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Heterogeneity in willingness to pay for the location of offshore wind power development: An application of the willingness to pay space model

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  • Ladenburg, Jacob
  • Skotte, Maria

Abstract

Preferences for developing 3600 MW offshore wind farms in Denmark are estimated based on data from a choice experiment. The variation in willingness to pay for the location of offshore wind power development at 8, 12, 18, or 50 km from shore is analysed as a function of gender, age, education, income, wind turbine viewshed, and beach visits. With a willingness to pay space mixlogit model, we find that willingness to pay varies significantly as a function of the age, income level, viewshed to offshore wind farms, and beach visit frequency of the respondents.

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  • Ladenburg, Jacob & Skotte, Maria, 2022. "Heterogeneity in willingness to pay for the location of offshore wind power development: An application of the willingness to pay space model," Energy, Elsevier, vol. 241(C).
    • Handle: RePEc:eee:energy:v:241:y:2022:i:c:s0360544221031492
    DOI: 10.1016/j.energy.2021.122900
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