Economic Feasibility of Floating Offshore Wind Farms Considering Near Future Wind Resources: Case Study of Iberian Coast and Bay of Biscay

• Published in: International journal of environmental research and public health Vol. 18; no. 5; p. 2553
• Main Authors: Castro-Santos, Laura, deCastro, Maite, Costoya, Xurxo, Filgueira-Vizoso, Almudena, Lamas-Galdo, Isabel, Ribeiro, Americo, Dias, João M., Gómez-Gesteira, Moncho
• Format: Journal Article
• Language: English
• Published: Switzerland MDPI AG 04.03.2021; MDPI
• Subjects: 21st century; Alternative energy sources; Bays; Climate change; Energy-Generating Resources; Farms; Feasibility Studies; Internal rate of return; Net present value; Offshore; Simulation; Wind; Wind farms; Wind power; Denmark; Iberian Peninsula; Europe; IRR; wind power density; floating offshore wind farms; NPV; LCOE; CORDEX future projections

Wind energy resources are subject to changes in climate, so the use of wind energy density projections in the near future is essential to determine the viability and profitability of wind farms at particular locations. Thus, a step forward in determining the economic assessment of floating offshore...