IDEAS home Printed from https://ideas.repec.org/a/eee/rensus/v49y2015icp1114-1135.html
   My bibliography  Save this article

Trends of offshore wind projects

Author

Listed:
  • Rodrigues, S.
  • Restrepo, C.
  • Kontos, E.
  • Teixeira Pinto, R.
  • Bauer, P.

Abstract

The aim of this paper is to present the current status of the offshore wind industry and to identify trends in Offshore Wind Projects (OWPs). This was accomplished via a thorough analysis of the key characteristics – commissioning country, installed capacity, number of turbines, water depth, project area, distance to shore, transmission technology and investment cost – of the commissioned and under construction European OWPs. Furthermore, the current status of the several countries outside of Europe was also investigated. The analysis revealed that the European offshore wind power grew on average 36.1% yearly since 2001. Currently, there are 7748MW installed and 3198MW under construction distributed among 76 OWPs situated in European waters. These projects are spread among ten countries, with the highest share of offshore projects belonging to the northern European countries. The UK has 46% of the total installed European offshore wind capacity with 26 projects, Germany ranks second with 16, while Denmark is third with 13 projects. These countries constitute 88% of the European offshore capacity. The analysis also showed that, although the installed capacity of the OWPs is growing, the projects׳ area is not increasing at the same pace due to the release of turbines with higher rated capacities which allow projects to increase their power nameplate without proportionally increasing the number of turbines. The average distance to shore and the water depth are both increasing throughout the years. Although the average investment cost per project is rising with the higher distances to shore and water depths, the multi-GW plans of the northern European and Asian countries indicate that the industry will continue to grow. The European Union targets of having 40GW of offshore wind capacity deployed by 2020 in Europe and 150GW by 2030 may represent plausible scenarios since the required growth is below the European.

