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TECHNOLOGICAL PATHWAYS TO LOW CARBON
CAN ASIA STILL BE CATEGORIZED AS EMERGING?
A P R I L 7 , 2 0 1 4 , D E U T S C H E S I N S T I T U T F Ü R E N T W I C K L U N G S P O L I T I K
Developed exclusively for
1. Background and motivation2. Comments to country studies, wind3. A different dimension – shipping and
logistics with supply chain focus4. Technological development5. Winning business models6. Conclusion
Agenda ‐
D E P A R T M E N T O F M E C H A N I C A L A N D M A N U F A C T U R I N G E N G I N E E R I N G- S H I P P I N G & L O G I S T I C S
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Review of the encounters
Extensive exploratory study in advance of Ph.d.
29582
2010 2011 2012 20134 123 48 120
1,4% 41,7% 16,3% 40,7%
Site visits Conferences32 13 250
10,8% 4,4% 84,7%
Europe Asia Americas217 44 34
73,6% 14,9% 11,5%
Number of encounters
Split of encounters by type
Regional split
Interview meetings
EncountersTotal number of encountersTotal number of trips
5GLOBAL WIND ENERGY SHIPPING AND LOGISTICSAALBORG UNIVERSITY
Source: LogMS conference paper, 2013Poulsen et.al.
Motivation: Market up to 2050
D E P A R T M E N T O F M E C H A N I C A L A N D M A N U F A C T U R I N G E N G I N E E R I N G- S H I P P I N G & L O G I S T I C S
6NOTE: Figures in mega-Watt (MW)Source: BTM part of Navigant and Renewable Energy Solutions
Very good comparative cases
D E P A R T M E N T O F M E C H A N I C A L A N D M A N U F A C T U R I N G E N G I N E E R I N G- S H I P P I N G & L O G I S T I C S
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Casestudy country
OEM Supplier Onshore farm Offshore farm
Core technology Deployment
China Goldwind Hui Teng Blades
Jiuquan
India 1. Suzlon2. ReGen Powertech
1. Vankusawde2. Mytrah Kaladonger
NOT YET
Denmark 1. Vestas2. (Envision)
Horns Rev II
Germany 1. Enercon2. Vensys
Alpha Ventus
The papers are rich with many other examples and mini-cases
Source: Lema, Nordensvärd, Urban, Lütkenhorst, Dai, Zhou, Xia, Ding, Xue, Narain, Chaudhary, Krishna, 2014
• Core market data (for example BTM Navigant)
• Other sources (global, regional, national, within the countries)
• Triangulation, data quality, and ”common grounds”
• A lot of development during 2011, 2012, and 2013 (especially offshore wind)
Baseline data sources
D E P A R T M E N T O F M E C H A N I C A L A N D M A N U F A C T U R I N G E N G I N E E R I N G- S H I P P I N G & L O G I S T I C S
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• Some regional frameworks• National legislation overview• Local content rules• National / community / city layers• Comparative advantage vs advantage
of home market constituencies• Different drivers of each market
Policies and macro
D E P A R T M E N T O F M E C H A N I C A L A N D M A N U F A C T U R I N G E N G I N E E R I N G- S H I P P I N G & L O G I S T I C S
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• Use of case studies• WTG focus with MW as driver• Smaller machines in case materials,
lower MW output• Offshore is now the driver for WTGSo far, Europe has lead
• Will Asia catch up and take lead for next generation machines (>10 MW)?
