IDEAS home Printed from https://ideas.repec.org/a/eee/energy/v189y2019ics0360544219320523.html
   My bibliography  Save this article

Global levelised cost of electricity from offshore wind

Author

Listed:
  • Bosch, Jonathan
  • Staffell, Iain
  • Hawkes, Adam D.

Abstract

There is strong agreement across the energy modelling community that wind energy will be a key route to mitigating carbon emissions in the electricity sector. This paper presents a Geospatial Information System methodology for estimating spatially-resolved levelised cost of electricity for offshore wind, globally. The principal spatial characteristics of capital costs are transmission distance (i.e. the distance to grid connection) and water depth, because of the disparate costs of turbine foundation technologies. High resolution capacity factors are estimated from a bottom-up estimation of global wind speeds calculated from several decades of wind speed data. A technology-rich description of fixed and floating foundation types allows the levelised cost of electricity to be calculated for 1 × 1 km grid cells, relative to location-specific annual energy production, and accounting for exclusion areas, array losses and turbine availability. These data can be used to assess the economically viable offshore wind energy potential, globally and on a country basis, and can serve as inputs to energy systems models.

Suggested Citation

  • Bosch, Jonathan & Staffell, Iain & Hawkes, Adam D., 2019. "Global levelised cost of electricity from offshore wind," Energy, Elsevier, vol. 189(C).
    • Handle: RePEc:eee:energy:v:189:y:2019:i:c:s0360544219320523
    DOI: 10.1016/j.energy.2019.116357
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0360544219320523
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.energy.2019.116357?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. Larsson, Simon & Fantazzini, Dean & Davidsson, Simon & Kullander, Sven & Höök, Mikael, 2014. "Reviewing electricity production cost assessments," Renewable and Sustainable Energy Reviews, Elsevier, vol. 30(C), pages 170-183.
    2. 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.
    3. Sachs, Julia & Moya, Diego & Giarola, Sara & Hawkes, Adam, 2019. "Clustered spatially and temporally resolved global heat and cooling energy demand in the residential sector," Applied Energy, Elsevier, vol. 250(C), pages 48-62.
    4. Neij, Lena, 2008. "Cost development of future technologies for power generation--A study based on experience curves and complementary bottom-up assessments," Energy Policy, Elsevier, vol. 36(6), pages 2200-2211, June.
    5. Myhr, Anders & Bjerkseter, Catho & Ågotnes, Anders & Nygaard, Tor A., 2014. "Levelised cost of energy for offshore floating wind turbines in a life cycle perspective," Renewable Energy, Elsevier, vol. 66(C), pages 714-728.
    6. Weaver, Tyson, 2012. "Financial appraisal of operational offshore wind energy projects," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(7), pages 5110-5120.
    7. Bosch, Jonathan & Staffell, Iain & Hawkes, Adam D., 2018. "Temporally explicit and spatially resolved global offshore wind energy potentials," Energy, Elsevier, vol. 163(C), pages 766-781.
    8. Dupont, Elise & Koppelaar, Rembrandt & Jeanmart, Hervé, 2018. "Global available wind energy with physical and energy return on investment constraints," Applied Energy, Elsevier, vol. 209(C), pages 322-338.
    9. Topham, Eva & McMillan, David, 2017. "Sustainable decommissioning of an offshore wind farm," Renewable Energy, Elsevier, vol. 102(PB), pages 470-480.
    10. McKenna, R. & Hollnaicher, S. & Ostman v. d. Leye, P. & Fichtner, W., 2015. "Cost-potentials for large onshore wind turbines in Europe," Energy, Elsevier, vol. 83(C), pages 217-229.
    11. Cavazzi, S. & Dutton, A.G., 2016. "An Offshore Wind Energy Geographic Information System (OWE-GIS) for assessment of the UK's offshore wind energy potential," Renewable Energy, Elsevier, vol. 87(P1), pages 212-228.
    12. Pacheco, A. & Gorbeña, E. & Sequeira, C. & Jerez, S., 2017. "An evaluation of offshore wind power production by floatable systems: A case study from SW Portugal," Energy, Elsevier, vol. 131(C), pages 239-250.
    13. Hdidouan, Daniel & Staffell, Iain, 2017. "The impact of climate change on the levelised cost of wind energy," Renewable Energy, Elsevier, vol. 101(C), pages 575-592.
    14. Ondraczek, Janosch & Komendantova, Nadejda & Patt, Anthony, 2015. "WACC the dog: The effect of financing costs on the levelized cost of solar PV power," Renewable Energy, Elsevier, vol. 75(C), pages 888-898.
    15. Staffell, Iain & Pfenninger, Stefan, 2016. "Using bias-corrected reanalysis to simulate current and future wind power output," Energy, Elsevier, vol. 114(C), pages 1224-1239.
    16. van der Zwaan, Bob & Rivera-Tinoco, Rodrigo & Lensink, Sander & van den Oosterkamp, Paul, 2012. "Cost reductions for offshore wind power: Exploring the balance between scaling, learning and R&D," Renewable Energy, Elsevier, vol. 41(C), pages 389-393.
    17. Staffell, Iain & Green, Richard, 2014. "How does wind farm performance decline with age?," Renewable Energy, Elsevier, vol. 66(C), pages 775-786.
