IDEAS home Printed from https://ideas.repec.org/a/gam/jeners/v13y2020i22p6150-d449791.html
   My bibliography  Save this article

Floating Offshore Renewable Energy Farms. A Life-Cycle Cost Analysis at Brindisi, Italy

Author

Listed:
  • Daniela Pantusa

    (Department of Environmental Engineering, University of Calabria, Street P. Bucci, cube 42b, I-87036 Rende, Italy)

  • Antonio Francone

    (Department of Civil, Environmental, Land, Construction and Chemistry Engineering, Polytechnic of Bari, 4 Edoardo Orabona Street, I-70125 Bari, Italy)

  • Giuseppe Roberto Tomasicchio

    (Engineering Department, University of Salento, Street for Monteroni, I-73100 Lecce, Italy)

Abstract

The present paper deals with the Life-Cycle Cost (LCC) of an offshore renewable energy farm that is currently a topic of interest for operators and investors. The LCC analysis refers to the Cost Breakdown Structure (CBS) considering all the phases of life span, and it has been carried out for floating offshore wind farms (FOWFs) and hybrid wind-wave farms (HWWFs). For HWWFs, this paper proposes a hybrid wind-wave energy system (HWWES), which provides the coupling of wave energy converter (WEC) with Tension Leg Platform (TLP) or Spar Buoy platform (SB). The LCC analysis has been carried out considering: (i) FOWF consisting of TLP floating platforms; (ii) FOWF consisting of a SB floating platforms; (iii) HWWF realized with the conceived hybrid system coupling the WEC with the TLP platform; (iv) HWWF realized with the conceived hybrid system coupling the WEC with SB platform. In addition to the LCC evaluation, the Levelized Cost of Energy (LCOE) analysis has also been carried out. The site chosen for the study is off the port of Brindisi, southern Italy. This work’s interest lies in having performed a LCC analysis for FOWF and HWWF in the Mediterranean that is an area of growing interest for offshore renewable energy, and obtained results have allowed making assessments on costs for offshore energy farms.

