Economic Aspects of a Concrete Floating Offshore Wind Platform in the Atlantic Arc of Europe

Eugenio Baita-Saavedra, David Cordal-Iglesias, Almudena Filgueira-Vizoso and Laura Castro-Santos
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Eugenio Baita-Saavedra: Escola Politécnica Superior, Universidade da Coruña, Esteiro, 15471 Ferrol, Spain
David Cordal-Iglesias: 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
Laura Castro-Santos: Departamento de Enxeñaría Naval e Industrial, Escola Politécnica Superior, Universidade da Coruña, Esteiro, 15471 Ferrol, Spain

IJERPH, 2019, vol. 16, issue 21, 1-15

Abstract: The objective of this paper is to examine the economic aspects of a concrete offshore wind floating platform in the Atlantic Arc of Europe (Portugal and Spain). The life-cycle cost of a concrete floating offshore wind platform is considered to calculate the main economic parameters that will define the economic feasibility of the offshore wind farm. The case of study is the concrete floating offshore wind platform Telwind ® , a spar platform with a revolutionary way of installing using a self-erecting telescopic tower of the wind turbine. In addition, the study analyses thirteen locations in Spain and twenty in Portugal, including the Atlantic islands of both countries. Results indicate that the economically feasible location to install a concrete offshore wind farm composed of concrete platforms is the Canary Islands (Spain) and Flores (Portugal).

Keywords: floating offshore wind; concrete wind platform; economic feasibility; IRR; NPV; LCOE (search for similar items in EconPapers)
JEL-codes: I I1 I3 Q Q5 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:gam:jijerp:v:16:y:2019:i:21:p:4122-:d:280459

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