2011
DOI: 10.1016/j.enpol.2010.10.011
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The economics of offshore wind

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Cited by 151 publications
(73 citation statements)
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“…The average capital expenditure (Capex) for offshore wind in 2009 was €2.3m/MW [15]. From [15] we can also see that for Horns Rev and Nysted offshore wind farms the infield and transmission systems represent ~21% of the total Capex.…”
Section: World Renewable Energy Congress 2011 -Swedenmentioning
confidence: 85%
See 1 more Smart Citation
“…The average capital expenditure (Capex) for offshore wind in 2009 was €2.3m/MW [15]. From [15] we can also see that for Horns Rev and Nysted offshore wind farms the infield and transmission systems represent ~21% of the total Capex.…”
Section: World Renewable Energy Congress 2011 -Swedenmentioning
confidence: 85%
“…From [15] we can also see that for Horns Rev and Nysted offshore wind farms the infield and transmission systems represent ~21% of the total Capex. The electrical system is a significant proportion of the overall investment in a wind farm and, assuming that capacity factors and costs per MW for WECs approach those achieved by offshore wind, then it is expected that the same will hold true for wave energy.…”
Section: World Renewable Energy Congress 2011 -Swedenmentioning
confidence: 95%
“…The electrical infrastructure may form a considerable portion of the project cost, e.g., it is estimated to account for up to 25 % of offshore wind farm capital cost [107], and standardised electrical infrastructure is one of the key drivers in commercialising MRE arrays. As such, understanding the main electrical components, their current capabilities and how they can be deployed in MRE arrays is crucial as the industry aims to progress from single-device demonstration projects to array-scale developments.…”
Section: Discussionmentioning
confidence: 99%
“…In the end, the choice of power transfer type will be a compromise between capital expenditures (CapEx), operational expenditures (OpEx) and transmission efficiency. Experience from offshore wind farms shows that the CapEx may be in the range of 20-25% of the total farm investments [6]. Various cost factors for grid connection of wave power are discussed in [7].…”
Section: Introductionmentioning
confidence: 99%