IDEAS home Printed from https://ideas.repec.org/a/eee/appene/v381y2025ics0306261924025492.html
   My bibliography  Save this article

Levelized cost of energy for various floating offshore wind farm designs in the areas covered by the Spanish maritime spatial planning

Author

Listed:
  • Thomas, B.
  • Costoya, X.
  • deCastro, M.
  • Iglesias, G.
  • Gómez-Gesteira, M.

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 floating 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 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 the 2025–2049 period under the Shared Socioeconomic Pathway 2–4.5 climate 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).

Suggested Citation

  • Thomas, B. & Costoya, X. & deCastro, M. & Iglesias, G. & Gómez-Gesteira, M., 2025. "Levelized cost of energy for various floating offshore wind farm designs in the areas covered by the Spanish maritime spatial planning," Applied Energy, Elsevier, vol. 381(C).
    • Handle: RePEc:eee:appene:v:381:y:2025:i:c:s0306261924025492
    DOI: 10.1016/j.apenergy.2024.125165
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0306261924025492
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.apenergy.2024.125165?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:appene:v:381:y:2025:i:c:s0306261924025492. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/wps/find/journaldescription.cws_home/405891/description#description .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.