here are seven projects to keep an eye on, all of which would help give the U.S. a seat at the floating offshore wind table as the market matures.
Likely the first U.S. floating wind plant to go live if it stays on track for a 2022 completion, Maine Aqua Ventus is a 12-megawatt demonstration project developed by the University of Maine and construction firm Cianbro.
As the only approved floating project in the U.S., and located in state waters, it will feature two 6-megawatt turbines on concrete semi-submersible hulls designed by the university.
This summer, the development group told GTMit expects to bring a bigger investor onto the project sometime this fall, ahead of a possible expansion of the project into new phases.
Leading the charge to install floating wind platforms off the West Coast is Magellan Wind, a U.S. developer led by former Deepwater Wind managing director Jim Lanard.
Lanard's company is planning to have 30 megawatts of capacity on Californian waters by 2023, using a Tetraspar floating platform developed by Stiesdal Offshore Technologies of Denmark. But like all Californian projects, it would first need to win a lease for a development zone in what's expected to be an intensely competitive auction scheduled for 2020.
Racing Magellan to the Pacific Ocean is the public-private Redwood Coast offshore wind consortium made up of Redwood Coast Energy Authority, EDPR North America, Principle Power, Aker Solutions, H. T. Harvey & Associates and Herrera Environmental Consultants.
The consortium is planning to install at least 150 megawatts of wind on Principle Powers WindFloat semisubmersible platforms. Quest Floating Wind Energy believes it could get steel in the Humboldt Bay by around 2024.
Of all the U.S. plans for floating offshore wind, Castle Winds proposal for a gigawatt of capacity in Morro Bay in central California is by far the most ambitious. The developer is a joint venture between Trident Winds and German utility group EnBW.
Castle Wind last month took the first step toward an offtake agreement with a memorandum of understanding with local utility Monterey Bay Community Power. Pending next years planned California lease auction, the project could start delivering by around 2025.
As with California, developers couldnt wait for a Bureau of Ocean Energy Management (BOEM) lease auction to express an interest in floating offshore wind projects off Hawaii. Progression Hawaii Offshore Wind submitted its first unsolicited application in 2015.
The company hopes to install between 40 and 50 turbines on WindFloat platforms, for a total capacity of around 400 megawatts, potentially by 2025.
Alpha Wind Energy subsidiary AW Hawaii Wind got its unsolicited application for Hawaiian offshore wind in even before Progression, although Quest Floating Wind Energy expects its 400-megawatt Oahu North project to go live a little later than Progressions, in 2026.
Like the Progression project, Oahu North is set to use WindFloat foundations for its 42 turbines.
AW Hawaii Wind is hoping to follow its Oahu North project with a similar-sized plant to the south of the island in 2028, although in its application the company noted that the area could be subject to military restrictions.
Truth be told, the likelihood of all of these projects remains speculative, and the timeframes even more so given BOEMs decision to review the entire permitting process.
For all the West Coasts potential, not a single project has been awarded as yet in the U.S. Pacific, noted Erik Rijkers, market development and strategy director at Quest Floating Wind Energy.
***
Wood Mackenzie is hosting an invite-only analyst briefing on the U.S. offshore wind sector in Boston the morning of Wednesday, October 23. Email power@woodmac.com to express interest in attending.