Technology point of view
D E P A R T M E N T O F M E C H A N I C A L A N D M A N U F A C T U R I N G E N G I N E E R I N G- S H I P P I N G & L O G I S T I C S
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Innovation drivers• Macro and factor
– Policy regime– Home market incl. grid
and transmission system operator
– Subsidies– R+D support– Test facilities– Bid structure– Land mass/coast line– Water depth– Distance to shore
• Company and micro– Market competition– Market awareness– Strong utility/operator/
independent power producer
– Related firms, networks, and clusters
– Project financing– Horizontal and vertical
integration of firms– Competitive strategy– Ownership structure
12Source: Lema, Nordensvärd, Urban, Lütkenhorst, Dai, Zhou,
Xia, Ding, Xue, Narain, Chaudhary, Krishna, 2014
• Upscaling of MW yield• Gear/direct drive• Weather (temperature, slow/fast wind speed)• Project sizes• Repowering• Onshore vs offshore• O&M / quality• Offshore turbines Higher wind speeds Harsher weather Larger sized turbines
Additional wind turbine drivers
D E P A R T M E N T O F M E C H A N I C A L A N D M A N U F A C T U R I N G E N G I N E E R I N G- S H I P P I N G & L O G I S T I C S
1 3Source: Lema, Nordensvärd, Urban, Lütkenhorst, Dai, Zhou, Xia, Ding, Xue, Narain, Chaudhary, Krishna, 2014
Shipping and logistics challenges
Source: Upwind – Design limits and solutions for very large wind turbines
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End‐to‐end wind farm life‐cycle
Shipping & logistics
16GLOBAL WIND ENERGY SHIPPING AND LOGISTICSAALBORG UNIVERSITY
Source: LogMS conference paper, 2013Poulsen et.al.
Onshore and offshore ‐ logistics
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Offshore
Onshore
BOP
Rail
D E P A R T M E N T O F M E C H A N I C A L A N D M A N U F A C T U R I N G E N G I N E E R I N G- S H I P P I N G & L O G I S T I C S Photo courtesy of J Poulsen Shipping
Installation & commissioning
1 9GLOBAL WIND ENERGY SHIPPING AND LOGISTICSAALBORG UNIVERSITY
Source: AAU research, DHL Global Forwarding,Renewable Energy Solutions
Wind resource map of China
Source: Renewable Energy Solutions, BTM and data fromNational Climate Center of the China MeteorologicalAdministration, June 2010
18.000 km long coastline From shoreline to water depth of 20m = 157.000
km2
Assuming only 10%-20% is suitable for offshore wind and the use of an average 5 MW WTG´s
100-200 GW offshore capacity
Offshore resources in China are spread across: Jiangsu Zhejiang Fujian Shandong Guangdong Shanghai
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Unique China logistical challenge
Source: China: “Meeting the challenges of offshore and large-scale wind power”, NEA & World Bank, March 2010and Renewable Energy Solutions analysis
Example Jiangsu Dafeng project (installation by Guodian/CCCC JV):• 30 km from shore, Western part of farm will have riverbed exposed during low tide • Eastern part of farm will need WTIV’s to be permanently jacked up out of the water • Requires different kinds of vessels than in Europe
GLOBAL WIND ENERGY SHIPPING AND LOGISTICSAALBORG UNIVERSITY
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Research and development (R+D)
2 3First WTG serial production 1979
1 MW
2 MW
3-4 MW
5-6 MW
7-8 MW
10 MW
15 MW
20 MW
20+ MW
OnshoreNOW
OffshoreNOW
R+D5-10
OEMs
R+DGE
USA
R+Duniversity+ industry
Wind industry
technology R+D leaps
Transport industry
always caught back-footed –need to get in
front of industry R+D
trends…
PrototypesseveralOEMs
Dimensions – Logistic Challenges
Source: Danish Shipowners’ Association,courtesy Siemens Wind Power
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D E P A R T M E N T O F M E C H A N I C A L A N D M A N U F A C T U R I N G E N G I N E E R I N G- S H I P P I N G & L O G I S T I C S
Wind R+DSampleWeightDimensions
Nacelle weight
(t)
BladeLength
(m)
Siemens 2.3 MW 82 45
Repower 6.15 MW 325 61
Siemens 6 MW 364 75
Samsung 7.5 MW 83
Implications on:- Transport equipment- Assets- HSSEQ
Transport EquipmentTrucks, trains, roads, bridges, storage facilities, lifting equipment, ports, vessels…
Makers of wind turbines (OEMs): ExamplesThe “other” Europeans of the Asian “newcomers”
The pioneers
2 5Source: AAU research, DHL Global Forwarding,
Renewable Energy Solutions
The race for >10 MWTraditional players• Europe
– Siemens– Vestas (8 MW)– Areva– Alstom– Enercon (7.5 MW)– (BARD)– Vensys
• USA– GE (15 MW)– Northern Power Systems– American Superconductors
Asian players• China (10-12 MW)
