As Senkron Energy, we tackle the critical challenges of the modern energy sector, including operational inefficiencies, complexities in managing diverse renewable portfolios, rising costs due to unplanned downtimes, long lead time for equipment supply after downtime, uncertainties in hybrid power plants with storage, and increasing cybersecurity attacks. With our headquarters in Amsterdam, we’re dedicated to driving global energy transformation through innovative digital solutions. Our mission is centered on empowering sustainable energy technologies with data intelligence and industry expertise. Our innovative approach allows our clients to harness AI-driven insights to optimize investment, operation, maintenance, and monetization of their investment contributing to a sustainable future.

We offer a comprehensive products and services tailored to address the diverse challenges of the energy sector. Our solutions are meticulously developed to enhance operational efficiency, improve decision-making processes, and fortify the cybersecurity of critical infrastructure.

One of our flagship offerings is the OnePact which is a Renewable Energy Management Suite (REMS), a cutting-edge platform designed to optimize the performance and management of renewable energy assets. REMS integrates advanced data analytics, predictive maintenance, and real-time monitoring to ensure maximum efficiency and reliability of renewable energy portfolios. By leveraging AI and machine learning, Onepact provides actionable insights that help in minimizing downtime, extending equipment lifespan, and optimizing energy production. This solution not only enhances operational efficiency but also supports strategic decision-making, enabling our clients to achieve their sustainability goals more effectively.

Integrating storage into wind and solar power plants can be challenging, especially when defining the optimum storage capacity for hybrid systems. To address this, we have a simulation model that determines the ideal capacity for grid-level storage investments ensuring maximum efficiency and return on investment.

To address the growing threat of cybersecurity attacks, we offer a robust Cyberpact OT/ICS SOC (Security Operations Center) solution tailored for the energy sector. Our OT/ICS SOC solution delivers real-time monitoring, threat detection, and comprehensive threat intelligence designed specifically for Operational Technology (OT) and Industrial Control Systems (ICS). We ensure the protection of critical infrastructure and the secure operation of energy assets. This proactive approach enhances the resilience of our clients’ operations and safeguards their investments in an increasingly digital and interconnected world

In the realm of cybersecurity, we provide a comprehensive security framework that protects the physical and digital components of critical infrastructure from advanced cyberattacks, ensuring seamless operations and regulatory compliance. As Senkron Energy, we empower your energy operations with advanced technology, paving the way for a more sustainable and secure future

The costs of wind power and battery energy storage projects have come down from levels seen in 2022, at the height of global supply chain constraints and the impacts of the Ukraine war. The industry still faces challenges as central banks continue to raise rates and some clean energy manufacturers are not yet passing cost savings on to buyers, but the last few years of turmoil have been an exception to otherwise consistent project cost declines over a longer time period according to the latest analysis by research company BloombergNEF (BNEF).

Over the last six months, the costs of new-build offshore wind and storage projects have fallen by a respective 2% and 12% and the global benchmark costs for onshore wind are down 6% over the last 12 months, but remain unchanged since the second half of 2022. BNEF’s analysis shows that the global benchmark levelized cost of electricity, or LCOE, for offshore wind is now on par with coal, the cheapest since BNEF started capturing project data in 2009, driven by a strong China market. Despite a 5% reduction in the cost of fossil fuel-fired projects over the last six months, onshore wind and PV remain the cheapest new-build technologies to produce electricity in countries covering 82% of global electricity generation.

BloombergNEF’s global benchmark costs for solar have risen over the last six months. The average fixed-axis solar project is estimated to be a modest 2% more costly. The typical solar project with trackers has risen by a more substantial 12%. These projects are common in the US, and developers here have faced rising labor, balance of plant and financing costs.

Logistics prices have continued to fall from their record highs, offering a welcome relief to project developers and manufacturers who have struggled under high prices in the last two years. Shipping rates from Asia peaked in September 2021 but are now back to early 2020 levels. Shipping routes from Asia are critical to deliver solar panels, inverters, batteries and other components.

Compared to the end of 2022, equipment costs for fixed-axis solar are down 2% due to lower polysilicon prices, while lower lithium carbonate prices have reduced battery storage equipment costs by 1%. Meanwhile, BNEF analysis shows that equipment costs for onshore wind farms are 3% higher, while offshore wind farms are 1% higher on average. American and European wind turbine manufacturers have still been feeling the effects of the commodity squeeze of the past year.

