# Future Technology Improvements for Renewable Technologies- OSW

> Contract award record from UK public-sector procurement sources.

## Key facts

- Public buyer: [Business Energy and Industrial Strategy](/buyers/business-energy-and-industrial-strategy/contract-awards)
- Contract winner: DNV GL
- Award value: £104,293
- Tender value: £104,293
- Award date: 31 October 2017
- Published: 6 December 2017
- Contract start: 6 November 2017
- Contract end: 6 August 2018
- Stage: awarded
- Procurement category: services
- Notice ID: 066a6f9b-a068-4554-8d3a-0824ed059efe-185714
- OCID: ocds-b5fd17-1b80bba3-a0ad-4bac-8f01-90bb2d9ae59f

## Description

The Department for Business, Energy and Industrial Strategy \(BEIS\) has identified the need for improved long-term risk management of the load factor \(LF\) assumptions used in its modelling\. The project will facilitate better understanding of LF technology learning rates in offshore wind \(OSW\) technologies and hence allow better prediction the long-term cost reduction potential in the renewable sector\. Specific outcomes will be improved predictions for load factors beyond 2020, which will enable BEIS to identify potential implications of technical improvements in OSW to policy\. Additional information: This was awarded through a Framework Agreement, Energy Technologies Specialists Framework\.

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## Source

[View the original notice on Contracts Finder](https://www.contractsfinder.service.gov.uk/Notice/066a6f9b-a068-4554-8d3a-0824ed059efe-185714)