03.12.2012 Views

Offshore Electricity Infrastructure in Europe - European Wind Energy ...

Offshore Electricity Infrastructure in Europe - European Wind Energy ...

Offshore Electricity Infrastructure in Europe - European Wind Energy ...

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

esults<br />

farm connections, the reduction <strong>in</strong> system cost is only<br />

about 40% (rang<strong>in</strong>g from 5-74%) smaller on average,<br />

compared to the direct <strong>in</strong>terconnector (Figure 4.31).<br />

Figure 4.33 shows a comparison of the net benefit between<br />

the Direct Design and the Split Design 39 , and<br />

the benefit per <strong>in</strong>vested euro (benefit-to-CAPEX ratio).<br />

For the six split w<strong>in</strong>d farm connections, the benefit per<br />

<strong>in</strong>vested euro is 1.7 times higher than for the mirrored<br />

direct <strong>in</strong>terconnectors of the Direct Design. The net<br />

benefit per <strong>in</strong>vested euro CAPEX is on average even<br />

2.6 times higher for the Split Design, which means<br />

that each euro is spent 2.6 times more effectively.<br />

Case-by-case: comparison of absolute<br />

benefits<br />

Both methodologies build on step-wise modular grid<br />

expansion. In each step new <strong>in</strong>terconnection capacity<br />

is added to the system and the <strong>in</strong>frastructure<br />

<strong>in</strong>tegrated <strong>in</strong> each design differs <strong>in</strong> size and costs.<br />

Therefore it is difficult to make an absolute comparison<br />

of the cost-efficiency. The graph <strong>in</strong> Figure 4.34<br />

however gives some more <strong>in</strong>sight <strong>in</strong> the efficiency of<br />

both design approaches. It shows the system cost reductions<br />

mapped aga<strong>in</strong>st the step-wise <strong>in</strong>frastructure<br />

<strong>in</strong>vestments.<br />

FIGURE 4.35: cUMUlATIvE NET bENEFIT cOMPARISON [€ bN)<br />

Cumulative net<br />

bene�ts (€bn)<br />

16<br />

14<br />

12<br />

10<br />

8<br />

6<br />

4<br />

2<br />

0<br />

12,74<br />

280%<br />

Direct design Split design<br />

Net bene�t over the lifetime<br />

FIGURE 4.34: AbSOlUTE cOMPARISON OF dIREcT ANd SPlIT<br />

OFFShORE GRId dESIGNS<br />

Annual system<br />

costs (€bn)<br />

Often for a similar <strong>in</strong>vestment cost, the system cost<br />

reduction <strong>in</strong> the Split Design is higher than <strong>in</strong> the<br />

Direct Design. As an example, for a CAPEX of €4 bn,<br />

the Split methodology leads to an extra 9% of system<br />

cost reduction (=€944 m across 25 years) compared<br />

to the Direct methodology. Basically only for the cumulative<br />

<strong>in</strong>vestment of about €1.5 bn the Direct Design<br />

is more effective.<br />

Bene�t-to-CAPEX<br />

ratio<br />

350%<br />

39 When compar<strong>in</strong>g case-by-case, please note that the price difference development is chang<strong>in</strong>g differently for the Direct and Split<br />

Design as the <strong>in</strong>frastructures measures are not always the same. Thus, also the benefits of follow<strong>in</strong>g projects are <strong>in</strong>fluenced.<br />

72 <strong>Offshore</strong>Grid – F<strong>in</strong>al Report<br />

101<br />

100<br />

99<br />

98<br />

0<br />

297%<br />

9,64<br />

Bene�t capex ratio (over the life time)<br />

Direct design<br />

Split design<br />

2 4 6 8<br />

Capital cost (€bn)<br />

300%<br />

250%<br />

200%<br />

150%<br />

100%<br />

50%<br />

0%

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!