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Operation, Maintenance, and Decommissioning Cost in Life-Cycle Cost Analysis of Floating Wind Turbines

Author

Listed:
  • Nurullah Yildiz

    (School of Engineering, Civil Engineering Department, University of Birmingham, Edgbaston, Birmingham B15 2TT, UK)

  • Hassan Hemida

    (School of Engineering, Civil Engineering Department, University of Birmingham, Edgbaston, Birmingham B15 2TT, UK)

  • Charalampos Baniotopoulos

    (School of Engineering, Civil Engineering Department, University of Birmingham, Edgbaston, Birmingham B15 2TT, UK)

Abstract

Offshore wind farms are great options for addressing the world’s energy and climate change challenges, as well as meeting rising energy demand while taking environmental and economic impacts into account. Floating wind turbines, in specific, depict the next horizon in the sustainable renewable energy industry. In this study, a life-cycle cost analysis for floating offshore wind turbines is developed by combining the most recent data and parametric formulas from databases and relevant papers. The cost analysis models focused on cost minimization with special emphasis on Operation and Maintenance Cost (OPEX), Decommissioning Cost (DECOM), and Levelized Cost of Energy (LCOE), which are important factors in wind power economy. Given that floating wind energy is still developing, the presented scenarios should be beneficial in making future decisions. The cost analysis scenarios include on-site and off-site maintenance scenarios for OPEX. In addition, four alternative scenarios for DECOM have been examined: mechanical recycling, mechanical-incineration, incineration processes, and landfill. According to the findings of these scenarios, OPEX varies from 16.89 to 19.93 £/MWh and DECOM between 3.47 and 3.65 £/MWh, whilst the total LCOE varied from 50.67 to 66.73 £/MWh.

Suggested Citation

  • Nurullah Yildiz & Hassan Hemida & Charalampos Baniotopoulos, 2024. "Operation, Maintenance, and Decommissioning Cost in Life-Cycle Cost Analysis of Floating Wind Turbines," Energies, MDPI, vol. 17(6), pages 1-18, March.
    • Handle: RePEc:gam:jeners:v:17:y:2024:i:6:p:1332-:d:1354530
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    References listed on IDEAS

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    1. Hdidouan, Daniel & Staffell, Iain, 2017. "The impact of climate change on the levelised cost of wind energy," Renewable Energy, Elsevier, vol. 101(C), pages 575-592.
    2. Myhr, Anders & Bjerkseter, Catho & Ågotnes, Anders & Nygaard, Tor A., 2014. "Levelised cost of energy for offshore floating wind turbines in a life cycle perspective," Renewable Energy, Elsevier, vol. 66(C), pages 714-728.
    3. Eugenio Baita-Saavedra & David Cordal-Iglesias & Almudena Filgueira-Vizoso & Laura Castro-Santos, 2019. "Economic Aspects of a Concrete Floating Offshore Wind Platform in the Atlantic Arc of Europe," IJERPH, MDPI, vol. 16(21), pages 1-15, October.
    4. Maienza, C. & Avossa, A.M. & Ricciardelli, F. & Coiro, D. & Troise, G. & Georgakis, C.T., 2020. "A life cycle cost model for floating offshore wind farms," Applied Energy, Elsevier, vol. 266(C).
    5. Erkka Rinne & Hannele Holttinen & Juha Kiviluoma & Simo Rissanen, 2018. "Effects of turbine technology and land use on wind power resource potential," Nature Energy, Nature, vol. 3(6), pages 494-500, June.
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