Floating Offshore Renewable Energy Farms. A Life-Cycle Cost Analysis at Brindisi, Italy

Daniela Pantusa, Antonio Francone and Giuseppe Roberto Tomasicchio
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Daniela Pantusa: Department of Environmental Engineering, University of Calabria, Street P. Bucci, cube 42b, I-87036 Rende, Italy
Antonio Francone: Department of Civil, Environmental, Land, Construction and Chemistry Engineering, Polytechnic of Bari, 4 Edoardo Orabona Street, I-70125 Bari, Italy
Giuseppe Roberto Tomasicchio: Engineering Department, University of Salento, Street for Monteroni, I-73100 Lecce, Italy

Energies, 2020, vol. 13, issue 22, 1-22

Abstract: The present paper deals with the Life-Cycle Cost (LCC) of an offshore renewable energy farm that is currently a topic of interest for operators and investors. The LCC analysis refers to the Cost Breakdown Structure (CBS) considering all the phases of life span, and it has been carried out for floating offshore wind farms (FOWFs) and hybrid wind-wave farms (HWWFs). For HWWFs, this paper proposes a hybrid wind-wave energy system (HWWES), which provides the coupling of wave energy converter (WEC) with Tension Leg Platform (TLP) or Spar Buoy platform (SB). The LCC analysis has been carried out considering: (i) FOWF consisting of TLP floating platforms; (ii) FOWF consisting of a SB floating platforms; (iii) HWWF realized with the conceived hybrid system coupling the WEC with the TLP platform; (iv) HWWF realized with the conceived hybrid system coupling the WEC with SB platform. In addition to the LCC evaluation, the Levelized Cost of Energy (LCOE) analysis has also been carried out. The site chosen for the study is off the port of Brindisi, southern Italy. This work’s interest lies in having performed a LCC analysis for FOWF and HWWF in the Mediterranean that is an area of growing interest for offshore renewable energy, and obtained results have allowed making assessments on costs for offshore energy farms.

Keywords: life-cycle cost analysis (LCC); LCOE; offshore wind energy; offshore wave energy; hybrid wind-wave system (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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