See original here:
7 Projects That Could Put the US Ahead in Floating Offshore Wind - Greentech Media News
- Home | Discover Oil & Gas | Rigzone [Last Updated On: December 8th, 2016] [Originally Added On: December 8th, 2016]
- Offshore - Wikipedia [Last Updated On: December 8th, 2016] [Originally Added On: December 8th, 2016]
- EscapeArtist - Live, Work, Travel, Retire & Invest Overseas [Last Updated On: December 15th, 2016] [Originally Added On: December 15th, 2016]
- Offshore installation manager - Wikipedia [Last Updated On: December 30th, 2016] [Originally Added On: December 30th, 2016]
- Offshore Energy 17 [Last Updated On: January 12th, 2017] [Originally Added On: January 12th, 2017]
- Offshore Drilling and Exploration - The New York Times [Last Updated On: February 2nd, 2017] [Originally Added On: February 2nd, 2017]
- Offshore - novenco-marine.com.php56serv2.webhosting.dk [Last Updated On: February 5th, 2017] [Originally Added On: February 5th, 2017]
- Further decline in North Sea offshore supply work - BBC News [Last Updated On: February 7th, 2017] [Originally Added On: February 7th, 2017]
- Japan ignores protests, begins offshore construction work on ... - RT [Last Updated On: February 7th, 2017] [Originally Added On: February 7th, 2017]
- Offshore Drillers Are Still Seeking Recovery Enjoyed by Shale - Bloomberg [Last Updated On: February 7th, 2017] [Originally Added On: February 7th, 2017]
- Offshore Profits and US Exports - Council on Foreign Relations (blog) [Last Updated On: February 8th, 2017] [Originally Added On: February 8th, 2017]
- Diamond Offshore Surprises Everyone With a Fourth Quarter Earnings Gain - Madison.com [Last Updated On: February 8th, 2017] [Originally Added On: February 8th, 2017]
- Dems: Don't repeal offshore tax rules - The Hill [Last Updated On: February 8th, 2017] [Originally Added On: February 8th, 2017]
- Offshore Wind Moves Into Energy's Mainstream - New York Times [Last Updated On: February 8th, 2017] [Originally Added On: February 8th, 2017]
- Trump's Plan to Tap Offshore Profit for Infrastructure Gains an Ally - Bloomberg [Last Updated On: February 8th, 2017] [Originally Added On: February 8th, 2017]
- China Regulator Urges Insurers to Avoid 'Reckless' Offshore ... - Insurance Journal [Last Updated On: February 9th, 2017] [Originally Added On: February 9th, 2017]
- Perriello comes out against pipeline and, in a shift, says he is skeptical of offshore drilling - Washington Post [Last Updated On: February 9th, 2017] [Originally Added On: February 9th, 2017]
- AGL to head offshore amid limited growth options locally - The Sydney Morning Herald [Last Updated On: February 9th, 2017] [Originally Added On: February 9th, 2017]
- Should Diamond Offshore (DO) Stock Be in Your Portfolio? - Zacks.com [Last Updated On: February 9th, 2017] [Originally Added On: February 9th, 2017]
- Wind Overtakes Coal Power in Europe as Turbines Head Offshore - Bloomberg [Last Updated On: February 9th, 2017] [Originally Added On: February 9th, 2017]
- Cuba Eager to Develop Offshore Oil Reserves | OilPrice.com - OilPrice.com [Last Updated On: February 10th, 2017] [Originally Added On: February 10th, 2017]
- Eni starts production of East Hub Development Project, offshore Angola - Offshore Technology [Last Updated On: February 10th, 2017] [Originally Added On: February 10th, 2017]
- 'Fifty Shades Darker' Unmasks $22M In Offshore Foreplay International Box Office - Deadline [Last Updated On: February 10th, 2017] [Originally Added On: February 10th, 2017]
- Statoil looks to Newfoundland offshore after selling off all oilsands assets - Globalnews.ca [Last Updated On: February 10th, 2017] [Originally Added On: February 10th, 2017]
- Coalition urged to charge 10% royalty on offshore oil and gas projects - The Guardian [Last Updated On: February 10th, 2017] [Originally Added On: February 10th, 2017]
- Israel Puts Off License Award In First Offshore Oil, Gas Bid Round - OilPrice.com [Last Updated On: February 10th, 2017] [Originally Added On: February 10th, 2017]
- Cost Impact of Immigration and Visa Reform to US Customers Using Offshore Services - Forbes [Last Updated On: February 10th, 2017] [Originally Added On: February 10th, 2017]
- These Offshore Drilling Stocks Are Up Big as Earnings Season Starts - Fox Business [Last Updated On: February 10th, 2017] [Originally Added On: February 10th, 2017]
