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Review of offshore wind farm cost components

Author:
Gonzalez-Rodriguez, Angel G.
Source:
Energy for sustainable development 2017 v.37 pp. 10-19
ISSN:
0973-0826
Subject:
farm size, infrastructure, prices, profitability, wind farms, wind turbines
Abstract:
This paper reviews the data available in the bibliography relative to most important economical factors in an offshore wind farm, including the acquisition/installation of wind turbines and foundations, electrical infrastructure, design and project management, and operation/maintenance. These data are necessary to carry out any profitability analysis, or optimization procedure. In order to establish a common reference, prices have been translated into a unique currency and taken to the present year. Taking into account these considerations, the paper presents an estimation of the different costs as a function of the farm size. Finally, the main cost drivers affecting the capital and operating expenditures are presented and discussed.
Agid:
5628491