2. I’m Gonna Be: designing RESS for offshore wind
12 September 2019
Conall Bolger

3. An elite Irish team leveraging profound international experience
An outstanding Irish team
An elite Irish team leveraging profound international experience
Conall Bolger, Head of Ireland
Regulation & policy
Business case development
Routes to market, PPAs, capacity market
Evie Doherty, Senior Consultant
Energy policy analysis
SEM and energy commodity trading
Routes to market, PPAs
James Goldsmith, Senior Consultant
CRM auctions & DS3 procurement
Energy asset business case assessment
Corporate PPAs & energy procurement
Ruth Young, Training Consultant
Cross border arrangements & interconnection
Electricity balancing
DS3 system services
30+ wider group analysts
10+ wider group consultants
3 other global offices
Award winning capabilities
Analytics
Review even increase volume of complex market data to extract the aspect you need to know

4. Our consulting experience spans a range of areas
Consulting & projects
Flexibility and balancing services
Power market modelling
Subsidy schemes and design
Policy design and impacts
EV integration
Network charging
Business planning/ modelling
Investment due diligence
Energy market intelligence
Market entry: supply/ generation
Licensing and rules
Routes to market/ PPAs
Our consulting experience spans a range of areas

5. Compelling track record

6. Offshore auction results
£57.50
€45
$65-74
€46.60
$98.10

7. RESS Structure

8. Price fundamentals & RESS06
SEM
Volatility & pricing
SEM
Cannibalise price & PSO 01 05
Demand
Auction budget
Demand
Supply chain scale & maturity 02
Network
Constraints & delivery
Network
Access 04 03

9. Sources of uncertainty… sources of cost
Cost elements crucial & uncertain
Capex (per MW)
Opex (per MW)
15.9%
Construction
2.3%
Development
43.8%
Planned
2.3%
Electrical array
25.4%
Support structure
51.6%
Turbine
56.2%
Unplanned & other
Sources of uncertainty… sources of cost
Source: BVG

10. Capacity factors
Sources: BVG, BEIS, OREC, GE

11. Load factors & auction volume
38%
41%
45%
52%
Budget

12. Onshore & offshore works
Indicative timeline Y1 Y2 Y3 Y4 Y5 Y6 Y7 Y8 Y9
Y10
Y11
Y12
JAN
FEB
MAR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
APR
JAN
FEB
MAR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
APR
Development
Pre-construction
Construction
Surveys
Planning
Procure/DD
RESS
FID
Pre C.
Onshore & offshore works
Timelines
6 years (at least)
Auction
Auction early
Preconditions in place (e.g. leasing, planning, grid rights)
What is installed in interim?