DNV GL Pledges To Help Slash Offshore Wind Costs By 25%

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DNV GL has released a new manifesto and committed to 14 pledges that the company says have the potential to cut the cost of offshore wind energy by 25%.

DNV GL says its report, titled ‘Offshore wind: a manifesto for cost reduction,’ outlines strategies in three basic categories: ‘doing it right’ (by mitigating risk and increasing certainty), ‘doing it better’ (by improving the efficiency of existing processes), and ‘doing it differently’ (by innovating for the future).

Working with industry partners, DNV GL says the actions it commits to in the manifesto have the potential to achieve reductions in the cost of energy of up to 25%. The company adds that this saving – combined with trends in other areas, such as improved supply chain efficiency – has the potential of delivering a total reduction of 40%, which is recognized by many stakeholders as the level required to secure the future of the industry.

‘This is about securing the future of offshore wind. Achieving cost reduction is about more than just new technology and innovation. It also requires us to get the basics right, which means getting people together, assessing the issues in detail and defining best practice,’ comments David Walker, CEO of DNV GL – Energy.

According to DNV GL, the manifesto document contains 14 pledges across a wide range of topics from reducing subsea cable installation risks through to accelerating the commercialization of floating offshore wind technology. More information can be found here.

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