Wind Power

Updated: Dec 29, 2020

Online example shown below, based on 5 x 3-4 hour sessions.

For questions or customisation requests contact: info@greycellsenergy.com



Course objectives – is this for you?


This course is intended for those seeking a time-effective, wide-ranging and independent perspective on wind power, on- and offshore.


You will leave with a clearly explained, business-focused summary of wind power technology and its cost determinants, utilising learnings taken from a global perspective. You want to gain a good understanding of the key factors in the wind power business from an integrated, multidisciplinary and commercial viewpoint, including: resource assessment, technology trends, project delivery processes, financing factors, best practices and on vs. offshore cost structure and risk differences.



Session 1: From wind flow to electricity: wind turbines and wind farms


Wind turbine technology & trends

  • What’s in a wind turbine: a review of the key components and technology trends (including blades, drivetrains and generators)

  • Drivers for - and constraints on - bigger turbine sizes

  • Understanding ‘power curves’ and their impact on turbine selection and capacity factor

  • Examining the key data from wind turbine specifications

  • Where will continued cost reductions come from?


Energy output losses and risks

  • Wind farm layout and energy losses, such as ‘wake effects’

  • Availability losses vs. turbine performance losses

  • Solutions to extreme operating conditions, including cyclones and low temperatures

  • External constraints including curtailment, grid connection and market integration; plus solutions



Session 2: Understanding and measuring wind resources


Understanding the wind resource

  • Wind speed maps and preliminary assessment resources: illustration using an online wind resource map example

  • Why average wind speed doesn’t say much about the viability of a project

  • Understanding additional complexity in wind resource: the impacts of height, shear, turbulence, direction, humidity and other factors

  • Technologies and requirements for bankable wind resource assessment (WRA) campaigns


Wind resource risk and annual energy output

  • Wind speed distribution and its importance

  • Combining a real wind speed dataset and turbine power curves to calculate annual energy output (AEP)

  • Understanding and applying resource uncertainty to AEP outcomes: the meaning of exceedance probabilities (‘P50’, ‘P90’ etc.)

  • Assessing other uncertainties and risks to the expected AEP.

  • The growth of hybrid projects (wind plus solar and/or storage) to compensate for resource variability


Session 3: Successful delivery of wind power projects


Project delivery processes and timeframes

  • Defining the stages and likely timescales for wind farms from development to operation

  • Land use challenges and site selection criteria

  • Key reports and contracts (with illustrative example documents)

  • Environmental and social impact studies: contents and outcomes

  • New channels to markets, including corporate PPAs


Identifying and mitigating key project delivery risks

  • Stakeholder identification, mapping, prioritisation and engagement

  • The key aspects of planning and contracting issues around the grid connection

  • Planning and permitting risk assessment

  • Comparing and contrasting project planning, permitting, construction and operating risks at different sites



Session 4: Taking wind power offshore


Developing & constructing offshore wind farms

  • Development studies including seabed environmental, geotechnical and right-of-way data

  • Offshore wind foundations: their construction, costs and selection criteria.

  • Offshore grid and cabling, for both inter-array and export connections.

  • The onshore element of an offshore wind farm.

  • O&M offshore, including technology innovations and operational best practices to reduce costs


What to watch in offshore wind

  • Reviewing world markets for offshore wind (including growth trends)

  • Cost reduction in offshore wind: where is it coming from?

  • Who is investing in offshore wind? (And why this differs from the onshore wind sector)

  • Analysing the potentially disruptive impact of floating turbines on the offshore wind business

  • Integrating offshore wind with other energy sectors, including oil & gas, and hydrogen



Session 5: Making money from wind power projects


Identifying the key business case considerations

  • Reviewing the cash flow and risk/return variables behind a successful wind power project business case

  • Illustrating the impacts of business and project risks on rates of return (IRR)

  • Quantifying and explaining the variability of installed cost estimates and cost structure details in wind power projects

  • Identifying key financial risk considerations at different stages during the project lifetime

  • How project development and policy can reduce financial risks


Understanding the market value of wind-generated electricity, now and in future

  • Levelised costs (LCOE), marginal costs, long-term costs and the impact of wind on ‘merit order’ pricing

  • LCOE calculations and their limitations: when they should and shouldn’t be used

  • Curtailment, negative prices and the myth of “free wind electricity”

  • The risks facing ‘merchant’ (market-facing) wind power projects

  • Examining the impact of different sources and costs of finance, and their impact on wind energy price competitiveness



Further inquiries to: info@greycellsenergy.com