Watch the recording: Rethinking LCoE for offshore wind’s post-correction industrialization

February 20, 2024
 | 
2 min read
Featured Image

Missed Aegir’s latest Wavelength Intelligence Briefing on LCoE last week?

Here are some key take-aways from analyst Sebastian Kæmpe Hansen and Chief Executive Editor Darius Snieckus’ Wavelength discussion on rethinking LCoE for offshore wind’s post-correction industrialization:

  • The drive for ever-lower levelized cost of energy from offshore wind projects in the last decade has negatively impacted developers - rippling ‘downstream’ into the supply chain – and often led to miscommunication and false interpretation of cost/MWh. 
  • There are a range of 'right ways' to calculate LCoE but if numbers are being shared without the accompanying assumptions behind the unit or metric then the final MWh figure can be reductionist and even misleading.
  • Moving ’beyond LCoE’ - factoring in a range of inputs from the social value of a project (jobs, clean power and environmental benefits) through to whether adding an energy storage solution for low wind days would improve efficient delivery to the grid - will take the industry beyond a simple cost/MWh formula and increase a project's true value but will generally also mean a higher LCoE 'on paper'.

Sign up here for the recording of our 15-minute Wavelength to learn more.

Aegir Insights' Wavelength Intelligence Briefings

🎙️Wavelength is Aegir’s digital briefing series where we delve into the key talking points and market developments in the offshore energy transition in a 15-minute, coffee-break format.

Follow us on LinkedIn to be the first to know when registration opens for the next Wavelength – coming soon!

aegir-logo-lockup-nightblue-RGB

Aegir Insights provides industry-leading intelligence powered by data science for offshore wind energy developers, governments and financial institutions.

Aegir Insights ApS

Aegir Insights
Havnegade 27 st,
1058 Copenhagen,
Denmark


Contact

info@aegirinsights.com
CVR no.: 39104792

Follow

Aegir Insights

Aegir Insights
Havnegade 27,
1058 Copenhagen,
Denmark


Contact

info@aegirinsights.com
CVR no.: 39104792

All rights reserved 2023 © Aegir Insights Aps