[HN Gopher] Financing offshore wind
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Financing offshore wind
Author : guerby
Score : 24 points
Date : 2022-09-21 15:25 UTC (2 days ago)
(HTM) web link (jeromeaparis.substack.com)
(TXT) w3m dump (jeromeaparis.substack.com)
| guerby wrote:
| Report direct link:
|
| https://wfo-global.org/wp-content/uploads/2022/09/WFO_Financ...
| dang wrote:
| The blog seems more readable than that pdf so I've changed the
| URL above from https://jeromeaparis.substack.com/p/financing-
| offshore-wind to the first blog post.
|
| Part 2: https://jeromeaparis.substack.com/p/financing-offshore-
| wind-...
|
| Part 3: https://jeromeaparis.substack.com/p/financing-offshore-
| wind-...
|
| Part 4: https://jeromeaparis.substack.com/p/financing-offshore-
| wind-...
|
| Part 5: https://jeromeaparis.substack.com/p/financing-offshore-
| wind-...
|
| (you're on your own after that)
| mcint wrote:
| Part 1: https://wfo-global.org/financing-offshore-wind-
| part-1/
|
| > first part of what will be a 10-part series of blog posts,
| Archelaos wrote:
| What I find revealing is that the section about the "The
| offshore wind project cycle" does not cover the dismantling of
| the installation.
|
| I had once to evaluate the offer of a local project for an
| (onshore) solar park in Germany. The lease offered was about 4
| times the current usual land lease rates for 30 to 40 years
| with inflation adjustments. The solar park company should be
| responsible for the complete dismantling of the installation
| afterwards. In case of an insolvency of the company a bank
| guarantee would step in.
|
| However, the (inflation adjusted) bank guarantee was only
| EUR10,000 per hectare (10,000 m^2), which seemed extremly low
| to me. This must cover everything from removing the panels and
| sockets, all the power lines in the ground, the transformer
| installation on the field, the removal of asphalt roads, etc.,
| etc. I could not find any detailed studies about the likely
| dismantling costs for solar parks.
|
| Bank guarantee prices are so high that a guarantee of between
| EUR30,000 and EUR50,000 per hectare (depending on the current
| bank rate) would have eaten up the entire surplus lease.
|
| So if my guess is correct and the actual deconstruction costs
| are well over EUR10,000 per hectare, in 30 to 40 years there
| will be a high incentive for solar park companies to move solar
| parks that are to be phased out into equivalents to bad banks
| and threatening insolvency, so that either the land owners need
| to step in with their private savings after the bank guarantees
| where used up or the state needs to pay to prevent this from
| happening.
|
| Does anyone here know of any reputable calculations for the
| deconstruction costs of solar parks?
| epistasis wrote:
| I've come across this blog a few times in the past month, and
| it's excellent.
| 2OEH8eoCRo0 wrote:
| This looks very good and I look forward to reading it more in
| depth later.
|
| I'm from Rhode Island and my father never stops talking about how
| horrible the Block Island wind farm is. From what he shows me-
| he's right. The project provides power substantially above market
| rate so as much as I like wind it seems like a bad deal for Rhode
| Island.
| [deleted]
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(page generated 2022-09-23 23:00 UTC)