US OFFSHORE WIND MARKET OVERVIEW
BUSINESS NETWORK FOR OFFSHORE WIND 1 2 3 Not-for-Profit Focus on developing US Offshore Wind and its supply chain Provide: information education introductions
MEMBER DRIVEN ORGANIZATION
THE POTENTIAL OFFSHORE WIND DELIVERS ENERGY WHEN AND WHERE IT S NEEDED MOST.
US OSW STRUCTURE STATES Policy / Market drivers / Regulations BUSINESS NETWORK OSW US BOEM / US BSEE Leasing and approval of plans / Regulators PRIVATE DEVELOPERS / LEASEES Orsted, Equinor, Avangrid / Iberdola, Copenhagen Infrastructure Partners, Deepwater Wind, US Wind, Fishermen's Energy, LEEDCo, Dominion Energy
THE PRESENT ADMINISTRATION SECRETARY OF THE INTERIOR RYAN ZINKE
MA NY CT RI REVOLUTION WIND FARM (DEEPWATER WIND) [600MW] VINEYARD WIND [800MW] PA NJ 4 3 2 1 1 2 MASSACHUSETTS WEAS BAY STATE WIND (ØRSTED) SOUTH FORK WIND FARM (DEEPWATER WIND) [90MW] BLOCK ISLAND WIND FARM (DEEPWATER WIND) [30MW] FAIRWAYS NORTH 3 HUDSON NORTH FAIRWAYS SOUTH 4 HUDSON SOUTH DE MD EMPIRE WIND (EQUINOR) US WIND (NJ) OCEAN WIND (ØRSTED) GARDEN STATE OFFSHORE ENERGY (DEEPWATER WIND) SKIPJACK WIND FARM (DEEPWATER WIND) [120MW] US WIND (MD) [248MW] VA NC DOMINION DMME RESEARCH AREA AVANGRID RENEWABLES US OFFSHORE FINANCIAL MECHANISM SECURED WIND MARKET
COMPLETED / RI Block Island Wind Farm America s first offshore wind farm APPROVED / NY, MD, MA, CT, RI 1.8 GW PENDING / NY, NJ, OH 1.9 GW 32% 4 GW by 2019 reduction in energy costs for offshore wind since 2012 10 GW by 2030 13 new US wind energy areas equalling 17 GW 13 kwh Maryland offshore wind price 6.5 kwh Massachusetts offshore wind price
THE IMPORTANCE OF STATE GOVERNMENT STATES COASTAL WATERS UP TO 3 MILES FROM SHORE State and federal government review: marine terminal to offshore wind farm area (Task Force meetings). States are responsible for power policies Historically, legislation required to support offshore wind Public Service Commissions responsible for administration and decisions about offtake agreements
MASSACHUSETTS
NEW YORK
NEW JERSEY
CALIFORNIA
PROJECT TIMELINE MW PRE-BID PLANNING SITE CONTROL PERMITTING [SAP] OFF-TAKE AGREEMENT PERMITTING [COP] APPROVED FINANCIAL CLOSE OPERATING 30 BLOCK ISLAND RI DEEPWATER WIND N/A N/A 2016 800 VINEYARD WIND MA CIP / AVANGRID 1) 400 MW 2021 2) 400 MW 2022 - BAY WIND MA ØRSTED - 600 REVOLUTION WIND MA DEEPWATER WIND 2023 100 SOUTH FORK RI DEEPWATER WIND 2022 800 EMPIRE WIND NY EQUINOR ~2023 - NEW JERSEY PROJECT NJ US WIND 2023 - OCEAN WIND NJ ØRSTED ~2024 - GARDEN STATE DE DEEPWATER WIND - 120 SKIPJACK DE DEEPWATER WIND 2022 246 - MARYLAND PROJECT MD US WIND 2021 12 RESEARCH LEASE VA DMME/DOHM ~2020 - COMMERCIAL LEASE VA DOMINION - - 10/26/18 NORTH CAROLINA PROJECT NC AVANGRID COMPLETE IN PROGRESS FORTHCOMING US OFFSHORE WIND PROJECT TIMELINE BUSINESS NETWORK FOR OFFSHORE WIND Data has been taken by U.S. BOEM and validated by developers. It is based on the best information available at the time of publication. However, it is subject to change. The purpose of the information is to provide insights into the timelines of the US Offshore Wind Industry out to 2030. Terminology and definitions are consistent with US DOE's 2017 Offshore Wind Technologies Market Update. -
NH COOPERATION MA NY CT RI PA DE NJ + MD VA Created by ibnu nasikin hasanah from the Noun Project NC
!" Image credit: Royal IHC
SUPPLY CHAIN GAPS 1 2 3 4 Vessels - Specialty vessels Nacelle and blade manufacturing Large wind components for Nacelles Cables O&M - Workforce training
4. Oil and gas diversification The real opportunities BVG Associates 2017 14/43
CREW TRANSFER VESSEL Image Source: BMT
OFFSHORE WIND SERVICE VESSEL Photo Credit: Rhode Island Fast Ferry
CABLE INSTALLATION VESSEL Image Source: 4C Offshore Ltd.
JACK-UP BARGE Image Source: Offshorewind.biz
HEAVY LIFT VESSEL Image Image Source: Source: Maritime Connector
SELF-PROPELLED INSTALLATION VESSEL Image Source: Offshore Wind Industry, 2013
PORT INFRASTRUCTURE
OUTLOOK AND SUMMARY BEST EVER 5-8 GW pipeline: most installed by 2025 >10 GW by 2030 PPA prices downward trend Continual need for European expertise with US local business participation Streamlining of lease and permitting processes Uptake of Floating Offshore Wind
SUPPLY CHAIN PORTAL
OSW INSIDER PODCAST NO V E MBE R 2 018 / OF F S HOR E W INDU S.OR G / @ OF F S HOR E W INDU S /
OFFSHORE WIND MARKET INSIGHT. CONNECTIONS. KNOWLEDGE. APRIL 8-11, 2019 NEW YORK CITY NO V E MBE R 2 018 / OF F S HOR E W INDU S.OR G / @ OF F S HOR E W INDU S /
LIZ BURDOCK CEO & PRESIDENT BUSINESS NETWORK FOR OFFSHORE WIND liz@offshorewindus.org / 443.652.3242 offshorewindus.org offshorewindus @offshorewindus business network for offshore wind