Economic influence of location in floating offshore wind farms

Last modified: 
August 30, 2016 - 4:40am
Type: Journal Article
Year of publication: 2015
Date published: 10/2015
Authors: Laura Castro-Santos, Vicente Diaz-Casas
Journal title: Ocean Engineering
Volume: 107
Pages: 13 - 22
ISSN: 00298018

This paper aims to determine the influence that location has in the life-cycle of a floating offshore wind farm. For this purpose several steps have been considered: determination of the location variables, formulation of the costs whose value depends on these location variables, development of the location economic indexes based on the Levelized Cost of Energy and the Cost of Power, and introduction of the restricted areas where farms cannot be installed. This method will be applied to the particular case of a floating offshore wind farm with semisubmersible platforms and located in the Galician area (North-West of Spain). Results indicate the best location areas where a floating offshore wind farm can be installed in the region selected. This methodology will be useful to determine the importance of the location settings in terms of a floating offshore wind farm.

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