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4.9_Clive: Commercial Innovations to Unlock Investment in Renewable Energy
In general, in our economies as a whole, we need a feedback mechanism to allow the low incremental cost of renewable energy to drive down all other costs, and establish renewables as the only economically viable way of generating energy, especially as we approach a subsidy free world, and need to eliminate carbon emissions. Can short selling future power production of renewable energy facilities unlock low incremental cost to fund their construction and reduce cost of energy? Is this a mechanism that would establish the required feedback loop? It is possible to make a virtue of necessity here. The recently developed appreciation of issues such as wind farm blockage demonstrates we have to dispense with ideas such as simple terrain & pre-construction resource assessment: the circumstances that determine the wind conditions on which generation is based only arise after construction. Therefore, it is necessary to revise procedures towards wind power project development methodologies that more adequately align different phases of project delivery. This is so that we can reflect reality in our procedures as accurately as possible, by ensuring information required at any given stage is acquired already at the earliest opportunity, to achieve the best possible project outcome. This requires the digitalisation of wind measurements using lidar and their integration with models used to predict the impact of wind conditions on loads & production in a way that can be applied consistently in both pre- and post-construction phases of project delivery. This allows us take the data requirements that need to be fulfilled to reach the desired end-point of satisfactory lifetime performance and extrapolate these requirements back to the earliest pre-construction measurements acquired during pre-construction wind resource assessment. Aligning the data requirements of all phases of project delivery in line with a coherent digital workflow provides us with a telescope to observe project outcomes from the earliest phases of project delivery, such as wind resource assessment. Under these circumstances, where aligned data requirements support predictions of project performance, we can anticipate commercial activity around predicted generation aggregates to commence well in advance, even prior to project construction. The construction itself can then be funded direct from power purchase arrangements that include facilities to benefit from reductions in the cost of energy due to low incremental costs.
4.9_Clive: Commercial Innovations to Unlock Investment in Renewable Energy
In general, in our economies as a whole, we need a feedback mechanism to allow the low incremental cost of renewable energy to drive down all other costs, and establish renewables as the only economically viable way of generating energy, especially as we approach a subsidy free world, and need to eliminate carbon emissions. Can short selling future power production of renewable energy facilities unlock low incremental cost to fund their construction and reduce cost of energy? Is this a mechanism that would establish the required feedback loop? It is possible to make a virtue of necessity here. The recently developed appreciation of issues such as wind farm blockage demonstrates we have to dispense with ideas such as simple terrain & pre-construction resource assessment: the circumstances that determine the wind conditions on which generation is based only arise after construction. Therefore, it is necessary to revise procedures towards wind power project development methodologies that more adequately align different phases of project delivery. This is so that we can reflect reality in our procedures as accurately as possible, by ensuring information required at any given stage is acquired already at the earliest opportunity, to achieve the best possible project outcome. This requires the digitalisation of wind measurements using lidar and their integration with models used to predict the impact of wind conditions on loads & production in a way that can be applied consistently in both pre- and post-construction phases of project delivery. This allows us take the data requirements that need to be fulfilled to reach the desired end-point of satisfactory lifetime performance and extrapolate these requirements back to the earliest pre-construction measurements acquired during pre-construction wind resource assessment. Aligning the data requirements of all phases of project delivery in line with a coherent digital workflow provides us with a telescope to observe project outcomes from the earliest phases of project delivery, such as wind resource assessment. Under these circumstances, where aligned data requirements support predictions of project performance, we can anticipate commercial activity around predicted generation aggregates to commence well in advance, even prior to project construction. The construction itself can then be funded direct from power purchase arrangements that include facilities to benefit from reductions in the cost of energy due to low incremental costs.
4.9_Clive: Commercial Innovations to Unlock Investment in Renewable Energy
Clive, Peter J M (Autor:in)
27.08.2019
Aufsatz (Konferenz)
Elektronische Ressource
Englisch
DDC:
690