Thanet offshore wind farm
Posted: Sun Sep 26, 2010 1:24 am
They've just commissioned this - 100 turbines, each 3MW capacity - at an estimated cost of £900m. The company who built it, Vattenfall, are owned by the Swedish government. Assuming standard 95% utilisation, 30% load, the farm will generate annually 750,000MWhr which at the average UK annual domestic household consumption of 5MWhr will provide electricity for 150,000 households (not the 200,000 that Vattenfall claim). Total revenue comes from the grid & subsidy from the rest of the UK electricity consumers; the grid revenue (at £0.05/KwHr which is market price of conventionally generated electricity) will be £37m plus ROC subsidy (1.5 times ROC subsidy of approx £0.08/KwHr or £0.12) of £90m. Total revenue will be £127m.
The life cycle of the turbines is 20 years and 40 years for the whole installation. At current prices, Vattenfall must depreciate the plant at approx £25m per annum OR not depreciate at all and shut down and dismantle the farm either after 20 or 40 years, which will include cutting the turbine towers 1mtr below sea bed, at a cost today of £12m.
From April this year, an offshore wind farm which begins construction prior to April 2011 will receive two times the ROC subsidy because construction has slowed down due to credit crunch, currency costs etc etc. The principle cost is in the turbine and there are only 2 maunufacturers, one of whom very recently closed its manufacturing plant on the Isle of Wight leaving the UK with virtually no input. This is joined-up government for an asylum; our nuclear reactors will be French without whatever input would have come from Forgemasters. We buy every day power up to 2GWhr from the French government.
The World Wildlife Fund in a statement here applauds Thanet and sets out its vision; it has joined with FOE and RSPB to produce a report which will show how Scotland can generate 100% of her electricity by 2020. This has long since been demonstrated to be impossible; a suicide pact for Scotland if ever implemented without the means of storing electricity on a hitherto unimaginable scale.
Its a crazy waste of money and if we do meet the renewable target by 2020 we will be subsidising this lot with billions which in a country unable to afford some quite basic things seems incomprehensible?
The life cycle of the turbines is 20 years and 40 years for the whole installation. At current prices, Vattenfall must depreciate the plant at approx £25m per annum OR not depreciate at all and shut down and dismantle the farm either after 20 or 40 years, which will include cutting the turbine towers 1mtr below sea bed, at a cost today of £12m.
From April this year, an offshore wind farm which begins construction prior to April 2011 will receive two times the ROC subsidy because construction has slowed down due to credit crunch, currency costs etc etc. The principle cost is in the turbine and there are only 2 maunufacturers, one of whom very recently closed its manufacturing plant on the Isle of Wight leaving the UK with virtually no input. This is joined-up government for an asylum; our nuclear reactors will be French without whatever input would have come from Forgemasters. We buy every day power up to 2GWhr from the French government.
The World Wildlife Fund in a statement here applauds Thanet and sets out its vision; it has joined with FOE and RSPB to produce a report which will show how Scotland can generate 100% of her electricity by 2020. This has long since been demonstrated to be impossible; a suicide pact for Scotland if ever implemented without the means of storing electricity on a hitherto unimaginable scale.
Its a crazy waste of money and if we do meet the renewable target by 2020 we will be subsidising this lot with billions which in a country unable to afford some quite basic things seems incomprehensible?