Operation, Maintenance, and Decommissioning Cost in Life-Cycle Cost Analysis of Floating Wind Turbines

Nurullah Yildiz, Hassan Hemida and Charalampos Baniotopoulos ()
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Nurullah Yildiz: School of Engineering, Civil Engineering Department, University of Birmingham, Edgbaston, Birmingham B15 2TT, UK
Hassan Hemida: School of Engineering, Civil Engineering Department, University of Birmingham, Edgbaston, Birmingham B15 2TT, UK
Charalampos Baniotopoulos: School of Engineering, Civil Engineering Department, University of Birmingham, Edgbaston, Birmingham B15 2TT, UK

Energies, 2024, vol. 17, issue 6, 1-18

Abstract: Offshore wind farms are great options for addressing the world’s energy and climate change challenges, as well as meeting rising energy demand while taking environmental and economic impacts into account. Floating wind turbines, in specific, depict the next horizon in the sustainable renewable energy industry. In this study, a life-cycle cost analysis for floating offshore wind turbines is developed by combining the most recent data and parametric formulas from databases and relevant papers. The cost analysis models focused on cost minimization with special emphasis on Operation and Maintenance Cost (OPEX), Decommissioning Cost (DECOM), and Levelized Cost of Energy (LCOE), which are important factors in wind power economy. Given that floating wind energy is still developing, the presented scenarios should be beneficial in making future decisions. The cost analysis scenarios include on-site and off-site maintenance scenarios for OPEX. In addition, four alternative scenarios for DECOM have been examined: mechanical recycling, mechanical-incineration, incineration processes, and landfill. According to the findings of these scenarios, OPEX varies from 16.89 to 19.93 £/MWh and DECOM between 3.47 and 3.65 £/MWh, whilst the total LCOE varied from 50.67 to 66.73 £/MWh.

Keywords: barge-type floating wind turbine; decommissioning cost (DECOM); end of life; floating wind turbine; levelized cost of energy (LCOE); life cycle cost analysis (LCC); offshore wind energy; operation and maintenance cost (OPEX); renewable energy (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: 2024
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