IDEAS home Printed from https://ideas.repec.org/a/eee/rensus/v189y2024ipas136403212300730x.html
   My bibliography  Save this article

Detailed mapping of technical capacities and economics potential of offshore wind energy: A case study in South-eastern Australia

Author

Listed:
  • Gao, Qiang
  • Hayward, Jennifer A.
  • Sergiienko, Nataliia
  • Khan, Salman Saeed
  • Hemer, Mark
  • Ertugrul, Nesimi
  • Ding, Boyin

Abstract

Australia has significant offshore wind resources that can support ever-increasing power demand and hence provide a long-term contribution to the net-zero target by 2050. Although some offshore wind farm projects are proposed in Australia, the industry is not mature enough to justify the benefits and display economic opportunities. More specifically, the techno-economic analysis of offshore wind energy has not been systematically mapped in Australia. Therefore, the investigation of the spatial variation of technical feasibility and economic potential of offshore wind is vital to identify the potential regions and to develop strategies for future offshore wind farm developments in Australia. This paper presents detailed mappings of the techno-economic potential of offshore wind energy in Victoria-Tasmania’s exclusive economic zone. Offshore wind energy resources are assessed in the paper in terms of energy availability and variability and the feasibility of various offshore wind technologies is investigated, including turbines, foundation types and transmission topologies. In addition, the high-fidelity life-cycle cost models and two innovative evaluation matrices are developed to assess the economic potential of offshore energy farms in South-eastern Australia. The impact of local power system regulation costs and future carbon prices on the viability of offshore wind is also investigated in this paper. It is concluded that the detailed mapping approach and analysis in the paper can provide a systematic tool for industry partners, investors and policymakers at the pre-planning stage of developing offshore renewable energy systems.

