The Economics of Offshire Wind

Richard Green and Nicholas Vasilakos ()

Discussion Papers from Department of Economics, University of Birmingham

Abstract: This paper presents an overview of the main issues associated with the economics of offshore wind. Investment in offshore wind systems has been growing rapidly throughout Europe, and the technology will be essential in meeting EU targets for renewable energy in 2020. Offshore wind suffers from high installation and connection costs, however, making government support essential. We review various policies used in Europe, concluding that tender-based feed-in tariff schemes, as used in Denmark, may be best for providing adequate support while minimising developers' rents. It may prove economic to build an international offshore grid by connecting wind farms belonging to different countries that are sited close to each other

Keywords: offshore wind power; cost analysis; market trend (search for similar items in EconPapers)
JEL-codes: D43 L13 L94 Q41 Q42 (search for similar items in EconPapers)
Pages: 20 pages
Date: 2010-07
New Economics Papers: this item is included in nep-ene and nep-reg
References: Add references at CitEc
Citations:

Downloads: (external link)
https://repec.cal.bham.ac.uk/pdf/10-20.pdf

Related works:
Journal Article: The economics of offshore wind (2011)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bir:birmec:10-20

Access Statistics for this paper

More papers in Discussion Papers from Department of Economics, University of Birmingham Contact information at EDIRC.
Bibliographic data for series maintained by Oleksandr Talavera ().