C Noel, R Davis – Offshore Technology Conference, May 2012
This paper provides a rank/value for offshore power generated with both renewable- and conventional- energy sources relative to four (4) project scenarios: Status Quo, Supply-to-the-Rescue, The Green Agenda, and Double Jeopardy. The work to select a power solution began by identifying a key focus question about the future that the scenarios would address: How will the demand for offshore (subsea) power and the potential externalities that may result shape the power generation options over the next decade? The paper also points to resources that can shed light on the latest technological advances and future trends for renewable energy sources. The hope of the author is that the paper will prove to be a useful reference for R&D specialists and project engineers who are often asked to respond to the question: Renewables – Ready or Not?