Offshore Wind
topic on 4 shows · 18 statements across 11 episodes
Sourcery 
Capital Allocators 
the Green Blueprint 
the a16z Podcast
18 statements about Offshore Wind, every show
Nolan: Vogtle Nuclear Plant Was Cheaper Than Contemporary Offshore Wind
“If you look at nuclear historically, like you look at Vogel, which You know, it was over budget, over schedule. People still highlight it was still cheaper than offshore wind that was built around the same time.”
Burgum: Offshore wind is three times as expensive as onshore wind
“Offshore wind is like three times as expensive as onshore”
Woolard: Offshore wind at 15 cents is not economic against small nuclear
“To me, some of those might indicate that something like, I'll pick on offshore wind at You know, 15 cents and up is not economic compared to reliable power at a number lower than that.”
Hamilton: Global offshore wind investment surged nearly 80% to $76.7B
“He was struck by the global offshore wind investment, reaching a record 76.7 billion dollars, which was an almost 80% increase in offshore wind.”
Lacey: Ørsted deployed a drone carrying 150-pound cargo to offshore wind sites
“And Orsted Just this month deployed a first-of-its-kind drone that will be able to carry cargo up to a 150 pounds to offshore wind sites, and they're using this to more safely and efficiently get stuff to their developments”
Senator Becker: Disincentivizing rooftop solar is a mistake given wind timelines
“So I think it's a big mistake to disincentivize
rooftop solar at this time and believe that we can both do that and do things like central procurement, make sure we actually build offshore wind, which is, as you know, is going to take seven to 10 years anyway…”
Offshore wind installations dropped after reaching 21,000 MW in 2021
“In twenty-twenty-one, offshore wind developers built 21,000 megawatts of capacity, but installations are down, and that's because the financial picture has worsened over the last two years, thanks largely to inflation.”
Delayed or canceled projects equal 10% of EU and US capacity
“In the last few months, three major projects in Europe and America have been delayed or canceled thanks to rapidly rising costs. Those projects make up more than 10% of current offshore wind capacity already installed in the EU and US.”
Bloomberg: 9.7 GW of US offshore wind at risk of contract renegotiation
“And Bloomberg says another 9.7 gigawatts are at risk in America as developers look to renegotiate contracts.”
Offshore wind is facing broad cost increases of around 20%
“So that means cost increases, and we're looking at around 20%, and it's getting really, that is really cutting across not only offshore wind, but it's also, you know, impacting other sectors.”
Offshore wind LCOE can sometimes beat onshore wind due to scale
“But then on the other side, you can generate electricity at much larger scale. So the turbines are much larger, more efficiency you know, higher wind speeds offshore. And that means that actually the levelized cost of energy is actually lower than for example,…”
Scaling green hydrogen is more complex due to lack of existing infrastructure
“Well, in offshore wind, in a way, we focused on the production sites, you know, putting offshore winter ones in the water, but There is a grid system. There's an electricity market that we can plug in. So from this perspective, offshore wind was an easy one. Y…”
Hazlip: Long Island will connect 6 to 10 GW of offshore wind
“Probably six to 10 gigawatts of offshore wind connecting to Long Island over the next couple of decades.”
Lacey: Caesar Rodney Institute is Koch-funded and bankrolls offshore wind opposition
“It's this free market think tank supported by the Kochs that is bankrolling opposition to offshore wind, and that quickly brought him to Facebook.”
New York plans to build 9 gigawatts of offshore wind by 2035
“So New York State has set a goal of building nine gigawatts of offshore wind capacity by 2035 which would be enough to supply about 30% of the state's electricity needs.”
The US only has seven offshore wind turbines totaling 42 megawatts
“I mean, right now, the United States has seven turbines total, representing 42 megawatts worth of offshore wind capacity. Worldwide, there's more than 56,000 megawatts of offshore wind capacity”
Lawrence: Ørsted fully transformed into world's largest offshore wind generator
“Orsted used to be called Dong, which was the Danish oil and gas company. And 12 years ago, 10 years ago was classic oil and gas company. And it transformed itself. 100% transformed itself from an oil and gas company into now the largest generator of offshore w…”
Overlook pushed Taiwanese portfolio firm to underwrite $2B in offshore wind
“For example, we have a company in Taiwan that has an eight million ton footprint. It's a big footprint. Okay. And we've pushed them to invest in renewable energy to get their energy consumption correct. And they now with offtake agreements have underwritten th…”