Frontpage Events Activities Archive 2015 11.03.15 New cost calculator

11.03.15 New cost calculator

Where: EWEA Offshore Conference, Bella Center, Danish Pavilion (Hall E)
When: March 11th 2015, 11:00 – 12:00
Megavind has guided the birth of a unique offshore wind cost calculator. The calculator, which is a mathematical formula, allows users to enter data in a standardised way and to arrive at a Levelized Cost of Energy (LCOE) that everyone can agree on.
The LCOE calculator was created for Megavind by ESP Consulting. The calculator's design mirrors that already used by the offshore wind industry to evaluate the cost elements when deciding to invest in a project.
It has been tested collaboratively by the companies who initiated it: Siemens Wind Power, MHI Vestas Offshore Wind, Vattenfall, DONG Energy Wind Power, E.ON and DTU Wind Energy.

The presentation gave an introduction to the reasons for creating a new LCOE model, introduced the model itself and demonstrated how universities and companies can benefit from the cost calculator in the future.
Welcome and introduction to Megavind 
Per Hessellund Lauritsen, Chairman of Megavind (presentation)
Presentation of the LCOE model 
Claus Hartmann, CEO of ESP Consulting Nordic (presentation)
Value of the LCOE model in research
Kenneth Thomsen, Innovation Manager at DTU Wind Energy (presentation)
How can companies benefit from the LCOE model
Anders Bach Andersen, Senior Product Manager, MHI Vestas Offshore Wind (presentation)

Final remarks
Jakob Holst, Megavind Secretariat (presentation)

New accurate tool for cost calculation

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