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The Profit and Urgency of Deliberate Offshore Transmission: Lowering the Prices of and Obstacles to Attaining U.S. Clear Power Targets

Dinero Post by Dinero Post
January 29, 2023
in Utilities Sector
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As offshore wind tasks proceed to be developed in response to wash power targets throughout the US, there may be an pressing want for states, federal companies, and regional grid operators to behave shortly to determine cost-effective transmission options to deliver that energy to shore and regional load facilities.

In a new report commissioned by a number of local weather and clear energy-focused organizations, Brattle consultants define the advantages of beginning collaborative planning processes for offshore wind transmission in the present day. The report, The Profit and Urgency of Deliberate Offshore Transmission, highlights how proactive transmission planning for future U.S. offshore wind era developments will considerably cut back prices, enhance grid reliability, reduce environmental and neighborhood impression, and assist attain clear power targets in a well timed method. The estimated advantages for over 100 gigawatts (GW) of offshore wind era embrace:

  • At the least $20 billion in transmission-related value financial savings;
  • 60–70% fewer shore crossings and vital onshore transmissions upgrades;
  • Roughly 2,000 (50%) fewer miles of marine transmission cable installations disturbing the seabed;
  • Extra aggressive procurement outcomes, elevated client financial savings, enhanced reliability and grid resilience, and extra well timed investments within the native clear power financial system.

The report was commissioned by the American Clear Energy Affiliation (ACP), the American Council on Renewable Power (ACORE), the Clear Air Process Pressure (CATF), GridLab, and the Pure Assets Protection Council (NRDC). It included contributions from an advisory panel of business and coverage specialists.

 

The Profit and Urgency of Deliberate Offshore Transmission: Lowering the Prices of and Obstacles to Attaining U.S. Clear Power Targets





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