WHY
One Floating Platform - Multiple Systems
Problem
Single systems did not meet Excipio’s criteria to be profitable without subsidy.
Key Point
Most of the costs were balance of plant
Solution
Design a system where balance-of-plant costs become shared.
Balance of Plant costs are the same
regardless of the number of devices onboard
CAPEX
1. Permitting & Legal fees
2. Project Management
3. Engineering
4. Insurance
5. Finance Charges
6. Surveys
7. Assembly/Construction (Slightly higher)
8. Installation and hook-up per platform
9. Transmission to market
10. Substation
11. Hull and deck (only slightly more)
12. Logistics
13. Certification
14. Stakeholder and Community Management
15. Owners Costs
16. Block Auction Costs
17. Resource Evaluation
19. Energy Storage (if any)
OPEX
20. Planned Maintenance (less per MW)
21. Inspections (Hull, Moorings, Cables, etc.)
22. Decommissioning (if any)
23. Block Royalties (if any)
Balance of plant costs common to all offshore projects.
INTEGRATION = PROFITABILITY
The Effect
- Offshore Gulf States -
Integrated systems make even marginal resource areas attractive......................
Single source solutions can't compete...............
Power in MW