Suggested Citation

  • Gao, Qiang & Hayward, Jennifer A. & Sergiienko, Nataliia & Khan, Salman Saeed & Hemer, Mark & Ertugrul, Nesimi & Ding, Boyin, 2024. "Detailed mapping of technical capacities and economics potential of offshore wind energy: A case study in South-eastern Australia," Renewable and Sustainable Energy Reviews, Elsevier, vol. 189(PA).
    • Handle: RePEc:eee:rensus:v:189:y:2024:i:pa:s136403212300730x
    DOI: 10.1016/j.rser.2023.113872
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S136403212300730X
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.rser.2023.113872?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. Bosch, Jonathan & Staffell, Iain & Hawkes, Adam D., 2019. "Global levelised cost of electricity from offshore wind," Energy, Elsevier, vol. 189(C).
    2. Astariz, S. & Perez-Collazo, C. & Abanades, J. & Iglesias, G., 2015. "Co-located wave-wind farms: Economic assessment as a function of layout," Renewable Energy, Elsevier, vol. 83(C), pages 837-849.
    3. Ioannou, Anastasia & Angus, Andrew & Brennan, Feargal, 2018. "A lifecycle techno-economic model of offshore wind energy for different entry and exit instances," Applied Energy, Elsevier, vol. 221(C), pages 406-424.
    4. Gao, Qiang & Khan, Salman Saeed & Sergiienko, Nataliia & Ertugrul, Nesimi & Hemer, Mark & Negnevitsky, Michael & Ding, Boyin, 2022. "Assessment of wind and wave power characteristic and potential for hybrid exploration in Australia," Renewable and Sustainable Energy Reviews, Elsevier, vol. 168(C).
    5. Martinez, A. & Iglesias, G., 2022. "Mapping of the levelised cost of energy for floating offshore wind in the European Atlantic," Renewable and Sustainable Energy Reviews, Elsevier, vol. 154(C).
    6. Aldersey-Williams, J. & Rubert, T., 2019. "Levelised cost of energy – A theoretical justification and critical assessment," Energy Policy, Elsevier, vol. 124(C), pages 169-179.
    7. Gao, Qiang & Yuan, Rui & Ertugrul, Nesimi & Ding, Boyin & Hayward, Jennifer A. & Li, Ye, 2023. "Analysis of energy variability and costs for offshore wind and hybrid power unit with equivalent energy storage system," Applied Energy, Elsevier, vol. 342(C).
    8. Costoya, X. & deCastro, M. & Santos, F. & Sousa, M.C. & Gómez-Gesteira, M., 2019. "Projections of wind energy resources in the Caribbean for the 21st century," Energy, Elsevier, vol. 178(C), pages 356-367.
    9. 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.
    10. Costoya, X. & deCastro, M. & Carvalho, D. & Feng, Z. & Gómez-Gesteira, M., 2021. "Climate change impacts on the future offshore wind energy resource in China," Renewable Energy, Elsevier, vol. 175(C), pages 731-747.
    11. Malte Jansen & Iain Staffell & Lena Kitzing & Sylvain Quoilin & Edwin Wiggelinkhuizen & Bernard Bulder & Iegor Riepin & Felix Müsgens, 2020. "Offshore wind competitiveness in mature markets without subsidy," Nature Energy, Nature, vol. 5(8), pages 614-622, August.
    12. 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.
    13. Clark, Caitlyn E. & Miller, Annalise & DuPont, Bryony, 2019. "An analytical cost model for co-located floating wind-wave energy arrays," Renewable Energy, Elsevier, vol. 132(C), pages 885-897.
    14. 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.
    15. Zheng, Chong-wei & Xiao, Zi-niu & Peng, Yue-hua & Li, Chong-yin & Du, Zhi-bo, 2018. "Rezoning global offshore wind energy resources," Renewable Energy, Elsevier, vol. 129(PA), pages 1-11.
    16. Hemer, Mark A. & Zieger, Stefan & Durrant, Tom & O'Grady, Julian & Hoeke, Ron K. & McInnes, Kathleen L. & Rosebrock, Uwe, 2017. "A revised assessment of Australia's national wave energy resource," Renewable Energy, Elsevier, vol. 114(PA), pages 85-107.
    17. Sergiienko, N.Y. & da Silva, L.S.P. & Bachynski-Polić, E.E. & Cazzolato, B.S. & Arjomandi, M. & Ding, B., 2022. "Review of scaling laws applied to floating offshore wind turbines," Renewable and Sustainable Energy Reviews, Elsevier, vol. 162(C).
    18. Dicorato, M. & Forte, G. & Pisani, M. & Trovato, M., 2011. "Guidelines for assessment of investment cost for offshore wind generation," Renewable Energy, Elsevier, vol. 36(8), pages 2043-2051.
    19. Alassi, Abdulrahman & Bañales, Santiago & Ellabban, Omar & Adam, Grain & MacIver, Callum, 2019. "HVDC Transmission: Technology Review, Market Trends and Future Outlook," Renewable and Sustainable Energy Reviews, Elsevier, vol. 112(C), pages 530-554.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Gao, Qiang & Bechlenberg, Alva & Jayawardhana, Bayu & Ertugrul, Nesimi & Vakis, Antonis I. & Ding, Boyin, 2024. "Techno-economic assessment of offshore wind and hybrid wind–wave farms with energy storage systems," Renewable and Sustainable Energy Reviews, Elsevier, vol. 192(C).

