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Market strategies for offshore wind in Europe: A development and diffusion perspective

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  • Dedecca, João Gorenstein
  • Hakvoort, Rudi A.
  • Ortt, J. Roland

Abstract

Offshore wind will contribute to the decarbonization of European power systems, but is currently costlier than many other generation technologies. We assess the adequacy of market strategies available to private actors developing offshore wind farms in Europe, by employing the development and diffusion pattern model. The model includes two earlier phases in addition to the large-scale deployment phase of other diffusion models: the innovation and the market adaptation phases. During its development and diffusion offshore wind moved from experimentation to a dominant design (monopile foundations and a permanent magnet generator). Simultaneously, wind farms shifted from an experimental to a commercial purpose and grew from 10 to 316MW on average. The turbine and wind farm development markets kept a high concentration throughout all phases. Also, the wind farm life cycle and supply chain became more integrated and drew less from the onshore wind and oil & gas sectors.

Suggested Citation

  • Dedecca, João Gorenstein & Hakvoort, Rudi A. & Ortt, J. Roland, 2016. "Market strategies for offshore wind in Europe: A development and diffusion perspective," Renewable and Sustainable Energy Reviews, Elsevier, vol. 66(C), pages 286-296.
    • Handle: RePEc:eee:rensus:v:66:y:2016:i:c:p:286-296
    DOI: 10.1016/j.rser.2016.08.007
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    Cited by:

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    2. Chung, Chongwook & Lee, Jungwoo & Yang, Jae-Suk, 2022. "National offshore wind strategy for late-mover countries," Renewable Energy, Elsevier, vol. 192(C), pages 472-484.
    3. Paweł Ziemba, 2021. "Multi-Criteria Fuzzy Evaluation of the Planned Offshore Wind Farm Investments in Poland," Energies, MDPI, vol. 14(4), pages 1-19, February.
    4. Valentin Bertsch & Valeria Di Cosmo, 2018. "Are Renewables Profitable in 2030? A Comparison between Wind and Solar across Europe," Working Papers 2018.28, Fondazione Eni Enrico Mattei.
    5. van der Loos, Adriaan & Langeveld, Rowan & Hekkert, Marko & Negro, Simona & Truffer, Bernhard, 2022. "Developing local industries and global value chains: The case of offshore wind," Technological Forecasting and Social Change, Elsevier, vol. 174(C).
    6. Johnston, Barry & Foley, Aoife & Doran, John & Littler, Timothy, 2020. "Levelised cost of energy, A challenge for offshore wind," Renewable Energy, Elsevier, vol. 160(C), pages 876-885.
    7. J Charles Rajesh Kumar & D Vinod Kumar & D Baskar & B Mary Arunsi & R Jenova & MA Majid, 2021. "Offshore wind energy status, challenges, opportunities, environmental impacts, occupational health, and safety management in India," Energy & Environment, , vol. 32(4), pages 565-603, June.
    8. Ziemba, Paweł, 2022. "Uncertain Multi-Criteria analysis of offshore wind farms projects investments – Case study of the Polish Economic Zone of the Baltic Sea," Applied Energy, Elsevier, vol. 309(C).
    9. Wen-Ko Hsu & Chung-Kee Yeh, 2021. "Offshore Wind Potential of West Central Taiwan: A Case Study," Energies, MDPI, vol. 14(12), pages 1-20, June.
    10. Bertsch, Valentin & Di Cosmo, Valeria, 2020. "Are renewables profitable in 2030 and do they reduce carbon emissions effectively? A comparison across Europe," MPRA Paper 101822, University Library of Munich, Germany.
    11. He, Yaoyao & Zhu, Chuang & An, Xueli, 2023. "A trend-based method for the prediction of offshore wind power ramp," Renewable Energy, Elsevier, vol. 209(C), pages 248-261.

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