Three months ago Belgium, Denmark, Germany and the Netherlands pledged to jointly have at least 150GW of offshore wind generation capacity by 2050, capable of covering half of the total aimed capacity for the entire European Union of 300GW. During the North Sea Summit in Esbjerg, several sector experts, among them Giles Dickson CEO of WindEurope, expressed their excitement with the project, however pointed out that in order for the plan to be fruitful, the wind energy supply chain needs investment and modifications since “Europe’s 5 turbine manufacturers are all operating at a loss”.
With elevated costs, REPowerEU, the EU Commission’s plan to end European dependence on Russian fossil fuels, however ambitious, may not be as effective as hoped. Youwind Renewables tools’ may be a defining factor in making that aim a reality, culminating in a capacity of 65GW by 2030 and 150GW by 2050.
Youwind’s disruptive IT-tools, merging engineering, technology and finance are capable of assisting development of offshore wind farm projects from early-stage screening to tender acquisition and beyond with full layout and installation planning optimization.
Youwind Model allows users to optimise the financials for any new offshore windfarm project globally, all the while maintaining the technical functions comprehensive and user-friendly, by utilising Youwind’s Intelligence Market Library, which stores technical and costs information for more than 1000 existing offshore windfarms. In order for the 150GW goal to be met, as much knowledge as there is on offshore wind needs to be considered, and Youwind ensures that is the case.
Moreover, given the harsh conditions encountered in the North Sea, with the water reaching on average 1.2°C during the winter months, Youwind’s Optiwindow optimizes installation costs, duration and weather downtime of installation activities by integrating ocean data, hindmost weather data and the Youwind library, further streamlining the development process.
Finally, Youwind’s Pixel software provides an interactive visualisation platform that accelerates the early stage screening when developing an offshore windfarm. Utilising GIS, Pixel is capable of determining and optimising the best areas designated for an offshore windfarm, taking into account the CAPEX/OPEX of the venture, projected IRR, among many other factors, that as developments occur in the North Sea will be fundamental to a sustainable and effective progression towards the REPower EU goals.