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Techno-Economic Modeling of Floating Wind Farms

Author

Listed:
  • Ariadna Montes

    (Copenhagen Energy, Bag Elefanterne 1, 1799 Copenhagen, Denmark)

  • David Fournely

    (Copenhagen Energy, Bag Elefanterne 1, 1799 Copenhagen, Denmark)

  • Jens N. Sørensen

    (DTU Wind and Energy Systems, Technical University of Denmark, Nils Koppels Allé, bldg. 403, 2800 Lyngby, Denmark)

  • Gunner C. Larsen

    (DTU Wind and Energy Systems, Technical University of Denmark, Risø Campus, Frederiksborgvej 399, bldg. 114, 4000 Roskilde, Denmark)

Abstract

A simple techno-economic model for determining wind power production and costs related to the development of floating offshore wind power is proposed. The model is a further extension of the minimalistic prediction model for fixed-bottom wind farms previously developed by two of the authors. In the extended version, costs associated with the deployment of floating structures, such as floaters, mooring lines, and anchors, including additional installation and operational expenses, are taken into account. This paper gives an overview of the costs of the various components of different types of floating wind power installations, and using actual wind climate and bathymetry data for the North Sea, the model is employed to map the annual energy production and levelized cost of energy (LCoE) for floating wind farms located in the North Sea.

Suggested Citation

  • Ariadna Montes & David Fournely & Jens N. Sørensen & Gunner C. Larsen, 2025. "Techno-Economic Modeling of Floating Wind Farms," Energies, MDPI, vol. 18(4), pages 1-27, February.
    • Handle: RePEc:gam:jeners:v:18:y:2025:i:4:p:967-:d:1593269
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    References listed on IDEAS

    as
    1. 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).
    2. 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).
    3. 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).
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