Levelized cost of energy for various floating offshore wind farm designs in the areas covered by the Spanish maritime spatial planning
Year: 2024
Type: article
Abstract: Spain took a significant step towards achieving its goal of installing 1 to 3 GW of floating offshore wind capacity by 2030, by implementing Maritime Spatial Planning encompassing 19 designated areas. Therefore, it is essential to calculate the Levelized Cost of Energy for strategically designed wind farms, taking into account the number and capacity of wind turbines. To find the most cost-effective offshore wind energy sites, the optimal combination of rated power and the number of turbines was determined and compared across different locations. This analysis used downscaled wind data from the 6th phase of the Coupled Model Intercomparison Project multi-model ensemble, covering 2025-2049 under the Shared Socioeconomic Pathway 2-4.5 scenario, matching the expected lifespan of wind farms. The results show that the Levelized Cost of Energy is lower for farms with a higher number of wind turbines with increased rated power. The areas located in the Canary Islands exhibit the most economically advantageous prices overall, ranging from 100 to 135 €/MWh. Regions such as Galicia and Cataluña also present a high diversity in prices (105 – 160 €/MWh), while Andalucía shows moderate values (135 – 140 €/MWh).
Source: Applied Energy
Language: English
Subfield: Aerospace Engineering
Field: Engineering
Domain: Physical Sciences
Open Access status: hybrid
Estimated APC paid: $4,300
Awards: G1175115578, G1344874703, G1496055848, G210041235, G2262748287, G2601397997, G300979063, G3091435618, G34346518, G3480869486, G3681454997, G3882397987, G4042783231, G4092263876, G425668148, G4329690293, G434337789, G4643759632, G4937468798, G5080475149, G5236259172, G683931746, G7416235358, INTEGRATED DigitaL Framework FOR Comprehensive MARITIME DATA AND INFORMATION SERVICES
OpenAlex ID: W4405682843