Financing costs have risen and offset some of the gains from lower equipment costs. The weighted average cost of capital (WACC) for new wind projects is 6.4%, almost 50 basis points higher than last year and puts financing costs back to where they were in 2017. This rise was not matched on the equity side and sponsors have shown restraint so far to increase return rates.

Amar Vasdev, lead author of the report said, “Equity investor interest remains strong and expected rates of return have not increased as fast as interest rates. Renewable power projects are considered a safe asset class and with the right power purchase agreement can even provide a hedge against inflation. As central bank interest rates come down, we may also see a wave of refinancing for the current crop of projects.”

These global cost benchmarks combine a range of country-level estimates that vary according to market maturity, resource availability, project characteristics, local financing conditions and labor costs. The cheapest renewable power projects in the first half of 2023 can be found in China, achieving an LCOE of $23/MWh for best-in-class onshore wind farms, $50/MWh for offshore wind and $31/MWh for fixed-axis PV farms. While costs for onshore and offshore wind have risen outside China, a highly competitive domestic wind turbine manufacturing market has led to continued price declines in the country. Two years ago, China’s offshore wind LCOE was $91/MWh, on par with global costs. Today, China’s typical offshore wind LCOE is $66/MWh – that is $21/MWh less than the rest of the world.

Matthias Kimmel, Head of Energy Economics at BNEF, commented: “China has invested a lot into its local supply chain over the last decade-and-a-half, resulting in a highly active renewables industry with cut-throat competition. The country has long been a leader in solar manufacturing, but now we’re also seeing diverging paths when it comes to cost declines for wind turbines. The US and Europe have lagged behind and now need to play catch-up”.

Still, the last few years of turmoil have been an exception to otherwise consistent project cost declines over a longer time period. The LCOEs of utility-scale solar, onshore and offshore wind have fallen by 58-74% over the decade to 2023, and BNEF expects these cost reductions to continue in the long run thanks to continuing technology improvements, greater economies of scale and reduced financing costs.

Featuring an installed capacity and portfolio based entirely on renewable energy sources, Borusan EnBW Enerji makes a direct contribution to sustainability in Turkey and in the world as it ranks among the leading wind power generation companies.

The company’s installed capacity is 725 MW with its 12 energy power plants and its total portfolio amounts to 935 MW once 94 MWp Saros SPP the other WPP licenses installed. Borusan EnBW Enerji’s renewable energy facilities, while substituting fossil fuel-based facilities that cause significant greenhouse gas emissions with their clean energy production, prevented a total of 1,300,000 tons of carbon emissions in 2021. 

Borusan EnBW Enerji’s basic approach to sustainability is to contribute directly and indirectly to the sustainability of the world in its activities and to create sustainable value for its stakeholders.

With the installed capacity and portfolio comprised solely of renewable energy sources, Borusan EnBW Enerji possesses a professional investment team that creates added value through high-level project management and engineering expertise and expert operation and maintenance teams managing power plants efficient with high availability and capacity. The company has the product portfolio that helps the customers procure green electricity with I-REC Green Energy and Gold Standard Carbon Certificates. Borusan EnBW Enerji has competitive advantage owing to its vision to have a continuous development in existing business models; a far reaching vision based on development through new business models as well as digital transformation. 

With a sustainability strategy having focus areas climate, human and innovation, the company aims to ensure the conservation and regeneration of species with the biodiversity projects it has designed under the climate focus area. With the biodiversity project in the field of flora, Borusan EnBW Enerji aims to restore the Sultan Lily, species whose existence in their natural environment has been decreasing in recent years, to reproduce this specific species in a laboratory environment and then realize its regeneration in nature. The Birdhouses and Bat Roosts biodiversity project carried out in the fauna area, the target is to contribute healthy forest growth as increase in the bird and bat population in forest areas balances the insect population as they feed on insects that damage trees. Borusan EnBW Enerji, which carries out excursions in order to clean up the wastes left in the forest that may cause forest fires or have an igniting effect during forest fires, carries out all these projects with the voluntary efforts of universities, non-governmental organizations as well as company employees.

In the human focus area, Borusan EnBW Enerji, which carries out projects for the common use areas of its stakeholders, especially the local people, provides scholarships to students in need. In addition, they implement inclusivity projects aimed at increasing women’s employment in the field of gender equality, especially in renewable energy facilities. In the innovation focus area, they continue to work within the framework of new business models.