IDEAS home Printed from https://ideas.repec.org/a/eee/enepol/v39y2011i11p7025-7035.html
   My bibliography  Save this article

Potential role of power authorities in offshore wind power development in the US

Author

Listed:
  • Dhanju, Amardeep
  • Firestone, Jeremy
  • Kempton, Willett

Abstract

This article examines how power authorities could facilitate and manage offshore wind power development in US coastal waters. The power authority structure is an American 20th century institution for managing energy resources—a form of a public authority or public corporation dedicated to creating, operating and maintaining electric generation and transmission infrastructure. Offshore wind power is characterized by high capital costs but no fuel costs and thus low operating costs. Therefore a power authority, by virtue of its access to low-cost capital and managerial flexibility, could facilitate offshore wind power development by reducing financial risk of developing and lowering debt payments, thus improving the risk profile and lowering the cost of electricity production. Additionally, power authorities can be made up of multiple states, thus opening the possibility for joint action by neighboring coastal states. Using primary and secondary data, we undertake an in-depth analysis of the potential benefits and shortcomings of a power authority approach.

Suggested Citation

  • Dhanju, Amardeep & Firestone, Jeremy & Kempton, Willett, 2011. "Potential role of power authorities in offshore wind power development in the US," Energy Policy, Elsevier, vol. 39(11), pages 7025-7035.
    • Handle: RePEc:eee:enepol:v:39:y:2011:i:11:p:7025-7035
    DOI: 10.1016/j.enpol.2011.08.002
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0301421511005994
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.enpol.2011.08.002?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.

    References listed on IDEAS

    as
    1. Dhanju, Amardeep & Whitaker, Phillip & Kempton, Willett, 2008. "Assessing offshore wind resources: An accessible methodology," Renewable Energy, Elsevier, vol. 33(1), pages 55-64.
    2. Firestone, Jeremy & Kempton, Willett, 2007. "Public opinion about large offshore wind power: Underlying factors," Energy Policy, Elsevier, vol. 35(3), pages 1584-1598, March.
    3. Levitt, Andrew C. & Kempton, Willett & Smith, Aaron P. & Musial, Walt & Firestone, Jeremy, 2011. "Pricing offshore wind power," Energy Policy, Elsevier, vol. 39(10), pages 6408-6421, October.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ho, Lip-Wah & Lie, Tek-Tjing & Leong, Paul TM & Clear, Tony, 2018. "Developing offshore wind farm siting criteria by using an international Delphi method," Energy Policy, Elsevier, vol. 113(C), pages 53-67.
    2. Sheridan, Blaise & Baker, Scott D. & Pearre, Nathaniel S. & Firestone, Jeremy & Kempton, Willett, 2012. "Calculating the offshore wind power resource: Robust assessment methods applied to the U.S. Atlantic Coast," Renewable Energy, Elsevier, vol. 43(C), pages 224-233.
    3. Hong, Lixuan & Möller, Bernd, 2011. "Offshore wind energy potential in China: Under technical, spatial and economic constraints," Energy, Elsevier, vol. 36(7), pages 4482-4491.
    4. Wustenhagen, Rolf & Wolsink, Maarten & Burer, Mary Jean, 2007. "Social acceptance of renewable energy innovation: An introduction to the concept," Energy Policy, Elsevier, vol. 35(5), pages 2683-2691, May.
    5. Valentine, Scott Victor, 2011. "Understanding the variability of wind power costs," Renewable and Sustainable Energy Reviews, Elsevier, vol. 15(8), pages 3632-3639.
    6. Russell, Aaron & Bingaman, Samantha & Garcia, Hannah-Marie, 2021. "Threading a moving needle: The spatial dimensions characterizing US offshore wind policy drivers," Energy Policy, Elsevier, vol. 157(C).
    7. Haggett, Claire, 2011. "Understanding public responses to offshore wind power," Energy Policy, Elsevier, vol. 39(2), pages 503-510, February.
    8. Rubio-Domingo, G. & Linares, P., 2021. "The future investment costs of offshore wind: An estimation based on auction results," Renewable and Sustainable Energy Reviews, Elsevier, vol. 148(C).
    9. David Rudolph & Claire Haggett & Mhairi Aitken, 2018. "Community benefits from offshore renewables: The relationship between different understandings of impact, community, and benefit," Environment and Planning C, , vol. 36(1), pages 92-117, February.
    10. Díaz, Guzmán & Planas, Estefanía & Andreu, Jon & Kortabarria, Iñigo, 2015. "Joint cost of energy under an optimal economic policy of hybrid power systems subject to uncertainty," Energy, Elsevier, vol. 88(C), pages 837-848.
    11. Castro-Santos, Laura & Martins, Elson & Guedes Soares, C., 2016. "Cost assessment methodology for combined wind and wave floating offshore renewable energy systems," Renewable Energy, Elsevier, vol. 97(C), pages 866-880.
    12. Dhunny, A.Z. & Timmons, D.S. & Allam, Z. & Lollchund, M.R. & Cunden, T.S.M., 2020. "An economic assessment of near-shore wind farm development using a weather research forecast-based genetic algorithm model," Energy, Elsevier, vol. 201(C).
    13. A.H.T. Shyam Kularathna & Sayaka Suda & Ken Takagi & Shigeru Tabeta, 2019. "Evaluation of Co-Existence Options of Marine Renewable Energy Projects in Japan," Sustainability, MDPI, vol. 11(10), pages 1-26, May.
    14. Brookes, Naomi J. & Locatelli, Giorgio, 2015. "Power plants as megaprojects: Using empirics to shape policy, planning, and construction management," Utilities Policy, Elsevier, vol. 36(C), pages 57-66.
    15. Voormolen, J.A. & Junginger, H.M. & van Sark, W.G.J.H.M., 2016. "Unravelling historical cost developments of offshore wind energy in Europe," Energy Policy, Elsevier, vol. 88(C), pages 435-444.
    16. Mostafaeipour, Ali, 2010. "Feasibility study of offshore wind turbine installation in Iran compared with the world," Renewable and Sustainable Energy Reviews, Elsevier, vol. 14(7), pages 1722-1743, September.
    17. Ki, Jaehong & Yun, Sun-Jin & Kim, Woo-Chang & Oh, Subin & Ha, Jihun & Hwangbo, Eunyoung & Lee, Hyoeun & Shin, Sumin & Yoon, Seulki & Youn, Hyewon, 2022. "Local residents’ attitudes about wind farms and associated noise annoyance in South Korea," Energy Policy, Elsevier, vol. 163(C).
    18. Nelson, Hal T. & Wikstrom, Kris & Hass, Samantha & Sarle, Kirsten, 2021. "Half-length and the FACT framework: Distance-decay and citizen opposition to energy facilities," Land Use Policy, Elsevier, vol. 101(C).
    19. Díaz, Guzmán & Moreno, Blanca & Coto, José & Gómez-Aleixandre, Javier, 2015. "Valuation of wind power distributed generation by using Longstaff–Schwartz option pricing method," Applied Energy, Elsevier, vol. 145(C), pages 223-233.
    20. Ladenburg, Jacob & Dahlgaard, Jens-Olav, 2012. "Attitudes, threshold levels and cumulative effects of the daily wind-turbine encounters," Applied Energy, Elsevier, vol. 98(C), pages 40-46.

    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:enepol:v:39:y:2011:i:11:p:7025-7035. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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/locate/enpol .

    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.