The Levelized Cost of Energy from Offshore Wind Continues to Decrease

Written By: Jen Neville
January 16, 2019

offshore wind

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The global Wind Turbine Generator market was valued at million US$ in 2018 and would reach million US$ by the end of 2025, growing at a CAGR of during 2019-2025. 

Siemens Gamesa Renewable Energy, a leader in the offshore industry had recently launched the company’s first 10+ MW offshore wind turbine. Based on the experience of its previous generations, the newest wind turbine in the SGRE offshore product portfolio builds on proven technology for maximum energy yield at all wind speeds. It offers the same reliability while improving profitability and reducing risk for customers.

Proven technology

The 10 MW rating is made possible through a larger generator diameter, building on the proven SGRE Direct Drive generator technology.

By increasing the rotor diameter, this new wind turbine would offer up to 30% more AEP than its predecessor. Its 94-meter-long-blades provide a swept area of 29,300 m2. Each blade is almost the same length as one soccer field. The technology on the offshore direct drive platform would allow for the re-use of most components from previous generations, providing a short time to market. The prototype is expected to be installed in 2019 with commercial market deployment expected in 2022.

“Siemens Gamesa has been applying its knowledge and experience directly into offshore wind turbines for decades. Utilizing proven components and concepts provides us with a strong, established value chain, with clear processes and skilled employees ready to go, leveraging on a fully-developed and industrialized supply chain,” stated Andreas Nauen, CEO of the SGRE Offshore Business Unit.

The nacelles of this new offshore wind turbine will be initially manufactured at the SGRE factory in Cuxhaven, Germany, the world’s largest plant for offshore wind turbine nacelles. The annual energy production of one turbine is sufficient to supply about 10,000 European households with electricity. This means that an offshore wind park composed of 20 of these turbines would cover the annual electricity consumption of a city the size of Liverpool.

Leading the offshore business

“The Levelized Cost of Energy from offshore wind continues to decrease as industry scale and performance grow. New markets are developing across the globe, all of which require cost-efficient, reliable, and clean power for generations. These turbines enable us as market leaders to meet these needs in close cooperation with our customers, stakeholders, and society-at-large,” Andreas Nauen added.

SGRE has the largest track record in the sector among offshore turbine manufacturers. With a capacity of over 12.5 GW installed and over 3,100 offshore wind turbines in operation globally, the company has established itself as the leader in the offshore market. Through a strong focus on safety and innovation, SGRE constantly strives to reduce the Levelized Cost of Energy from offshore wind power.

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Offshore Wind Siemens Gamesa Renewable Energy Turbine Technology