Suggested Citation

  • Rodrigues, S. & Restrepo, C. & Kontos, E. & Teixeira Pinto, R. & Bauer, P., 2015. "Trends of offshore wind projects," Renewable and Sustainable Energy Reviews, Elsevier, vol. 49(C), pages 1114-1135.
    • Handle: RePEc:eee:rensus:v:49:y:2015:i:c:p:1114-1135
    DOI: 10.1016/j.rser.2015.04.092
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S1364032115003627
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.rser.2015.04.092?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. Green, Richard & Vasilakos, Nicholas, 2011. "The economics of offshore wind," Energy Policy, Elsevier, vol. 39(2), pages 496-502, February.
    2. Pimenta, Felipe & Kempton, Willett & Garvine, Richard, 2008. "Combining meteorological stations and satellite data to evaluate the offshore wind power resource of Southeastern Brazil," Renewable Energy, Elsevier, vol. 33(11), pages 2375-2387.
    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.
    4. Ya Li, 2015. "Think tank 2.0 for deliberative policy analysis," Policy Sciences, Springer;Society of Policy Sciences, vol. 48(1), pages 25-50, March.
    5. Bilgili, Mehmet & Yasar, Abdulkadir & Simsek, Erdogan, 2011. "Offshore wind power development in Europe and its comparison with onshore counterpart," Renewable and Sustainable Energy Reviews, Elsevier, vol. 15(2), pages 905-915, February.
    6. José F. Herbert-Acero & Oliver Probst & Pierre-Elouan Réthoré & Gunner Chr. Larsen & Krystel K. Castillo-Villar, 2014. "A Review of Methodological Approaches for the Design and Optimization of Wind Farms," Energies, MDPI, vol. 7(11), pages 1-87, October.
    7. Zhao, Zhen-yu & Yan, Hong & Zuo, Jian & Tian, Yu-xi & Zillante, George, 2013. "A critical review of factors affecting the wind power generation industry in China," Renewable and Sustainable Energy Reviews, Elsevier, vol. 19(C), pages 499-508.
    8. Wu, Jie & Wang, Zhi-Xin & Wang, Guo-Qiang, 2014. "The key technologies and development of offshore wind farm in China," Renewable and Sustainable Energy Reviews, Elsevier, vol. 34(C), pages 453-462.
    9. Madariaga, A. & de Alegría, I. Martínez & Martín, J.L. & Eguía, P. & Ceballos, S., 2012. "Current facts about offshore wind farms," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(5), pages 3105-3116.
    10. repec:elg:eechap:14395_16 is not listed on IDEAS
    11. Blanco, María Isabel, 2009. "The economics of wind energy," Renewable and Sustainable Energy Reviews, Elsevier, vol. 13(6-7), pages 1372-1382, August.
    12. Laih, Yih-Wenn & Lai, Hung-Neng & Li, Chun-An, 2015. "Analyst valuation and corporate value discovery," International Review of Economics & Finance, Elsevier, vol. 35(C), pages 235-248.
    13. Zhao, Zhen-Yu & Wu, Pan-Hao & Xia, Bo & Skitmore, Martin, 2014. "Development route of the wind power industry in China," Renewable and Sustainable Energy Reviews, Elsevier, vol. 34(C), pages 1-7.
    14. Jin, Xin & Zhang, Zhaolong & Shi, Xiaoqiang & Ju, Wenbin, 2014. "A review on wind power industry and corresponding insurance market in China: Current status and challenges," Renewable and Sustainable Energy Reviews, Elsevier, vol. 38(C), pages 1069-1082.
    15. Weaver, Tyson, 2012. "Financial appraisal of operational offshore wind energy projects," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(7), pages 5110-5120.
    16. Hong, Lixuan & Möller, Bernd, 2012. "Feasibility study of China’s offshore wind target by 2020," Energy, Elsevier, vol. 48(1), pages 268-277.
    17. Sun, Xiaojing & Huang, Diangui & Wu, Guoqing, 2012. "The current state of offshore wind energy technology development," Energy, Elsevier, vol. 41(1), pages 298-312.
    18. Breton, Simon-Philippe & Moe, Geir, 2009. "Status, plans and technologies for offshore wind turbines in Europe and North America," Renewable Energy, Elsevier, vol. 34(3), pages 646-654.
    19. Ochieng, E.G. & Melaine, Y. & Potts, S.J. & Zuofa, T. & Egbu, C.O. & Price, A.D.F. & Ruan, X., 2014. "Future for offshore wind energy in the United Kingdom: The way forward," Renewable and Sustainable Energy Reviews, Elsevier, vol. 39(C), pages 655-666.
    20. 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.
    21. Kaldellis, J.K. & Kapsali, M., 2013. "Shifting towards offshore wind energy—Recent activity and future development," Energy Policy, Elsevier, vol. 53(C), pages 136-148.
    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. Satir, Mert & Murphy, Fionnuala & McDonnell, Kevin, 2018. "Feasibility study of an offshore wind farm in the Aegean Sea, Turkey," Renewable and Sustainable Energy Reviews, Elsevier, vol. 81(P2), pages 2552-2562.
    2. Poulsen, Thomas & Lema, Rasmus, 2017. "Is the supply chain ready for the green transformation? The case of offshore wind logistics," Renewable and Sustainable Energy Reviews, Elsevier, vol. 73(C), pages 758-771.
    3. Brzezińska-Rawa, Anna & Goździewicz-Biechońska, Justyna, 2014. "Recent developments in the wind energy sector in Poland," Renewable and Sustainable Energy Reviews, Elsevier, vol. 38(C), pages 79-87.
    4. Zhao, Xin-gang & Ren, Ling-zhi, 2015. "Focus on the development of offshore wind power in China: Has the golden period come?," Renewable Energy, Elsevier, vol. 81(C), pages 644-657.
    5. Sun, Xiaojing & Huang, Diangui & Wu, Guoqing, 2012. "The current state of offshore wind energy technology development," Energy, Elsevier, vol. 41(1), pages 298-312.
    6. Zountouridou, E.I. & Kiokes, G.C. & Chakalis, S. & Georgilakis, P.S. & Hatziargyriou, N.D., 2015. "Offshore floating wind parks in the deep waters of Mediterranean Sea," Renewable and Sustainable Energy Reviews, Elsevier, vol. 51(C), pages 433-448.
    7. Lana V. L. Costa-Silva & Vinicio S. Almeida & Felipe M. Pimenta & Giovanna T. Segantini, 2017. "Time Span does Matter for Offshore Wind Plant Allocation with Modern Portfolio Theory," International Journal of Energy Economics and Policy, Econjournals, vol. 7(3), pages 188-193.
    8. Kaldellis, J.K. & Kapsali, M., 2013. "Shifting towards offshore wind energy—Recent activity and future development," Energy Policy, Elsevier, vol. 53(C), pages 136-148.
    9. Salo, Olli & Syri, Sanna, 2014. "What economic support is needed for Arctic offshore wind power?," Renewable and Sustainable Energy Reviews, Elsevier, vol. 31(C), pages 343-352.
    10. Fan, Xiao-chao & Wang, Wei-qing, 2016. "Spatial patterns and influencing factors of China׳s wind turbine manufacturing industry: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 54(C), pages 482-496.
    11. Prässler, Thomas & Schaechtele, Jan, 2012. "Comparison of the financial attractiveness among prospective offshore wind parks in selected European countries," Energy Policy, Elsevier, vol. 45(C), pages 86-101.
    12. Ederer, Nikolaus, 2015. "Evaluating capital and operating cost efficiency of offshore wind farms: A DEA approach," Renewable and Sustainable Energy Reviews, Elsevier, vol. 42(C), pages 1034-1046.
    13. Ladenburg, Jacob & Lutzeyer, Sanja, 2012. "The economics of visual disamenity reductions of offshore wind farms—Review and suggestions from an emerging field," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(9), pages 6793-6802.
    14. Apostolos Tsouvalas, 2020. "Underwater Noise Emission Due to Offshore Pile Installation: A Review," Energies, MDPI, vol. 13(12), pages 1-41, June.
    15. Gao, Xiaoxia & Yang, Hongxing & Lu, Lin, 2014. "Study on offshore wind power potential and wind farm optimization in Hong Kong," Applied Energy, Elsevier, vol. 130(C), pages 519-531.
    16. 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.
    17. 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).
    18. Al-Nassar, W.K. & Neelamani, S. & Al-Salem, K.A. & Al-Dashti, H.A., 2019. "Feasibility of offshore wind energy as an alternative source for the state of Kuwait," Energy, Elsevier, vol. 169(C), pages 783-796.
    19. Kitzing, Lena, 2014. "Risk implications of renewable support instruments: Comparative analysis of feed-in tariffs and premiums using a mean–variance approach," Energy, Elsevier, vol. 64(C), pages 495-505.
    20. Gallagher, Sarah & Tiron, Roxana & Whelan, Eoin & Gleeson, Emily & Dias, Frédéric & McGrath, Ray, 2016. "The nearshore wind and wave energy potential of Ireland: A high resolution assessment of availability and accessibility," Renewable Energy, Elsevier, vol. 88(C), pages 494-516.

    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:49:y:2015:i:c:p:1114-1135. 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.