– Sinovel– Goldwind– United Power– Ming Yang
• South Korea– Samsung– Hyundai– Doosan– Unison– Hyosung
• India– Suzlon (REpower/Senvion)
26Source: BTM part of Navigant (2013), Renewable Energy Magazine,
Renewable Energy Solutions, and Lema/Nordensvärd/Urban/Lütkenhorst (2014)
• Offshore wind is not competitive with other energy technologies
• Sites move further from shore and into deeper water
• Offshore wind industry is maturing but growth is dependent on supply chain development (scale, quality, cost)
• Utilities are struggling to secure funding of future projects
• No offshore wind industry HSSEQ standards exist
Key challenges for the offshore wind industry
D E P A R T M E N T O F M E C H A N I C A L A N D M A N U F A C T U R I N G E N G I N E E R I N G- S H I P P I N G & L O G I S T I C S
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The Cost of Energy challenge
D E P A R T M E N T O F M E C H A N I C A L A N D M A N U F A C T U R I N G E N G I N E E R I N G- S H I P P I N G & L O G I S T I C S
2 9Source: Megawatt Baggrund – Det nye offshore(DWIA)
Forward Cost of Energy projections(Danish Energy Administration vs DWIA)
Different ways to estimate LCoE
D E P A R T M E N T O F M E C H A N I C A L A N D M A N U F A C T U R I N G E N G I N E E R I N G- S H I P P I N G & L O G I S T I C S
3 0Source: DONG Energy
Key levers for LCoE
3 1GLOBAL WIND ENERGY SHIPPING AND LOGISTICSAALBORG UNIVERSITY
OpEx 25-30%
CapEx 70-75%
Distribution between CapEx and OpEx for an offshore wind power plant(Levelized Cost of Energy)
10%Other
Cables5%
WTGs
45%
Foundations
20%
Installation
20%
Approximate split of CapEx
2
Cost of capital4
1
Yield32 OPEX1 CAPEX
Source: DONG Energy
Business Model in Denmark
D E P A R T M E N T O F M E C H A N I C A L A N D M A N U F A C T U R I N G E N G I N E E R I N G- S H I P P I N G & L O G I S T I C S
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Joint Venture
- Onshore - Offshore
Joint Venture
Vertically and horizontal integrated business model China
D E P A R T M E N T O F M E C H A N I C A L A N D M A N U F A C T U R I N G E N G I N E E R I N G- S H I P P I N G & L O G I S T I C S
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Top South Korean Chaebol….
D E P A R T M E N T O F M E C H A N I C A L A N D M A N U F A C T U R I N G E N G I N E E R I N G- S H I P P I N G & L O G I S T I C S
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Horizontal and vertical integration
M&A is picking up
D E P A R T M E N T O F M E C H A N I C A L A N D M A N U F A C T U R I N G E N G I N E E R I N G- S H I P P I N G & L O G I S T I C S
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• DSV - Acquired Baltship / Seatainers:
• Mammoet - Acquired KR Wind (cranes) and subsequently BrandeMaskintransport (trucking):
• Marubeni - Acquired Sea Jacks:
• Beluga - Company was restructured by private equity Oak Tree (US) into Hansa Heavy Lift, many Beluga vessels taken over by banks and given to Döhle and Oldendorff to manage on behalf of the banks
• Mitsubishi - Joint venture with Vestas
M&A changes the landscape
D E P A R T M E N T O F M E C H A N I C A L A N D M A N U F A C T U R I N G E N G I N E E R I N G- S H I P P I N G & L O G I S T I C S
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• Hochtief – Beluga joint venture with Hochtief dismantled and Belgian firm GeoSea took over Beluga’s shares and formed new company with Hochtief called HGO IntraSea Solutions:
• A2SEA – Acquired by DONG Energy who subsequently sold 49% to Siemens Wind Power
• Swire – Acquired Danish Blue Ocean and formed Swire Blue Ocean
• Aarsleff – Joint venture with German shipping company Bilfinger Berger called AB-JV:
Offshore wind ‐ official 12th 5 year plan targets
38
Cumulative MW in 2012
Cumulative target for 2015
Cumulative target for 2020
320 MW
5 GW
30 GW
D E P A R T M E N T O F M E C H A N I C A L A N D M A N U F A C T U R I N GE N G I N E E R I N G- S H I P P I N G & L O G I S T I C S
South Korea wind status‐ as of February, 2013 (onshore and offshore)
D E P A R T M E N T O F M E C H A N I C A L A N D M A N U F A C T U R I N G E N G I N E E R I N G- S H I P P I N G & L O G I S T I C S
3 9Source: Korea Wind Energy Association (2013)
7.5 GW home market offshore wind target by 2030
• Framework agreementsBigger and wider in scopeBundling of tasksMore financial stability required
• More projects within same developer group increase synergies
• Demand for larger, global players• Multi-project contracts in the future?
