Renewable projects are in a climate of uncertainty.
Tax policies, tariffs, regulatory approvals, material costs and lead times can create significant challenges.
One key for successful development is to focus on the items that you can control, such as a smarter, more cost-effective design.
Challenges in Renewable Megaprojects
Large-scale renewable projects involve multiple engineering disciplines, including, System planning, Studies, Collection, Substation, Transmission and BESS.
Cost reductions in one discipline can inadvertently increase costs in others, negating overall savings.
Even small inefficiencies on megaprojects can create significant cost increases.
The key is to balance optimizations across all disciplines in order to minimize the total project cost, not just optimizing an individual design. This is what is known as "Holistic Optimization".
What’s Needed for Success
A primary engineering consultant with expertise across all engineering disciplines.
Seamless collaboration and iterative design among all disciplines to achieve holistic cost reduction.
Why Holistic Optimization Matters
Wind projects over 500 MW and solar projects exceeding 700 MW can achieve significant benefits from a holistic approach.
Strategic decisions on the size, quantity, and location of collection substations are critical to lowering total costs
Case Study
This process of Holistic Optimization was applied to a Wind Megaproject and demonstrates the substantial cost savings and improved efficiency. The owners estimated this Holistic Optimization would save them over a $100,000,000.
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