FOR IMMEDIATE RELEASE
Monday, September 25, 2023
GREENROCK RELEASES THIRD STUDY FROM OFFSHORE WIND FEASIBILITY SERIES
Greenrock is pleased to announce the release of the third study in our offshore wind feasibility study series - an Offshore Wind Location Assessment. This study was commissioned to help us determine the most technically feasible locations for an offshore wind farm in Bermuda.
Key points from the study are as follows:
- The location assessment has been carried out by BVG Associates, who have decades of experience in the offshore wind industry, including in the design of offshore wind turbines.
- The study has identified four potential locations that could be suitable for a 60MW offshore wind farm. These generally show good agreement with other work that has been done in this area by the RAB and UCSB.
- The study primarily considered technical constraints associated with turbine installation and operation. It also considered a range of environmental and social constraints, based on collaboration with BOPP.
- Forecast electricity costs from an offshore wind farm in Bermuda are largely unchanged from previous estimates and are likely to range from $0.147 - $0.165/kWh. Electricity costs for most sites fall at the lower end of this range, with costs at the higher end of the range expected if the wind farm were to be located at Challenger Bank.
- Based on our own analysis of BELCo's current costs, at the point of generation, offshore wind could provide electricity that is about 30% cheaper than generating electricity from fuel oil.
The fourth study, an annual energy production analysis using commercially available wind resource data, is currently in progress and will be published in the coming weeks.
Click here to download the Bermuda Offshore Wind: Location Assessment.
For more information about the Offshore Wind Feasibility Study please visit our website, view our overview online, or download the overview as a PDF. For interviews please call 747.7625 or send an email to This email address is being protected from spambots. You need JavaScript enabled to view it..
Click here to download the Original Statement
