The Anonymous Widower

World’s Largest Wind Farm Attracts Huge Backing From Insurance Giant

The title of this post, is the same as that of an article in the Business pages of yesterday’s copy of The Times.

It is not often that three words implying something big appear in the same sentence, let alone a headline! Such repetition would more likely appear in a tabloid to describe something sleazy.

Until recently, wind power was just something used by those in remote places. I remember a lady in Suffolk, who had her own turbine in the 1980s. She certainly lived well, although her deep freeze was in the next door farmer’s barn.

Now, with the building of the world’s largest wind farm; Hornsea, which is sixty miles off the coast of East Yorkshire, wind farms are talked of as creating enough energy for millions of homes.

Hornsea Project 1 is the first phase and Wikipedia says this about the turbines.

In mid 2015 DONG selected Siemens Wind Power 7 MW turbines with 154 metres (505 ft) rotor turbines for the project – around 171 turbines would be used for the wind farm.

Note that the iconic Bankside power station, that is now the Tate Modern had a capacity of 300 MW, so when the wind is blowing Hornsea Project 1 is almost four times as large.

When fully developed around 2025, the nameplate capacity will be around 6,000 MW or 6 GW.

The Times article says this about the funding of wind farms.

Wind farms throw off “long-term boring, stable cashflows”, Mr. Murphy said, which was perfect to match Aviva policyholders and annuitants, the ultimate backers of the project. Aviva has bought fixed-rate and inflation-linked bonds, issued by the project. While the coupon paid on the 15-year bonds, has not been disclosed, similar risk projects typically pay an interest rate of about 3 per cent pm their bonds. Projects typically are structured at about 30 per cent equity and 70 per cent debt.

Darryl Murphy is Aviva’s head of infrastructure debt. The article also says, that Aviva will have a billion pounds invested in wind farms by the end of the year.

Call me naive, but I can’t see a loser in all this!

  • Certainly, the UK gets a lot of zero-carbon renewable energy.
  • Aviva’s pensioners get good, safe pensions.
  • Turbines and foundations are built at places like Hull and Billingham, which sustains jobs.
  • The need for onshore wind turbines is reduced.
  • Coal power stations can be closed.

The North Sea just keeps on giving.

  • For centuries it has been fish.
  • Since the 1960s, it has been gas.
  • And then there was oil.
  • Now, we’re reaping the wind.

In the future, there could be even more wind farms like Hornsea.

Ease Of Funding

Large insurance companies and investment funds will continue to fund wind farms, to give their investors and pensioners a return.

Would Aviva be so happy to fund a large nuclear power station?

Large Scale Energy Storage

The one missing piece of the jigsaw is large scale energy storage.

I suspect that spare power could be used to do something useful, that could later be turned into energy.

  • Hydrogen could be created by electrolysis for use in transport or gas grids.
  • Aluminium could be smelted, for either use as a metal or burnt in a power station to produce zero-carbon electricity.
  • Twenty-four hour processes, that use a lot of electricity, could be built to use wind power and perhaps a small modular nuclear reactor.
  • Ice could be created, which can be used to increase the efficiency of large gas-turbine power plants.
  • Unfortunately, we’re not a country blessed with mountains, where more Electric Mountains can be built.
  • Electricity will be increasingly exchanged with countries like Belgium, France, Germany, Iceland, Norway and The Netherlands.

There will be other wacky ideas, that will be able to store GWhs of electricity.

These are not wacky.

Storage In Electric Vehicles

Consider that there are three million vehicles in the UK. Suppose half of these were electric or plug-in hybrid and had an average battery size of 50 kWh.

This would be a total energy storage of 75,000 MWh or 75 GWh. It would take the fully developed 6GW Hornsea wind far over twelve hours to charge them all working at full power.

Storage In Electric And Hybrid Buses

London has around 8,500 buses, many of which are hybrid and some of electric.

If each has a 50 kWh batttery, then that is 425 MWh or .0.425 GWH. If all buses in the UK were electric or plug-in hybrid, how much overnight electricity could they consume.

Scaling up from London to the whole country, would certainly be a number of GWhs.

Storage In Electric Trains

I also believe that the average electric train in a decade or so could have a sizeable battery in each coach.

If we take Bombardier they have an order book of over four hundred Aventra trains, which is a total of nearly 2,500 coaches.

If each coach has an average battery size of 50 kWh, then that is 125 MWh or 0.125 GWh.

When you consider than Vivarail’s two-car Class 230 train has a battery capacity of 400 kWh, if the UK train fleet contains a high-proportion of battery-electric trains, they will be a valuable energy storage resource.

Storage in Housing, Offices and Other Buildings

For a start there are twenty-five million housing units in the UK.

If just half of these had a 10 kWh battery storage system like a Tesla Powerwall, this would be a storage capacity of 125 GWh.

I suspect, just as we are seeing vehicles and trains getting more efficient in their use of electricity, we will see buildings constructed to use less grid electricity and gas.

  • Roofs will have solar panels.
  • Insulation levels will be high.
  • Heating may use devices like ground source heat pumps.
  • Battery and capacitors will be used to store electricity and provide emergency back up.
  • Electric vehicles will be connected into the network.
  • The system will sell electricity back to the grid, as required.

Will anybody want to live in a traditional house, that can’t be updated to take part in the energy revolution?

Will The Electricity Grid Be Able To Cope?

National Grid have been reported as looking into the problems that will happen in the future.

