New York and London – The Renewables Consulting Group (RCG), a sector specialist advisory firm, today announced the appointment of energy market specialist Craig Brown, who will work from RCG’s New York office as well as its London headquarters.
Offshore wind in the US is rapidly expanding and RCG has responded by adding experienced professionals who helped to build North America’s first generation of offshore wind. Prior to joining RCG, Brown was Business Development Manager for Keystone Engineering, the design engineer for the 30 MW Block Island Wind Farm, the first offshore wind farm installed in the US. With his offshore wind experience as well as his diverse energy market background, Brown will be a boon for new business development.
Before Keystone, he was Senior Research Analyst in PFC Energy’s Downstream Monitoring and Petrochemicals Group. Brown holds a BA in Economics from Drake University and a MA in International Affairs from the American University of Paris. His graduate studies focused on European oil and gas markets and energy diplomacy. He holds a visiting Researcher position at the Oxford Institute for Energy Studies where he studied offshore wind, oil refining and commodity markets, natural gas conversion technologies, petrochemicals and gas-to-liquids.
Commenting on the appointment, Dan Pearson, RCG’s Chief Strategy Officer, said:
“Craig’s energy market knowledge coupled with his deep knowledge of the offshore wind sectors in Europe and US, further augments our world class team in this sector. Welcoming him into the RCG team to help us build our market knowledge further and grow our business development capabilities is very exciting for us.” – Dan Pearson, Chief Strategy Officer
Remarking on his appointment, Brown said:
“It’s an amazing opportunity to join the ranks of a dynamic and energetic company like RCG. I am thrilled to support the type of high-caliber consulting engagements that RCG is known for, and to play a role in delivering solutions to renewable energy markets across the globe. It’s an exciting time to join a company that is dedicated solely to helping countries and companies worldwide succeed in advancing renewable energy.”- Brown, New York and London
RCG is leading the development of offshore wind globally. Our expertise covers the full offshore wind value chain, from development, through construction, to asset management and decommissioning. We think of offshore wind as power at scale – technology with the potential to deliver a global energy transition.
Last week the New York State Department of Public Service (DPS) and the New York State Energy Research and Development Authority (NYSERDA) filed a White Paper on which stakeholders and members of the public are invited to comment. It recommends policies and procurement targets to meet the requirements of the Climate Leadership and Community Protection Act (CLCPA), including the “70 by 30” goal – the target of meeting 70 percent renewable electricity by 2030 and setting the State on the path to achieve a carbon free power sector by 2040.
Specifically, the White Paper:
For offshore wind, NYSERDA recommends that the Commission formally adopt the CLCPA’s minimum goal of 9 GW of offshore by 2035 and grant NYSERDA authority to procure the remaining amount of ORECs necessary to achieve that goal. NYSERDA also requested annual offshore wind procurements but with enough flexibility to respond to market dynamics and make adjustment based on past procurements. They will be conducted to ensure that the cumulative contracted capacity is between 750 MW and 1,000 MW per year through 2027.
Based on an offshore wind cost analysis completed with RCG [↑], NYSERDA and Commission Staff projected costs and benefits of proposed Tier 1 and offshore wind procurements to estimate the contributions each type of generation would make to the 70 by 30 target. As seen in the chart below, new offshore wind procurements are expected to comprise 17,868 GWh/year or about 11.8% of the total 2030 renewables target.
The policy announcement is a welcome economic stimulus in response to the Covid-19 pandemic, with the accelerated investment in infrastructure supporting the energy transition and creating jobs (see RCG’s post on Coronavirus: Impact on the renewables sector [↑]).