- Offshore projects help raise profile of wind power in US, Europe - WorkBoat (blog) [Last Updated On: February 11th, 2017] [Originally Added On: February 11th, 2017]
- Shares of Seadrill Went in the Exact Opposite Direction of Other Offshore Drillers in January - Motley Fool [Last Updated On: February 11th, 2017] [Originally Added On: February 11th, 2017]
- After selling off all oilsands assets, Statoil looks to Newfoundland offshore - Calgary Herald [Last Updated On: February 11th, 2017] [Originally Added On: February 11th, 2017]
- Oil and Gas Stock Roundup: The Outlook for Offshore Drilling Continues to Dim - Fox Business [Last Updated On: February 11th, 2017] [Originally Added On: February 11th, 2017]
- Diamond Offshore Surprises Everyone With a Fourth Quarter ... - Motley Fool [Last Updated On: February 12th, 2017] [Originally Added On: February 12th, 2017]
- Diamond Offshore Is A Hold - Seeking Alpha [Last Updated On: February 12th, 2017] [Originally Added On: February 12th, 2017]
- Trudeau: Arctic offshore drilling too dangerous - The Independent Barents Observer [Last Updated On: February 12th, 2017] [Originally Added On: February 12th, 2017]
- Don't Overlook This Cost-Effective Alternative To Offshore Services - Forbes [Last Updated On: February 14th, 2017] [Originally Added On: February 14th, 2017]
- Legislation could mean an economic boost in New Bedford offshore wind projects - SouthCoastToday.com [Last Updated On: February 14th, 2017] [Originally Added On: February 14th, 2017]
- Ontario signals extension on offshore wind project moratorium - BNN [Last Updated On: February 14th, 2017] [Originally Added On: February 14th, 2017]
- Oil Majors' Plans - No Relief For Offshore Drillers - Seeking Alpha [Last Updated On: February 14th, 2017] [Originally Added On: February 14th, 2017]
- Director hits back at offshore worker blacklisting claims - BBC News [Last Updated On: February 14th, 2017] [Originally Added On: February 14th, 2017]
- OPEC Report: Pressure On Offshore Drilling Remains - Seeking Alpha [Last Updated On: February 15th, 2017] [Originally Added On: February 15th, 2017]
- UK Offshore Wind Construction Had Bumper Year In 2016, Barbour ABI - CleanTechnica [Last Updated On: February 16th, 2017] [Originally Added On: February 16th, 2017]
- Trump urged to back offshore - Offshore Wind | reNEWS ... - reNews [Last Updated On: February 16th, 2017] [Originally Added On: February 16th, 2017]
- Russian Spy Ship Spotted Offshore From Connecticut; Congressman Says Goal Is To Test US - CBS Local [Last Updated On: February 16th, 2017] [Originally Added On: February 16th, 2017]
- Australia Accused Of Committing Crimes Against Humanity In Offshore Detention Centres - BuzzFeed News [Last Updated On: February 16th, 2017] [Originally Added On: February 16th, 2017]
- US Wind Secures Cabling Partner For MD Offshore Project - North American Windpower [Last Updated On: February 16th, 2017] [Originally Added On: February 16th, 2017]
- Professional Diversity Network: Offshore Investment Fund, Dropping ... - Seeking Alpha [Last Updated On: February 16th, 2017] [Originally Added On: February 16th, 2017]
- Vineyard Power vying for offshore wind farm - News - capecodtimes ... - Cape Cod Times (subscription) [Last Updated On: February 16th, 2017] [Originally Added On: February 16th, 2017]
- Liquidity Warnings Send Hornbeck Offshore Services, Inc.'s Stock Plunging - Motley Fool [Last Updated On: February 16th, 2017] [Originally Added On: February 16th, 2017]
- Will Offshore Stymie Oil States? - Seeking Alpha [Last Updated On: February 16th, 2017] [Originally Added On: February 16th, 2017]
- Enbridge Partners with EnBW on 497-MW German Offshore Wind Project - Marketwired (press release) [Last Updated On: February 17th, 2017] [Originally Added On: February 17th, 2017]
- JDR lands US offshore bounty - reNews [Last Updated On: February 17th, 2017] [Originally Added On: February 17th, 2017]
- Natural gas leaks from offshore pipeline in Alaska - Press Herald [Last Updated On: February 17th, 2017] [Originally Added On: February 17th, 2017]
- Halliburton's GRIP delivers rapid response to offshore source-control incidents - WorldOil (subscription) [Last Updated On: February 18th, 2017] [Originally Added On: February 18th, 2017]
