Economic comparison of technological alternatives to harness offshore wind and wave energies

Laura Castro-Santos, Elson Martins and C. Guedes Soares

Energy, 2017, vol. 140, issue P1, 1121-1130

Abstract: The present paper compares in economic terms, four technological alternatives to use offshore renewable energies: floating offshore wind energy technology, floating offshore wave energy systems, floating offshore co-located systems and floating offshore hybrid systems. These alternatives are compared considering different locations and sizes of the farms. Studies such as this can be useful for planning strategies and decision-making, particularly to investors that have to decide if and how to develop and deploy particular technologies in deep waters. The results indicate that the best alternative considering the life-cycle cost and LCOE is the floating offshore wind energy technology. Floating offshore co-located systems have the second best result, being a better alternative than floating offshore wave energy devices or floating offshore hybrid systems.

Keywords: Marine renewable energy; Co-located systems; Wave energy; WEC; Hybrid devices; Life-cycle cost; Floating offshore wind (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (19)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:140:y:2017:i:p1:p:1121-1130

DOI: 10.1016/j.energy.2017.08.103

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