Connecting offshore wind farms to two or more markets at the same time, essentially combining offshore wind farms and interconnectors into a ‘offshore hybrid projects’, is a key enabler to Europe’s green transformation.
But offshore hybrids are also complex projects to plan, finance and execute, due to their cross-border nature. In this joint paper, Ørsted and Elia Group propose tangible solutions to help overcome these barriers.
The paper details:
How offshore bidding zones, while an efficient way to manage dispatch of hybrid assets, introduce new risk to the developers of hybrid projects – and how these risks can be mitigated.
Why a societally optimal buildout of offshore infrastructure requires a new approach to planning, considering needs and potentials across the region, not just in the two participating countries.
How the asymmetrical distribution of investments and benefits of offshore hybrids can be solved via the introduction of an Offshore Investment Bank per sea basin
The need for making the first wave of offshore hybrids a political priority
