EnergyWatch

North Sea offshore wind could cause tricky power fluctuations

The major offshore wind build-out in the North Sea could result in periods of both serious electricity surplus and scarcity, thus prompting TSO Statnett’s analysis chief to forecast price volatility.

Photo: Anders Lie Brenna

Europe’s ongoing energy crisis has probably accelerated the green transition, with the EU, UK and Norway all directing major resources toward expanding renewable energy capacity. Much of this attention is on offshore wind, and the market is growing in many regions worldwide.

One region with particularly favorable conditions for the technology is the Norh Sea, where Norway, Denmark, the Netherlands, Belgium and the UK have all announced several initiatives that, when combined, will provide Europe with a massive boost to renewable energy resources.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Ørsted makes group changes again

The Danish power company shakes up its organization once again, now parting ways with offshore wind chief of many years, while also moving other profiles up the corporate ladder.

Ørsted declines Taiwan tender bid

Quite atypically, the Danish market leader publicly rejects to bid in Taiwan’s solicitation for 3GW offshore wind due to poor framework conditions. The green transformation will wilt if developers build uneconomic projects, says CEO.

Last platform now in position at Tyra site

After completing the voyage from Batam, Indonesia, the process module is now in position in the North Sea. Only one piece is now missing from the reconstruction project at the Tyra site.

Further reading

Related articles

Latest News

See all jobs