A hypothesis for experience curves of related technologies with an application to wind energy

Christian G. Hernandez-Negron, Erin Baker and Anna P. Goldstein

Renewable and Sustainable Energy Reviews, 2023, vol. 184, issue C

Abstract: We develop a novel hypothesis around the impact of a related technology on the development of an experience curve. We explore the implications of this hypothesis in the case of wind energy, which has been historically developed onshore and is currently experiencing rapid growth in deployment offshore. We look at the impact of modelling offshore wind energy as (1) a fully new technology, (2) a direct offshoot of onshore wind, and (3) a hybrid. Focusing on the levelized cost of electricity of offshore wind, we find that assumptions about its relatedness to onshore wind are equally important as assumptions about future growth scenarios. This research highlights a previously neglected factor in experience curve analysis, which may be especially important for technologies, such as offshore wind energy, that are expected to contribute significantly to climate change mitigation.

Keywords: Offshore wind; Onshore wind; Technological change; Energy technology; Experience curves; Learning rate (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1364032123003490
Full text for ScienceDirect subscribers only

Related works:
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:eee:rensus:v:184:y:2023:i:c:s1364032123003490

Ordering information: This journal article can be ordered from
http://www.elsevier.com/wps/find/journaldescription.cws_home/600126/bibliographic
http://www.elsevier. ... 600126/bibliographic

DOI: 10.1016/j.rser.2023.113492

Access Statistics for this article

Renewable and Sustainable Energy Reviews is currently edited by L. Kazmerski

More articles in Renewable and Sustainable Energy Reviews from Elsevier
Bibliographic data for series maintained by Catherine Liu ().