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)
slow killer of our industry, bancrupcy or emigrating industry (Aldel Groningen, Dow Chemical)
slowing down economic growthunemployment and negative social economic
effects 3
Leading toDumping: electricity for free
A climate that dis-stimulates investments in production capacity
Unbalance between production and demandNo easy fix. Future solutions: power to gas and
electricity storage
Current solution: more interconnection capacity between countries (we cannot store enough electricity)
We need a new and modern electricity infrastructure
A growing urgency at European level to solve these problems
5
Huge interconnectors – connecting countries
EU: Projects of Common Interest
Our mission: Synergies at Sea
Connecting offshore wind with interconnectionWe believe:
This will lead to a decrease of the cost of energy
And a significant cost reduction of offshore wind
With the right approach!
The North Sea in 2020
Consortium Synergies at SeaA group of highly motivated companies and
institutes
Contributing with own investments
Looking at the different parts of the system
We aim to offer solutions, not just recommendations
A new and modern energy infrastructure (1)Feasibility (technical, regulatory, business
case)
Technical design
The role of the law
Ownership
A new and modern energy infrastructure (2)Capacity of the cables (distribution and
trading)
Financing
Embedding insecurities – real options method
Distributed Temperature Sensing
Value Engineering
Progress and resultsProject has started in 2013 and now at full
steam
First results expected mid 2014
Consultation (TSO’s, Pension Funds, Utilities)
Dessimination of intermediate results at conferences
Final results 2016