  • Intermittent power from increasing numbers of wind and solar farms.
  • Charging all those electric vehicles.
  • Controlling all of that distributed storage in buildings and vehicles.
  • Maintaining uninterrupted power to high energy users.
  • Managing power flows into and out of the UK on the various interconnectors.

It will be just like an Internet of electricity.

And it will be Europe-wide! and possibly further afield.

Conclusion

The UK will have an interesting future as far as electricity is concerned.

Those that join it like Aviva and people who live in modern, energy efficient houses will do well.

November 27, 2018 Posted by | Finance & Investment, World | , , , , , , , , , | 29 Comments

The Wind Of Change Blowing All Over The UK

This has nothibg to do with Brexit or even politics, but the UK and in addition our friends in Denmark, Germany, Ireland and The Netherlands seem to be investing to reap the wind.

To many of my generation, Hornsea is a town on the Yorkshire coast famous for dull ethnic pottery. But now it will the name of the Hornsea Wind Farm, which will have a generating capacity of up to 4 GigaWatt or 4,000,000 KiloWatt. It will be sited around 40 kilomwtres from the nearest land.

To put the size into context, Hinckley Point C, if it is ever built will have a power output of 3.2 GigaWatt.

You may day that wind is unreliable, but then Hornsea will be just one of several large offshore wind farms in the UK.

The electricity produced can be used, stored or exported.

Storage will always be difficult, but then there are energy consumptive industries like aluminium smelting, creating steel from scrap or the electrolysis of water to produce hydrogen, oxygen and ither gases, that could probably be based around an interruptible supply backed-up by a biomass or natural gas power station.

Hydrogen As A Fuel

Hydrogen could be the fuel of the cities for buses, taxis and delivery vehicles. Suppose they were hybrid, but instead of a small diesel engine to xharge the battery, a small hydrogen engine or fuel cell were to be used.

Remember that the only product of burning hydrogen is water and it wouldn’t produce any pollution.

Each bus garage or hydrogen station could generate its own hydrogen, probably venting the oxygen.

Enriched Natural Gas

We can’t generate too much hydrogen and if because of high winds, we have hydrogen to spare it can be mixed with natural gas, ehich contains a proportion of hydrogen anyway.

September 12, 2017 Posted by | World | , , , , , | Leave a comment

Scotland’s Floating Wind Farm

This article on the BBC is entitled World’s first floating wind farm emerges off coast of Scotland.

In the early 1970s, I worked on a unique concept for a reusable oil platform called a Balaena.

I wrote about using a Balaena for a wind turbine in Could a Balaena-Like Structure Be Used As a Wind Power Platform?.

There is also a brief description of the idea in The Balaena Lives.

I have a strong feeling that revisiting all of the work done for a Balaena over forty years ago, could enable a better way to build a floating wind farm.

I would build my Baleana-based floating wind-power turbine like this.

  • A steel cylinder is built, which will form the tower, horizontally in a dry dock.
  • It is floated out horizontally to some very deep water perhaps in a fjord.
  • It is then raised to a vertical position by letting a calculated amount of sea water into the tank.
  • It will float vertically, if the weight profile is right and by adjusting water levels in the tank, the top can be raised on lowered.
  • The tower is adjusted to a convenient height and the turbine is placed on the top.
  • It would then be towed vertically into position.

Note that Balaenas were designed to sit on the sea-bed using a skirt and a gum-boot principle to hold them to the bottom, with extra anchors and steel ropes.

 

July 24, 2017 Posted by | World | , , , , | Leave a comment

Are Wind Turbines Not What They’re Cracked Up To Be?

The news this morning that RWE Innogy are not going ahead with the Atlantic Array of 240 wind turbines is to some surprising.

The developers cite engineering difficulties and that it is not the right time for the project, although others are saying that there are financial problems with the project.

If we are going to have wind turbines, which I’ll admit, I think are an eyesore in the British landscape, then offshore is probably the best place for them.

I think that this array might well be built at some time, but only after new and better technology has arrived.

It would be wrong to increase the subsidy for the project to get it built.

If subsidies go anywhere they should go into energy research.

1. We should try to find better ways of getting the gas out that is there, that would otherwise use crude fracking techniques.

2. Our buildings are notoriously badly insulated and research should be directed to find better ways of cutting energy use.

3. Research could also be directed towards better ways of generating heat and power, to widen some of the techniques used at places like the Bunhill Energy Centre.

Just using subsidies to put up wind turbines, is like giving an alcoholic or drug addict, money to fund their habit. It might give some a good feeling, but it does nothing for the overall good of society.

 

November 26, 2013 Posted by | World | , , , , | Leave a comment

Could a Balaena-Like Structure Be Used As a Wind Power Platform?

Last night I was watching reports on the BBC about the Ormonde Offshore Wind Farm.

Again, I can’t help thinking that a Balaena like structure could be used. It would be tall and thin and the wind-turbine could just be lifted onto the top.

It would be built in a shipyard horizontally and would have a steel tank at the bottom to give it stability.  As with the original Balaena weight and the gum-boot syndrome would keep it in place.

It would also be towed out horizontally and then upended by filling the tank.  I proved that this would work nearly forty years ago and I’m sure if you get the sizes right, it would be very stable. You then just lift the power unit on the top in the normal way.

But then I’m no structural engineer.  On the other I have a memory like an elephant and never forget anything useful.

Where is Buckminster Fuller when you need him?

August 16, 2011 Posted by | News | , , , , | 3 Comments