Skip to main content

Life-Cycle Cost of a Floating Offshore Wind Farm

  • Chapter
  • First Online:
Book cover Floating Offshore Wind Farms

Part of the book series: Green Energy and Technology ((GREEN))

Abstract

This chapter describes a general methodology in order to calculate the costs of a floating offshore wind farm. It is based on the analysis of its life-cycle cost system (LCS). In this sense, several phases have been defined: conception and definition, design and development, manufacturing, installation, exploitation and dismantling. The calculation of costs of each of these steps gives the total cost of a floating offshore wind farm. The method proposed has been applied to the particular case of the Galician coast, where a floating offshore wind farm could be installed due to the great offshore wind potential and the depth of its waters. Results indicate that the most important cost in the life cycle of a floating offshore wind farm is the manufacturing cost. It is due to the fact that the floating offshore wind platforms and the offshore wind turbines have a high cost. The methodology proposed can be used by investors in the future to know the real costs of a floating offshore wind farm.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 139.00
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 179.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD 179.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

References

  1. European Committee for Electrotechnical Standardization (2009) IEC 60300-3-3:2004. Dependability management. Part 3-3: Application guide. Life cycle costing, pp 1–70

    Google Scholar 

  2. Fabrycky WJ, Blanchard BS (1991) Life-cycle cost and economic analysis. Prentice Hall, Englewood Cliffs, NJ

    Google Scholar 

  3. Castro-Santos L, Ferreño González S, Martínez López A, Diaz-Casas V (2012) Design parameters independent on the type of platform in floating offshore wind farms. Renew Energy Power Qual J 10:1–5

    Google Scholar 

  4. Castro-Santos L, Prado G, Diaz-Casas V (2013) Methodology to study the life cycle cost of floating offshore wind farms. In: 10th deep sea wind R&D conference, pp 179–186

    Google Scholar 

  5. Castro-Santos L, Ferreño González S, Martínez López A, Diaz-Casas V, Ferreño Gonzalez S (2012) Design parameters independent on the type of platform in floating offshore wind farms. In: International conference on renewable energies and power quality (ICREP’12), 2012, vol 10, no 10, pp 1–5

    Google Scholar 

  6. Barringer H (2003) A life cycle cost summary. In: International conference of maintenance societies, pp 1–10

    Google Scholar 

  7. Levitt AC, Kempton W, Smith AP, Musial W, Firestone J (2011) Pricing offshore wind power. Energy Policy 39(10):6408–6421

    Article  Google Scholar 

  8. Tong K (1998) Technical and economic aspects of a floating offshore wind farm. J Wind Eng Ind 76:1–12

    Google Scholar 

  9. Castro-Santos L, Diaz-Casas V (2014) Life-cycle cost analysis of floating offshore wind farms. Renew Energy 66:41–48

    Article  Google Scholar 

  10. Hunt GL (2009) Maine offshore wind energy. Wind resources, technologies and energy production, Maine

    Google Scholar 

  11. Cerda Salzmann DJ (2004) Ampelmann, development of the access system for offshore wind turbines, TU Delft University

    Google Scholar 

  12. Alari V, Raudsepp U (2012) Simulation of wave damping near coast due to offshore wind farms. J. Coast. Res. 28(1):143–148

    Article  Google Scholar 

  13. Meteogalicia (2012) Web page Meteogalicia. Available: http://www.meteogalicia.es/web/modelos/threddsIndex.action;jsessionid=C4F6BE330867A49CE2F974EF76902CE5.EUME-01B

  14. ECN, MARIN, L (2002) The Windmaster, TNO, TUD, and MSC, Study to feasibility of boundary conditions for floating offshore wind turbines, Delft

    Google Scholar 

Download references

Author information

Authors and Affiliations

Authors

Corresponding author

Correspondence to Laura Castro-Santos .

Editor information

Editors and Affiliations

Rights and permissions

Reprints and permissions

Copyright information

© 2016 Springer International Publishing Switzerland

About this chapter

Cite this chapter

Castro-Santos, L. (2016). Life-Cycle Cost of a Floating Offshore Wind Farm. In: Castro-Santos, L., Diaz-Casas, V. (eds) Floating Offshore Wind Farms. Green Energy and Technology. Springer, Cham. https://doi.org/10.1007/978-3-319-27972-5_2

Download citation

  • DOI: https://doi.org/10.1007/978-3-319-27972-5_2

  • Published:

  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-319-27970-1

  • Online ISBN: 978-3-319-27972-5

  • eBook Packages: EnergyEnergy (R0)

Publish with us

Policies and ethics