Suggested Citation

  • Daniela Pantusa & Antonio Francone & Giuseppe Roberto Tomasicchio, 2020. "Floating Offshore Renewable Energy Farms. A Life-Cycle Cost Analysis at Brindisi, Italy," Energies, MDPI, vol. 13(22), pages 1-22, November.
    • Handle: RePEc:gam:jeners:v:13:y:2020:i:22:p:6150-:d:449791
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/1996-1073/13/22/6150/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/1996-1073/13/22/6150/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Liu, Yichao & Li, Sunwei & Yi, Qian & Chen, Daoyi, 2016. "Developments in semi-submersible floating foundations supporting wind turbines: A comprehensive review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 60(C), pages 433-449.
    2. Laura Castro-Santos & Elson Martins & C. Guedes Soares, 2016. "Methodology to Calculate the Costs of a Floating Offshore Renewable Energy Farm," Energies, MDPI, vol. 9(5), pages 1-27, April.
    3. 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.
    4. López, Iraide & Andreu, Jon & Ceballos, Salvador & Martínez de Alegría, Iñigo & Kortabarria, Iñigo, 2013. "Review of wave energy technologies and the necessary power-equipment," Renewable and Sustainable Energy Reviews, Elsevier, vol. 27(C), pages 413-434.
    5. Unknown, 2016. "Energy for Sustainable Development," Conference Proceedings 253270, Guru Arjan Dev Institute of Development Studies (IDSAsr).
    6. Tomasicchio, Giuseppe Roberto & D'Alessandro, Felice & Avossa, Alberto Maria & Riefolo, Luigia & Musci, Elena & Ricciardelli, Francesco & Vicinanza, Diego, 2018. "Experimental modelling of the dynamic behaviour of a spar buoy wind turbine," Renewable Energy, Elsevier, vol. 127(C), pages 412-432.
    7. Carlos Perez-Collazo & Deborah Greaves & Gregorio Iglesias, 2018. "A Novel Hybrid Wind-Wave Energy Converter for Jacket-Frame Substructures," Energies, MDPI, vol. 11(3), pages 1-20, March.
    8. Balog, Irena & Ruti, Paolo M. & Tobin, Isabelle & Armenio, Vincenzo & Vautard, Robert, 2016. "A numerical approach for planning offshore wind farms from regional to local scales over the Mediterranean," Renewable Energy, Elsevier, vol. 85(C), pages 395-405.
    9. Laura Castro-Santos & Dina Silva & A. Rute Bento & Nadia Salvação & C. Guedes Soares, 2018. "Economic Feasibility of Wave Energy Farms in Portugal," Energies, MDPI, vol. 11(11), pages 1-16, November.
    10. Hyebin Lee & Sunny Kumar Poguluri & Yoon Hyeok Bae, 2018. "Performance Analysis of Multiple Wave Energy Converters Placed on a Floating Platform in the Frequency Domain," Energies, MDPI, vol. 11(2), pages 1-14, February.
    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. Foteinis, Spyros, 2022. "Wave energy converters in low energy seas: Current state and opportunities," Renewable and Sustainable Energy Reviews, Elsevier, vol. 162(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. Laura Castro-Santos & Almudena Filgueira-Vizoso & Carlos Álvarez-Feal & Luis Carral, 2018. "Influence of Size on the Economic Feasibility of Floating Offshore Wind Farms," Sustainability, MDPI, vol. 10(12), pages 1-13, November.
    2. McMorland, J. & Collu, M. & McMillan, D. & Carroll, J., 2022. "Operation and maintenance for floating wind turbines: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 163(C).
    3. 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.
    4. 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.
    5. 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.
    6. 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.
    7. 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.
    8. Américo S. Ribeiro & Maite deCastro & Liliana Rusu & Mariana Bernardino & João M. Dias & Moncho Gomez-Gesteira, 2020. "Evaluating the Future Efficiency of Wave Energy Converters along the NW Coast of the Iberian Peninsula," Energies, MDPI, vol. 13(14), pages 1-15, July.
    9. 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).
    10. Francisco Haces-Fernandez & Hua Li & David Ramirez, 2018. "Assessment of the Potential of Energy Extracted from Waves and Wind to Supply Offshore Oil Platforms Operating in the Gulf of Mexico," Energies, MDPI, vol. 11(5), pages 1-25, April.
    11. Yang, Yang & Fu, Jianbin & Shi, Zhaobin & Ma, Lu & Yu, Jie & Fang, Fang & Chen, Shunhua & Lin, Zaibin & Li, Chun, 2023. "Performance and fatigue analysis of an integrated floating wind-current energy system considering the aero-hydro-servo-elastic coupling effects," Renewable Energy, Elsevier, vol. 216(C).
    12. Laura Castro-Santos & Almudena Filgueira-Vizoso, 2019. "A Software for Calculating the Economic Aspects of Floating Offshore Renewable Energies," IJERPH, MDPI, vol. 17(1), pages 1-19, December.
    13. Rusu, Eugen & Onea, Florin, 2019. "A parallel evaluation of the wind and wave energy resources along the Latin American and European coastal environments," Renewable Energy, Elsevier, vol. 143(C), pages 1594-1607.
    14. Srikanth Bashetty & Selahattin Ozcelik, 2021. "Review on Dynamics of Offshore Floating Wind Turbine Platforms," Energies, MDPI, vol. 14(19), pages 1-30, September.
    15. Kamarlouei, M. & Gaspar, J.F. & Calvario, M. & Hallak, T.S. & Mendes, M.J.G.C. & Thiebaut, F. & Guedes Soares, C., 2022. "Experimental study of wave energy converter arrays adapted to a semi-submersible wind platform," Renewable Energy, Elsevier, vol. 188(C), pages 145-163.
    16. Ferrari, Francesco & Besio, Giovanni & Cassola, Federico & Mazzino, Andrea, 2020. "Optimized wind and wave energy resource assessment and offshore exploitability in the Mediterranean Sea," Energy, Elsevier, vol. 190(C).
    17. Laura Castro-Santos & Ana Rute Bento & Carlos Guedes Soares, 2020. "The Economic Feasibility of Floating Offshore Wave Energy Farms in the North of Spain," Energies, MDPI, vol. 13(4), pages 1-19, February.
    18. Xiaobin Qu & Yingxue Yao & Jianjun Du, 2021. "Conceptual Design and Hydrodynamic Performance of a Modular Hybrid Floating Foundation," Energies, MDPI, vol. 14(22), pages 1-17, November.
    19. Wang, L. & Kolios, A. & Liu, X. & Venetsanos, D. & Rui, C., 2022. "Reliability of offshore wind turbine support structures: A state-of-the-art review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 161(C).
    20. 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).

    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:gam:jeners:v:13:y:2020:i:22:p:6150-:d:449791. 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: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    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.