Development & Thinking of Offshore Wind Power Based on Life Cycle Economic Evaluation
Year: 2024
Type: article
Abstract: At present, the research on economic evaluation of offshore wind power (OWP) is poor, while OWP urgently needs economic evaluation as the basis for its large-scale application. Based on the economy of OWP projects, this article firstly reviews the composition and development of offshore wind farms and analyzes 3 types and 6 development models of current OWP projects. Then the whole life cycle of OWP projects are divided into 3 stages, including initial investment, operation maintenance and retirement recovery, and the cost of each stage is analyzed and its respective mathematical model is established. Then, 6 economic indicators such as NPV are introduced to evaluate an OWP project for case study. Finally, the current progress and research deficiencies of OWP projects are summed up, which can provide a direction for future research and a support and reference for the more economical development of OWP.
Authors: Li FENG, Lianmei ZHANG, Jiajia WEI, Changhong DENG, Guo LI, Jiayue YIN
Institutions: Wuhan University, China Southern Power Grid (China)
Language: English
Subfield: Aerospace Engineering
Field: Engineering
Domain: Physical Sciences
Open Access status: green
OpenAlex ID: W6903500330