The economics of offshore wind

By Richard Green, Nicholas Vasilakos. 2011

203 citations recorded by the source corpus.

This paper presents an overview of the main issues associated with the economics of offshore wind. Investment in offshore wind systems has been growing rapidly throughout Europe, and the technology will be essential in meeting EU targets for renewable energy in 2020. Offshore wind suffers from high installation and connection costs, however, making government support essential. We review various support policies used in Europe, concluding that tender-based feed-in tariff schemes, as used in Denmark, may be best for providing adequate support while minimising developers' rents. It may prove economic to build an international offshore grid connecting wind farms belonging to different countries that are sited close to each other.

Subfields: Aerospace Engineering, Electrical and Electronic Engineering

View Paper: https://www.semanticscholar.org/paper/51b70e4620548bd32d044d9d35b0a2bb9e3902ac

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Aerospace Engineering

1. Giorgio Locatelli
2. Mario Richter
3. J. Kaldellis
4. Mauro Mancini
5. Maria Kapsali
6. N. Todeschini

In Electrical and Electronic Engineering

1. Mario Richter
2. J. Kaldellis
3. F. Kern
4. Maria Kapsali
5. Adam Bumpus
6. Martin E. Wainstein

Citations in the corpus

• Shifting towards offshore wind energy—Recent activity and future development (2013, background): “…as offshore wind energy is a newcomer, most of costs associated with its development are still much higher compared to onshore counterparts (Green and Vasilakos, 2011), although some recent technological progress in terms of more efficient production patterns may have the potential to…”
• From laggard to leader: Explaining offshore wind developments in the UK (2014, background): “This is a distinct gap in the existing literature (Markard and Petersen 2009; Green and Vasilakos 2011; Toke 2011; Luo, Lacal-Arantegui et al. 2012).”
• Business model innovation for sustainable energy: how German municipal utilities invest in offshore wind energy (2013, background): “But offshore wind energy is characterised by high investment and operating costs (Green and Vasilakos, 2011).”
• Generation IV nuclear reactors: Current status and future prospects (2013, background): “Offshore wind farm composed by wind turbine of 5 MWe situated at 40 km from the coast (Junginger et al., 2004; Green and Vasilakos, 2011).”