    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. Gao, Qiang & Yuan, Rui & Ertugrul, Nesimi & Ding, Boyin & Hayward, Jennifer A. & Li, Ye, 2023. "Analysis of energy variability and costs for offshore wind and hybrid power unit with equivalent energy storage system," Applied Energy, Elsevier, vol. 342(C).
    2. Gao, Qiang & Bechlenberg, Alva & Jayawardhana, Bayu & Ertugrul, Nesimi & Vakis, Antonis I. & Ding, Boyin, 2024. "Techno-economic assessment of offshore wind and hybrid wind–wave farms with energy storage systems," Renewable and Sustainable Energy Reviews, Elsevier, vol. 192(C).
    3. Chenglong Guo & Wanan Sheng & Dakshina G. De Silva & George Aggidis, 2023. "A Review of the Levelized Cost of Wave Energy Based on a Techno-Economic Model," Energies, MDPI, vol. 16(5), pages 1-30, February.
    4. Ophelie Choupin & Michael Henriksen & Amir Etemad-Shahidi & Rodger Tomlinson, 2021. "Breaking-Down and Parameterising Wave Energy Converter Costs Using the CapEx and Similitude Methods," Energies, MDPI, vol. 14(4), pages 1-27, February.
    5. Martinez, A. & Iglesias, G., 2022. "Mapping of the levelised cost of energy for floating offshore wind in the European Atlantic," Renewable and Sustainable Energy Reviews, Elsevier, vol. 154(C).
    6. Wan, Ling & Moan, Torgeir & Gao, Zhen & Shi, Wei, 2024. "A review on the technical development of combined wind and wave energy conversion systems," Energy, Elsevier, vol. 294(C).
    7. deCastro, M. & Rusu, L. & Arguilé-Pérez, B. & Ribeiro, A. & Costoya, X. & Carvalho, D. & Gómez-Gesteira, M., 2024. "Different approaches to analyze the impact of future climate change on the exploitation of wave energy," Renewable Energy, Elsevier, vol. 220(C).
    8. Clark, Caitlyn E. & Miller, Annalise & DuPont, Bryony, 2019. "An analytical cost model for co-located floating wind-wave energy arrays," Renewable Energy, Elsevier, vol. 132(C), pages 885-897.
    9. Martinez, A. & Iglesias, G., 2024. "Global wind energy resources decline under climate change," Energy, Elsevier, vol. 288(C).
    10. Costoya, X. & deCastro, M. & Carvalho, D. & Arguilé-Pérez, B. & Gómez-Gesteira, M., 2022. "Combining offshore wind and solar photovoltaic energy to stabilize energy supply under climate change scenarios: A case study on the western Iberian Peninsula," Renewable and Sustainable Energy Reviews, Elsevier, vol. 157(C).
    11. Maienza, C. & Avossa, A.M. & Ricciardelli, F. & Coiro, D. & Troise, G. & Georgakis, C.T., 2020. "A life cycle cost model for floating offshore wind farms," Applied Energy, Elsevier, vol. 266(C).
    12. Choupin, Ophelie & Henriksen, Michael & Tomlinson, Rodger, 2022. "Interrelationship between variables for wave direction-dependent WEC/site-configuration pairs using the CapEx method," Energy, Elsevier, vol. 248(C).
    13. Sofia Spyridonidou & Dimitra G. Vagiona & Eva Loukogeorgaki, 2020. "Strategic Planning of Offshore Wind Farms in Greece," Sustainability, MDPI, vol. 12(3), pages 1-20, January.
    14. 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).
    15. Dalton, Gordon & Bardócz, Tamás & Blanch, Mike & Campbell, David & Johnson, Kate & Lawrence, Gareth & Lilas, Theodore & Friis-Madsen, Erik & Neumann, Frank & Nikitas, Nikitakos & Ortega, Saul Torres &, 2019. "Feasibility of investment in Blue Growth multiple-use of space and multi-use platform projects; results of a novel assessment approach and case studies," Renewable and Sustainable Energy Reviews, Elsevier, vol. 107(C), pages 338-359.
    16. Castro-Santos, Laura & Martins, Elson & Guedes Soares, C., 2017. "Economic comparison of technological alternatives to harness offshore wind and wave energies," Energy, Elsevier, vol. 140(P1), pages 1121-1130.
    17. Javier Serrano González & Manuel Burgos Payán & Jesús Manuel Riquelme Santos & Ángel Gaspar González Rodríguez, 2021. "Optimal Micro-Siting of Weathervaning Floating Wind Turbines," Energies, MDPI, vol. 14(4), pages 1-19, February.
    18. Chen, Hao & Gao, Xin-Ya & Liu, Jian-Yu & Zhang, Qian & Yu, Shiwei & Kang, Jia-Ning & Yan, Rui & Wei, Yi-Ming, 2020. "The grid parity analysis of onshore wind power in China: A system cost perspective," Renewable Energy, Elsevier, vol. 148(C), pages 22-30.
    19. Rusu, Liliana, 2019. "Evaluation of the near future wave energy resources in the Black Sea under two climate scenarios," Renewable Energy, Elsevier, vol. 142(C), pages 137-146.
    20. Meng, Yongqing & Yan, Shuhao & Wu, Kang & Ning, Lianhui & Li, Xuan & Wang, Xiuli & Wang, Xifan, 2021. "Comparative economic analysis of low frequency AC transmission system for the integration of large offshore wind farms," Renewable Energy, Elsevier, vol. 179(C), pages 1955-1968.

    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:rensus:v:189:y:2024:i:pa:s136403212300730x. 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/wps/find/journaldescription.cws_home/600126/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.