Roles are changing in the chain
D E P A R T M E N T O F M E C H A N I C A L A N D M A N U F A C T U R I N G E N G I N E E R I N G- S H I P P I N G & L O G I S T I C S
4 0
• Detailed country case studies• China, India• Germany, Denmark
• Shipping/logistics driven themes:• Technological development• LCoE must come down• Winning business models• M&A
Key points of today
D E P A R T M E N T O F M E C H A N I C A L A N D M A N U F A C T U R I N G E N G I N E E R I N G- S H I P P I N G & L O G I S T I C S
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Introduction – Thomas Poulsen
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Aalborg University, Copenhagen CampusDepartment of Mechanical and Manufacturing Engineering
Contact [email protected] www.en.m-tech.aau.dk
Research interest:Global wind energy shipping and logistics
Background:25 years of global shipping, logistics, and SCM experience having lived in 8 different countries working at practical, strategic, general management, and consulting level
Past employers
Select consulting clients
DelCon
GLOBAL WIND ENERGY SHIPPING AND LOGISTICSAALBORG UNIVERSITY
AAU – wind thought leader
WTG
BOP
Energy netSmart gridActive networks
Weather (waves, currents)
R+DIndustry vision
4 5
AAU ‐ shipping and logistics
Logistics
Port construction
Composite materials for
vessels
Offshore oil & gas
Global wind energy
shipping and logistics
Offshore wind
GPS and satellite surveillance of vessels
Carbon fiber vessels
Maritime cleantech
Wave energy
Revenue management
4 6GLOBAL WIND ENERGY SHIPPING AND LOGISTICSAALBORG UNIVERSITY
Today’s super star• The offshore
wind turbine• SWP 3.6 MW
power horse
NacelleRotorBlades
Tower
Transition Piece
Foundation/Jacket
Monopile
Source: Siemens Wind Power
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Industry challenges ‐ macro
4 8D E P A R T M E N T O F M E C H A N I C A L A N D M A N U F A C T U R I N G E N G I N E E R I N G- S H I P P I N G & L O G I S T I C S
Source: LogMS conference paper, 2013Poulsen et.al.
Case study: Anholt Offshore wind farm
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Fact box
• Operator: DONG Energy• Ownership: DONG Energy, PKA,
and PensionDanmark in JV• Construction cost: DKK 11.5B• Number of positions: 111 WTG’s• WTG type: 3.6 MW geared
Siemens Wind Power• Foundation type: MP/TP• Total windfarm output: 400 MW• Area covered: 88 km2• Distance from installation /
service port (Grenå): 15 km• Water depth 15.5 – 18 meters
D E P A R T M E N T O F M E C H A N I C A L A N D M A N U F A C T U R I N G E N G I N E E R I N G- S H I P P I N G & L O G I S T I C S
Source: DONG Energy, MTH, AAUresearch (meetings and sitevisits), EAWE conference paper,2013 (Poulsen et.al.)