Name: Northeast offshore wind power – feast or famine?
Brand: Wood Mackenzie
SKU: 65948
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Author: Wood Mackenzie

Insight 04 May 2017

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Recent reductions in the cost of offshore wind energy in Europe have led to renewed interest in deploying this technology in the US.  This is particularly true in the Northeast US (New York and New England).  That said, a wider acceptance of this technology may bring with it intermittency issues that grid planners are not currently anticipating. In essence, while offshore wind power might mean a feast of clean energy – it may also be a famine during certain critical periods. In this Insight, Wood Mackenzie summarizes the drivers of growing interest in offshore wind in North America specifically the Northeast US. After that, we examine actual Northeast offshore wind speeds over the past couple of years. Coupled with information from the first operating offshore wind farm, the data suggests that real-world offshore wind power performance and reliability may fall short of today’s assumptions used by Northeast grid operators.</div>
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<li class="list__item-toggle font-semibold">
        Recent events bolstering the Northeast offshore wind prospects
    </li>

<li class="list__item-toggle font-semibold">
        Offshore Wind’s Summer Reliability / Capacity Value – Rolling the Dice
    </li>

<li class="list__item-toggle font-semibold">
        Offshore Wind’s Winter Reliability Value – lessons from Winter Storm Stella
    </li>

<li class="list__item-toggle font-semibold">
        Will Northeast offshore wind capacity factors be lower than expected?
    </li>

<li class="list__item-toggle font-semibold">
        Conclusion
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        <li class="list__item push-quarter--bottom">Estimated monthly average capacity factors for Northeast offshore wind</li><li class="list__item push-quarter--bottom">Estimated hourly capacity factor for offshore wind based upon Massachusetts weather buoy data for 2016</li><li class="list__item push-quarter--bottom">Estimated hourly capacity factors for Northeast offshore wind on summer peak load days in 2015 and 2016</li><li class="list__item push-quarter--bottom">Estimated hourly capacity factors for Northeast offshore wind during winter storm Stella (March 14 2017)</li>
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<p class="font-regular" >Northeast offshore wind power – feast or famine?</p>
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