Influence of Size on the Economic Feasibility of Floating Offshore Wind Farms

Laura Castro-Santos, Almudena Filgueira-Vizoso, Carlos Álvarez-Feal and Luis Carral
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Laura Castro-Santos: Departamento de Enxeñaría Naval e Industrial, Escola Politécnica Superior, Universidade da Coruña, Esteiro, 15471 Ferrol, Spain
Almudena Filgueira-Vizoso: Departamento de Química, Escola Politécnica Superior, Universidade da Coruña, Esteiro, 15471 Ferrol, Spain
Carlos Álvarez-Feal: Departamento de Enxeñaría Naval e Industrial, Escola Politécnica Superior, Universidade da Coruña, Esteiro, 15471 Ferrol, Spain
Luis Carral: Departamento de Enxeñaría Naval e Industrial, Escola Politécnica Superior, Universidade da Coruña, Esteiro, 15471 Ferrol, Spain

Sustainability, 2018, vol. 10, issue 12, 1-13

Abstract: This paper uses a method to analyze the economic influence of the size of floating offshore wind farms. The economic aspects analyzed, LCOE (Levelized Cost Of Energy) and costs, depend on the number of floating offshore wind turbines, which establishes the effect of the size of the farm. This influence has been carried out for a map in a specific location. Regarding the case study, 18 alternatives have been considered taking into account the total power of the farm and the types of floating platforms. These aspects have been studied for the location of Galicia (Spain). Results indicate how LCOE and costs vary when the size of the floating offshore wind farm is increased for the studied kinds of offshore structures. Results are useful for planning an offshore wind farm in deep waters in future investments.

Keywords: offshore wind farm; power; size; cost; renewable energy (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:10:y:2018:i:12:p:4484-:d:186264

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