Cash flow at risk of offshore wind plants

Vaienti, Claudio; Ιωάννου, Αναστασία

doi:10.1109/iccep.2017.8004797

Cited by 3 publications

(1 citation statement)

References 32 publications

(30 reference statements)

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“…There are high expectations that offshore wind energy can significantly contribute to renewable energy generation [117]. The offshore wind energy industry is considered recent and is still in the learning-curve stage [118] and, in addition, offshore wind energy plants have a large number of uncertainties related to their technical and financial analysis [119]. Thus, there is a significant risk between the planned costs and the costs incurred for an operation and maintenance (O and M) of an offshore wind farm, as it is complex to identify the parameters over the useful life of the structure [120].…”

Section: (Ii) Riskmentioning

confidence: 99%

Main Trends and Criteria Adopted in Economic Feasibility Studies of Offshore Wind Energy: A Systematic Literature Review

et al. 2021

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Offshore wind energy has been identified as one of the most promising and increasingly attractive sources of energy. This technology offers a long-term power-generation source, less environmental impact, and fewer physical restrictions. However, given the complexity of this technology, economic feasibility studies are essential. Thus, this study aims to identify the main trends and criteria or the methods used in the economic feasibility studies of offshore wind energy, providing a review of the state of the art in this literature. For this, a Systematic Literature Review was carried out. The article shows the growing interest in offshore wind power generation and highlights how recently the interest in the studies that assess the technical–economic feasibility of this source has grown; it presents the main milestones of the topic. Based on a structured literature review, this article identifies the main trends in this topic: (i) wind farms, (ii) risk, (iii) floating offshore wind farms, (iv) decommissioning and repowering, (v) net present value, (vi) life cycle cost, and (vii) multi-criteria decision-making; it provides a broad view of the methodological possibilities and specificities for investors and researchers interested in conducting studies on the economic feasibility of offshore wind generation. In addition, finally, a research agenda is proposed.

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Section: (Ii) Riskmentioning

confidence: 99%