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Economics of Offshore Wind Energy

A special issue of Energies (ISSN 1996-1073). This special issue belongs to the section "A3: Wind, Wave and Tidal Energy".

Deadline for manuscript submissions: closed (28 January 2022) | Viewed by 6123

Special Issue Editors


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Guest Editor
Head of Section for Society, Markets and Policy, Department of Wind Energy, Technical University of Denmark, Frederiksborgvej 399, 4000 Roskilde, Denmark
Interests: energy policy; energy economics; energy management; market design; economics of offshore wind; innovative renewable support policies

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Guest Editor
Department of Energy Economics, Brandenburg University of Technology, 03013 Cottbus, Germany
Interests: energy economics; market design; trading; risk management; long-term investment; integration of renewable energy sources and price signals

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Guest Editor
European Commission, Joint Research Centre, P.O. Box 2, 1755 ZG Petten, The Netherlands
Interests: energy policy, renewable energy; future emerging technologies; value chain analysis; energy system analysis; competitiveness

Special Issue Information

Dear colleagues,

Recent years have seen a rapid growth of offshore wind energy and a considerable development in cost reductions, performance increases, and value creation options. Supply chains have further developed, new markets have arisen, and the industry is preparing for a massive ramp-up.

Research shows that offshore wind is becoming competitive relative to other generation options and can play an important role in future energy systems. This means that offshore wind energy will in the future have a considerable impact on the overall system cost, the value of electricity in a market, and the development of value chains in new markets/sea basins. The economics of offshore wind will be formed by system characteristics, and system characteristics will be formed by offshore wind energy.

We invite papers from all geographical backgrounds/origins that investigate the economics of offshore wind energy and analyze the implications of this new reality. We invite papers that employ quantitative, qualitative, or mixed-method analysis in empirical data analysis, modeling, case studies, and conceptual development. Studies with policy relevance will be highly valued as well.

Topics relevant for the Special Issue are:

  • Global offshore wind markets, future market expectations, and trends;
  • Data and analysis of offshore wind energy cost trends and drivers (past and future);
  • Value of offshore wind energy, on markets and in systems;
  • Cost and value comparisons among countries;
  • Financing and risk analysis of offshore wind;
  • Future offshore wind business models, including hybrids and multiproduct facilities (PtX);
  • Economics of offshore grid development/expansion;
  • Socioeconomic assessments/models;
  • Support mechanisms for offshore wind;
  • International collaboration and coordination to enhance the economics of offshore wind energy.

Dr. Lena Kitzing
Prof. Dr. Felix Müsgens
Dr. Thomas Telsnig
Guest Editors

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Energies is an international peer-reviewed open access semimonthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 2600 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

  • Levelized cost of energy
  • Cost modeling
  • Value optimization
  • System innovation
  • Market analysis

Published Papers (2 papers)

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Research

24 pages, 1499 KiB  
Article
Analyzing Europe’s Biggest Offshore Wind Farms: A Data Set with 40 Years of Hourly Wind Speeds and Electricity Production
by Oliver Grothe, Fabian Kächele and Mira Watermeyer
Energies 2022, 15(5), 1700; https://0-doi-org.brum.beds.ac.uk/10.3390/en15051700 - 24 Feb 2022
Cited by 5 | Viewed by 3453
Abstract
We provide an open, available, and ready-to-use data set covering 40 years of hourly wind speeds and synthetic hourly production signals for the 29 biggest offshore wind farms in Europe. It enables researchers and industry experts to include realistic offshore time series into [...] Read more.
We provide an open, available, and ready-to-use data set covering 40 years of hourly wind speeds and synthetic hourly production signals for the 29 biggest offshore wind farms in Europe. It enables researchers and industry experts to include realistic offshore time series into their analyses. In particular, we provide data from 1980 to 2019 for wind farms already in operation and those that will be in operation by 2024. We document in detail how the data set was generated from publicly available sources and provide manually collected details on the wind farms, such as the turbine power curves. Correspondingly, the users can easily keep the data set up to date and add further wind farm locations as needed. We give a descriptive analysis of the data and its correlation structure and find a relatively high volatility and intermittency for single locations, with balancing effects across wind farms. Full article
(This article belongs to the Special Issue Economics of Offshore Wind Energy)
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21 pages, 1264 KiB  
Article
The Value of Sector Coupling for the Development of Offshore Power Grids
by Juan Gea-Bermúdez, Lena Kitzing, Matti Koivisto, Kaushik Das, Juan Pablo Murcia León and Poul Sørensen
Energies 2022, 15(3), 747; https://0-doi-org.brum.beds.ac.uk/10.3390/en15030747 - 20 Jan 2022
Cited by 6 | Viewed by 2024
Abstract
Offshore grids can play key roles in the transition of energy systems toward sustainability. Although they require extensive infrastructure investments, they allow for the exploitation of additional resources and may be important in providing for part of the increasing electricity demands driven by [...] Read more.
Offshore grids can play key roles in the transition of energy systems toward sustainability. Although they require extensive infrastructure investments, they allow for the exploitation of additional resources and may be important in providing for part of the increasing electricity demands driven by sector coupling. This paper quantifies the socioeconomic value of offshore grids and identifies their major drivers, performing energy system optimization in a model application of the northern–central European energy system and the North Sea offshore grid towards 2050. The increasing wake loss with the sizes of hub-connected wind farms is integrated in the modeling. We find that without sector coupling no offshore grid may develop, and that the higher the level of sector coupling, the higher the value of offshore grids. Therefore, it can be strongly stated that offshore grid infrastructure development should not be discussed as a separate political topic, but seen in connection to sector coupling. Full article
(This article belongs to the Special Issue Economics of Offshore Wind Energy)
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