OES Annual Report 2012 - Ocean Energy Systems
OES Annual Report 2012 - Ocean Energy Systems OES Annual Report 2012 - Ocean Energy Systems
135 05 / DEVELOPMENT OF THE INTERNATIONAL OCEAN ENERGY INDUSTRY: PERFORMANCE IMPROVEMENTS AND COST REDUCTIONS It is appropriate these activities are happening in parallel given that the project development process can take several years to receipt of consents and new grid infrastructure is sometimes needed. The next key milestone for the industry is installation and operation of first array projects. In the next few years, it is possible that several first wave and tidal arrays could be constructed and installed around the UK, by technology manufacturers and project developers working together. Such projects will improve technical understanding about how multiple devices can best be installed in particular site conditions and clarify operational performance characteristics (e.g. wake effects) and costs. There are opportunities for international engagement in reaching this next milestone. While wishing the UK to maintain its international lead, The Crown Estate is highly supportive of such engagement. In the last year we have been pleased to respond to information requests from organisations in a number of countries, including the USA and Canada. We are also developing a data and information sharing system for the wave and tidal industry, known as the Knowledge Network, which will have international reach. For more about The Crown Estate’s work in wave and tidal energy, please contact us as follows: waveandtidal@thecrownestate.co.uk www.thecrownestate.co.uk/energy/wave-and-tidal/ FIGURE 2: Distribution of UK wave and tidal energy resources Reproduction in whole or in part of this figure is not permitted without prior consent of The Crown Estate. © Crown Copyright, 2012. All rights reserved UK wave and tidal energy resources In October 2012 The Crown Estate published new findings about the theoretical size and distribution of wave, tidal stream and tidal range energy resources around the UK. The resources are estimated to be follows: ÌÌ Wave: 69 TWh/year (27 GW) ÌÌ Tidal stream: 95 TWh/year (32 GW) ÌÌ Tidal range (barrage schemes): 96 TWh/year (45 GW) ÌÌ Tidal range (lagoon schemes): 25 TWh/year (14 GW) For further details, see the UK Wave and Tidal Key Resource Areas Project - Summary Report, available to download from The Crown Estate website 11 . 11 See http://www.thecrownestate.co.uk/news-media/news/2012/new-report-shows-extent-of-uk-wave-and-tidal-resources/
136 First array investments In January 2013, The Crown Estate announced that we are interested in investing in first array wave and/or tidal stream projects. We are considering investing up to £20m (US $31.7m) in total in two projects, alongside other companies and in parallel with government grant support. To be eligible, projects must involve an array of devices with a total installed capacity of 3 MW or greater, already have a Crown Estate agreement for lease, have or soon obtain statutory consents and grid connection agreements and realistically be expected to reach final decisions for capital investment by March 2014. Our intentions in investing are: ÌÌ To make an acceptable commercial return, in line with our vires (powers); and ÌÌ To catalyse investments in first array projects by others, by virtue of sharing risk exposure and reducing the amount of capital others have to invest. A guidance document which provides further information is available on our website 12 . 12 See http://www.thecrownestate.co.uk/news-media/news/2013/looking-to-invest-in-wave-and-tidal-energy-arrays/ ANNUAL REPORT 2012
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135<br />
05 / DEVELOPMENT OF THE INTERNATIONAL<br />
OCEAN ENERGY INDUSTRY: PERFORMANCE<br />
IMPROVEMENTS AND COST REDUCTIONS<br />
It is appropriate these activities are happening in parallel given that the project development process can<br />
take several years to receipt of consents and new grid infrastructure is sometimes needed.<br />
The next key milestone for the industry is installation and operation of first array projects. In the next few<br />
years, it is possible that several first wave and tidal arrays could be constructed and installed around the<br />
UK, by technology manufacturers and project developers working together. Such projects will improve<br />
technical understanding about how multiple devices can best be installed in particular site conditions and<br />
clarify operational performance characteristics (e.g. wake effects) and costs.<br />
There are opportunities for international engagement in reaching this next milestone. While wishing the<br />
UK to maintain its international lead, The Crown Estate is highly supportive of such engagement. In the<br />
last year we have been pleased to respond to information requests from organisations in a number of<br />
countries, including the USA and Canada. We are also developing a data and information sharing system<br />
for the wave and tidal industry, known as the Knowledge Network, which will have international reach.<br />
For more about The Crown Estate’s work in wave and tidal energy, please contact us as follows:<br />
waveandtidal@thecrownestate.co.uk<br />
www.thecrownestate.co.uk/energy/wave-and-tidal/<br />
FIGURE 2: Distribution of UK wave and tidal energy resources<br />
Reproduction in whole or in part of this figure is not permitted without prior consent of The Crown Estate.<br />
© Crown Copyright, <strong>2012</strong>. All rights reserved<br />
UK wave and tidal energy resources<br />
In October <strong>2012</strong> The Crown Estate published new findings about the theoretical size<br />
and distribution of wave, tidal stream and tidal range energy resources around the UK.<br />
The resources are estimated to be follows:<br />
ÌÌ<br />
Wave: 69 TWh/year (27 GW)<br />
ÌÌ<br />
Tidal stream: 95 TWh/year (32 GW)<br />
ÌÌ<br />
Tidal range (barrage schemes): 96 TWh/year (45 GW)<br />
ÌÌ<br />
Tidal range (lagoon schemes): 25 TWh/year (14 GW)<br />
For further details, see the UK Wave and Tidal Key Resource Areas Project - Summary <strong>Report</strong>, available<br />
to download from The Crown Estate website 11 .<br />
11<br />
See http://www.thecrownestate.co.uk/news-media/news/<strong>2012</strong>/new-report-shows-extent-of-uk-wave-and-tidal-resources/
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