Risk Analysis and Management of Construction and Operations in Offshore Wind Power Project

Jui-Sheng Chou, Pin-Chao Liao and Chung-Da Yeh
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Jui-Sheng Chou: Department of Civil and Construction Engineering, National Taiwan University of Science and Technology, Taipei 106335, Taiwan
Pin-Chao Liao: Department of Construction Management, Tsinghua University, Beijing 100084, China
Chung-Da Yeh: Department of Civil and Construction Engineering, National Taiwan University of Science and Technology, Taipei 106335, Taiwan

Sustainability, 2021, vol. 13, issue 13, 1-18

Abstract: Many countries have increased the use of renewable energy and strongly promoted offshore wind power (OWP). However, OWP in Asia is in the preliminary stage of development, for which no precedents exist. The literature on wind energy generation has mostly investigated the causes of onshore wind turbine accidents and risk prevention, and more work on the risks associated with domestic OWP is required for energy market development. According to statistics on international wind power accidents, most offshore accidents occur in the construction and operation stages. Therefore, this work investigates risk management in the construction and operations of offshore windfarms in Taiwan. The goal is to help decision-makers to understand better the risks of the industry and so more effectively manage them. In this study, risk factors are identified from organizing data in the literature, and research methods and action strategies are developed. Research and analysis follow the risk management steps in the PMBOK ® Guide (A Guide to the Project Management Body of Knowledge). The risk rankings and preventive measures that are based on the results of this study can serve as references for relevant industry personnel in island cities and nearby Asian countries to reduce risk in the management of OWP projects.

Keywords: offshore wind turbine; wind energy development; renewable energy planning; risk management; construction and operations; analytic hierarchy process (AHP); risk impact-frequency analysis (RIFA) (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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