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Norway’s offshore wind funding won’t be extra worthwhile whether it is used to provide unprofitable hydrogen.
Jon Evang at Fornybar Norge responds to the findings of our analysis in an article in DN on November 16, by which we suggest to develop Norwegian offshore wind vitality in a manner that reduces overlapping manufacturing between the farms. He considers elements of the analysis “very well-known”. That could be very doable, however vitality coverage has clearly not taken this into consideration.
We might discover the rationale in Evang’s publish, which could be summarized as follows: If all the issues are solved, this may go nicely.
One of many options that’s emphasised is the manufacturing of inexperienced (renewable) hydrogen. Though there’ll undoubtedly be an amazing want for clear hydrogen, we proceed to surprise how good the economics could be in a hydrogen manufacturing facility that solely produces when the wind blows.
Consulting agency Lazard has found that inexperienced hydrogen will price two to a few instances greater than hydrogen from pure gasoline. Not very aggressive in different phrases. They assume an electrical energy worth of 52.5 øre per kilowatt hour (kWh) and that the hydrogen plant is used for 55 p.c.
However NVE estimates, based mostly on 2021 figures, that the value for mounted and floating offshore wind vitality shall be 69 øre/kWh and 117 øre/kWh respectively. There’ll due to this fact be a value hole between Norwegian offshore wind vitality and different renewable initiatives that meet Lazard’s assumptions.
The article continues beneath the commercialNevertheless, we will get a great indication of precise UK subsidy ranges. There’s now mounted and floating offshore wind vitality at a relentless pace of 136 øre/kWh and 327 øre/kWh. At such ranges it turns into troublesome to see how profitability can ever enhance.
Then again, you may think about the hydrogen crops receiving free electrical energy from Norwegian offshore wind vitality to provide aggressive hydrogen. However then the query arises: who’s going to subsidize offshore wind vitality in order that it turns into ‘free’?
Norway and the world want extra emission-free vitality, and everybody who desires to contribute must be inspired. Then again, when the proposed options require some huge cash from the group, it’s time for a public debate in regards to the totally different options.
As we answered within the interview with DN on November 12; we wish to see the socio-economic evaluation behind the 30 gigawatt (GW) offshore wind ambition. Ideally somebody who takes over all the price of how this energy could be built-in into the vitality system.
Lastly, Evang mentions nuclear vitality. Nevertheless, he fails to say the apparent advantages of nuclear vitality when it comes to steady hydrogen manufacturing. Our analysis exhibits that nuclear vitality can produce hydrogen profitably.
The truth that hydrogen manufacturing from offshore wind is changing into too costly doesn’t imply that offshore wind can’t play a job within the inexperienced transition. However in any case, let’s make technology-neutral issues and thorough analyzes earlier than betting every thing on one resolution.(Circumstances)Copyright Dagens Næringsliv AS and/or our suppliers. We want you to share our instances by way of hyperlinks that lead on to our pages. Copying or different use of all or a part of the contents might solely be made with written permission or as permitted by legislation. For additional circumstances see right here.
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