    18. Volker Krey & Leon Clarke, 2011. "Role of renewable energy in climate mitigation: a synthesis of recent scenarios," Climate Policy, Taylor & Francis Journals, vol. 11(4), pages 1131-1158, July.
    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. Bosch, Jonathan & Staffell, Iain & Hawkes, Adam D., 2018. "Temporally explicit and spatially resolved global offshore wind energy potentials," Energy, Elsevier, vol. 163(C), pages 766-781.
    2. Russell McKenna & Stefan Pfenninger & Heidi Heinrichs & Johannes Schmidt & Iain Staffell & Katharina Gruber & Andrea N. Hahmann & Malte Jansen & Michael Klingler & Natascha Landwehr & Xiaoli Guo Lars', 2021. "Reviewing methods and assumptions for high-resolution large-scale onshore wind energy potential assessments," Papers 2103.09781, arXiv.org.
    3. McKenna, Russell & Pfenninger, Stefan & Heinrichs, Heidi & Schmidt, Johannes & Staffell, Iain & Bauer, Christian & Gruber, Katharina & Hahmann, Andrea N. & Jansen, Malte & Klingler, Michael & Landwehr, 2022. "High-resolution large-scale onshore wind energy assessments: A review of potential definitions, methodologies and future research needs," Renewable Energy, Elsevier, vol. 182(C), pages 659-684.
    4. Hdidouan, Daniel & Staffell, Iain, 2017. "The impact of climate change on the levelised cost of wind energy," Renewable Energy, Elsevier, vol. 101(C), pages 575-592.
    5. Judge, Frances & McAuliffe, Fiona Devoy & Sperstad, Iver Bakken & Chester, Rachel & Flannery, Brian & Lynch, Katie & Murphy, Jimmy, 2019. "A lifecycle financial analysis model for offshore wind farms," Renewable and Sustainable Energy Reviews, Elsevier, vol. 103(C), pages 370-383.
    6. Hayes, Liam & Stocks, Matthew & Blakers, Andrew, 2021. "Accurate long-term power generation model for offshore wind farms in Europe using ERA5 reanalysis," Energy, Elsevier, vol. 229(C).
    7. Hu, Jing & Harmsen, Robert & Crijns-Graus, Wina & Worrell, Ernst, 2019. "Geographical optimization of variable renewable energy capacity in China using modern portfolio theory," Applied Energy, Elsevier, vol. 253(C), pages 1-1.
    8. John Dorrell & Keunjae Lee, 2020. "The Cost of Wind: Negative Economic Effects of Global Wind Energy Development," Energies, MDPI, vol. 13(14), pages 1-25, July.
    9. Dupré la Tour, Marie-Alix, 2023. "Photovoltaic and wind energy potential in Europe – A systematic review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 179(C).
    10. Centeno-Telleria, Manu & Yue, Hong & Carrol, James & Aizpurua, Jose I. & Penalba, Markel, 2024. "O&M-aware techno-economic assessment for floating offshore wind farms: A geospatial evaluation off the North Sea and the Iberian Peninsula," Applied Energy, Elsevier, vol. 371(C).
    11. Jung, Christopher & Schindler, Dirk, 2022. "On the influence of wind speed model resolution on the global technical wind energy potential," Renewable and Sustainable Energy Reviews, Elsevier, vol. 156(C).
    12. Eugenio Baita-Saavedra & David Cordal-Iglesias & Almudena Filgueira-Vizoso & Laura Castro-Santos, 2019. "Economic Aspects of a Concrete Floating Offshore Wind Platform in the Atlantic Arc of Europe," IJERPH, MDPI, vol. 16(21), pages 1-15, October.
    13. Louise Christine Dammeier & Joyce H. C. Bosmans & Mark A. J. Huijbregts, 2023. "Variability in greenhouse gas footprints of the global wind farm fleet," Journal of Industrial Ecology, Yale University, vol. 27(1), pages 272-282, February.
    14. Philipp Beiter & Aubryn Cooperman & Eric Lantz & Tyler Stehly & Matt Shields & Ryan Wiser & Thomas Telsnig & Lena Kitzing & Volker Berkhout & Yuka Kikuchi, 2021. "Wind power costs driven by innovation and experience with further reductions on the horizon," Wiley Interdisciplinary Reviews: Energy and Environment, Wiley Blackwell, vol. 10(5), September.
    15. Gualtieri, G., 2022. "Analysing the uncertainties of reanalysis data used for wind resource assessment: A critical review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 167(C).
    16. Benini, Giacomo & Cattani, Gilles, 2022. "Measuring the long run technical efficiency of offshore wind farms," Applied Energy, Elsevier, vol. 308(C).
    17. Browning, Morgan S. & Lenox, Carol S., 2020. "Contribution of offshore wind to the power grid: U.S. air quality implications," Applied Energy, Elsevier, vol. 276(C).
    18. Kies, Alexander & Schyska, Bruno U. & Bilousova, Mariia & El Sayed, Omar & Jurasz, Jakub & Stoecker, Horst, 2021. "Critical review of renewable generation datasets and their implications for European power system models," Renewable and Sustainable Energy Reviews, Elsevier, vol. 152(C).
    19. Staffell, Iain & Pfenninger, Stefan, 2018. "The increasing impact of weather on electricity supply and demand," Energy, Elsevier, vol. 145(C), pages 65-78.
    20. McKenna, Russell & Weinand, Jann Michael & Mulalic, Ismir & Petrovic, Stefan & Mainzer, Kai & Preis, Tobias & Moat, Helen Susannah, 2020. "Improving renewable energy resource assessments by quantifying landscape beauty," Working Paper Series in Production and Energy 43, Karlsruhe Institute of Technology (KIT), Institute for Industrial Production (IIP).

    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:energy:v:189:y:2019:i:c:s0360544219320523. 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.journals.elsevier.com/energy .

    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.