Techno-Economic Modeling of Floating Wind Farms

Ariadna Montes, David Fournely, Jens N. Sørensen () and Gunner C. Larsen
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Ariadna Montes: Copenhagen Energy, Bag Elefanterne 1, 1799 Copenhagen, Denmark
David Fournely: Copenhagen Energy, Bag Elefanterne 1, 1799 Copenhagen, Denmark
Jens N. Sørensen: DTU Wind and Energy Systems, Technical University of Denmark, Nils Koppels Allé, bldg. 403, 2800 Lyngby, Denmark
Gunner C. Larsen: DTU Wind and Energy Systems, Technical University of Denmark, Risø Campus, Frederiksborgvej 399, bldg. 114, 4000 Roskilde, Denmark

Energies, 2025, vol. 18, issue 4, 1-27

Abstract: A simple techno-economic model for determining wind power production and costs related to the development of floating offshore wind power is proposed. The model is a further extension of the minimalistic prediction model for fixed-bottom wind farms previously developed by two of the authors. In the extended version, costs associated with the deployment of floating structures, such as floaters, mooring lines, and anchors, including additional installation and operational expenses, are taken into account. This paper gives an overview of the costs of the various components of different types of floating wind power installations, and using actual wind climate and bathymetry data for the North Sea, the model is employed to map the annual energy production and levelized cost of energy (LCoE) for floating wind farms located in the North Sea.

Keywords: offshore wind energy; cost modeling; levelized cost of energy; North Sea (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: 2025
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