- Model advances analysis of offshore BOP closure during extreme conditions - WorldOil (subscription) [Last Updated On: February 18th, 2017] [Originally Added On: February 18th, 2017]
- IRS Cracks Down on Offshore Tax Cheats - CPAPracticeAdvisor.com [Last Updated On: February 18th, 2017] [Originally Added On: February 18th, 2017]
- Vineyard Power vying for offshore wind farm - Cape Cod Times (subscription) [Last Updated On: February 18th, 2017] [Originally Added On: February 18th, 2017]
- Offshore Yuan Exposed to Onshore Risks as Spread Narrows - DailyFX [Last Updated On: February 18th, 2017] [Originally Added On: February 18th, 2017]
- Offshore Somalia: East Africa's Oil Frontier - Midnimo Information Center [Last Updated On: February 20th, 2017] [Originally Added On: February 20th, 2017]
- Emas Offshore refinancing deal delayed - Splash 247 - Splash 247 [Last Updated On: February 20th, 2017] [Originally Added On: February 20th, 2017]
- The Offshore Markets: 2016 In Review - Hellenic Shipping News Worldwide [Last Updated On: February 20th, 2017] [Originally Added On: February 20th, 2017]
- Court Declines to Halt Long Island Offshore Wind Lease - RTO Insider [Last Updated On: February 20th, 2017] [Originally Added On: February 20th, 2017]
- Fuel the American economy with offshore energy - The Detroit News [Last Updated On: February 20th, 2017] [Originally Added On: February 20th, 2017]
- Congress says won't renew liquor licenses of offshore casinos in Goa - Times of India [Last Updated On: February 20th, 2017] [Originally Added On: February 20th, 2017]
- An offshore deal for Indigenous people? - Policy Options (registration) [Last Updated On: February 20th, 2017] [Originally Added On: February 20th, 2017]
- Exclusive: Petronas considers $1 billion stake sale in offshore gas project - sources - Reuters [Last Updated On: February 20th, 2017] [Originally Added On: February 20th, 2017]
- JDR wins US offshore wind farm work - OE Digital [Last Updated On: February 20th, 2017] [Originally Added On: February 20th, 2017]
- Offshore Drilling - 2 Floaters Needed In The Verbier Field And In The Partridge Prospect In UK North Sea - Seeking Alpha [Last Updated On: February 20th, 2017] [Originally Added On: February 20th, 2017]
- Rystad Energy Believes That Offshore Projects Are Becoming Competitive Again - Seeking Alpha [Last Updated On: February 20th, 2017] [Originally Added On: February 20th, 2017]
- EnBW Hohe See 500 MW Offshore Wind Farm To Proceed With Siemens & Enbridge - CleanTechnica [Last Updated On: February 20th, 2017] [Originally Added On: February 20th, 2017]
- Offshore catering staff reject offer after phone ballot - BBC News [Last Updated On: February 21st, 2017] [Originally Added On: February 21st, 2017]
- Child abuse inquiry to hold limited public hearings into offshore ... - The Guardian [Last Updated On: February 21st, 2017] [Originally Added On: February 21st, 2017]
- Iberdrola Completes Installation Of First Turbine At 350 Megawatt ... - CleanTechnica [Last Updated On: February 22nd, 2017] [Originally Added On: February 22nd, 2017]
- Offshore drilling opponents re-gear for new round of battles | News ... - Charleston Post Courier [Last Updated On: February 22nd, 2017] [Originally Added On: February 22nd, 2017]
- Hornbeck Offshore Services: Too Many Problems Will Drag The Stock Further Down - Seeking Alpha [Last Updated On: February 22nd, 2017] [Originally Added On: February 22nd, 2017]
- US grid can handle more offshore wind power, cutting pollution and power costs - Science Daily [Last Updated On: February 22nd, 2017] [Originally Added On: February 22nd, 2017]
- Fugro to conduct natural leakage survey in offshore Kenya ... - Offshore Technology [Last Updated On: February 23rd, 2017] [Originally Added On: February 23rd, 2017]
- Russia inks second Turkish Stream pipe offshore construction contract - New Europe [Last Updated On: February 23rd, 2017] [Originally Added On: February 23rd, 2017]
- Trump to seek jobs advice from firms that offshore US work - Reuters [Last Updated On: February 23rd, 2017] [Originally Added On: February 23rd, 2017]
- W&T Offshore Expected to Reduce Net Losses in 4Q16 - Market Realist [Last Updated On: February 24th, 2017] [Originally Added On: February 24th, 2017]