RT Journal Article
T1 Economic Feasibility of Floating Offshore Wind Farms Considering Near Future Wind Resources: Case Study of Iberian Coast and Bay of Biscay
A1 Castro Santos, Laura
A1 Castro, Maite de
A1 Costoya Noguerol, Jorge
A1 Filgueira Vizoso, Almudena
A1 Lamas Galdo, María Isabel
A1 Ribeiro, Americo
A1 Dias, João M.
A1 Gómez Gesteira, Moncho
K1 Floating offshore wind farms
K1 Wind power density
K1 CORDEX future projections
K1 LCOE
K1 NPV
K1 IRR
AB Wind energy resources are subject to changes in climate, so the use of wind energy density projections in the near future is essential to determine the viability and profitability of wind farms at particular locations. Thus, a step forward in determining the economic assessment of floating offshore wind farms was taken by considering current and near-future wind energy resources in assessing the main parameters that determine the economic viability (net present value, internal rate of return, and levelized cost of energy) of wind farms. This study was carried out along the Atlantic coast from Brest to Cape St. Vincent. Results show that the future reduction in wind energy density (2%–6%) mainly affects the net present value (NPV) of the farm and has little influence on the levelized cost of energy (LCOE). This study provides a good estimate of the economic viability of OWFs (Offshore Wind Farms) by taking into account how wind resources can vary due to climate change over the lifetime of the farm
PB MDPI
YR 2021
FD 2021
LK http://hdl.handle.net/10347/24723
UL http://hdl.handle.net/10347/24723
LA eng
NO Int. J. Environ. Res. Public Health 2021, 18(5), 2553; https://doi.org/10.3390/ijerph18052553
NO This research was partially funded by Project PID2019-105386RA-I00 “Design of a tool for the selection of offshore renewable energy locations and technologies: application to Spanish territorial waters (SEARENEW)”, financed by Ministerio de Ciencia e Innovación—Agencia Estatal de Investigación/10.13039/501100011033. This work was partially financed by Xunta de Galicia (Spain) under project ED431C 2017/64 “Programa de Consolidacion e Estructuracion de Unidades de Investigacion Competitivas”. A. Ribeiro benefits from PhD Grants (SFRH/BD/114919/2016) given by the Portuguese Science Foundation FCT (Fundação para a Ciência e Tecnologia). Thanks are due to FCT/MCTES for the financial support to CESAM (UIDP/50017/2020+UIDB/50017/2020), through national funds
DS Minerva
RD 24 abr 2026