An Economic Analysis of An Innovative Floating Offshore Wind Platform Built with Concrete: The SATH<sup>®</sup> Platform
The goal of this work is to carry out an economic analysis of a novel floating offshore wind structure, of which the main material is concrete: the SATH<sup>®</sup> platform. It takes a step forward in floating marine wind energy research, in which traditional platforms are mainly compos...
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| Format: | Article |
| Language: | English |
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MDPI AG
2020-05-01
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| Series: | Applied Sciences |
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| Online Access: | https://www.mdpi.com/2076-3417/10/11/3678 |
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| author | Eugenio Baita-Saavedra David Cordal-Iglesias Almudena Filgueira-Vizoso Àlex Morató Isabel Lamas-Galdo Carlos Álvarez-Feal Luis Carral Laura Castro-Santos |
| author_facet | Eugenio Baita-Saavedra David Cordal-Iglesias Almudena Filgueira-Vizoso Àlex Morató Isabel Lamas-Galdo Carlos Álvarez-Feal Luis Carral Laura Castro-Santos |
| author_sort | Eugenio Baita-Saavedra |
| collection | DOAJ |
| description | The goal of this work is to carry out an economic analysis of a novel floating offshore wind structure, of which the main material is concrete: the SATH<sup>®</sup> platform. It takes a step forward in floating marine wind energy research, in which traditional platforms are mainly composed of steel. The technique to calculate the costs of the platform and the economic parameters to decide if the farm is economically feasible are explained in the paper. This case study analyzes a possible farm of 500 MW located in Portugal and several scenarios considering different electric tariffs and capital costs (Scenario 1: electric tariff of 50 €/MWh and 6% of capital cost; Scenario 2: electric tariff of 50 €/MWh and 8% of capital cost; Scenario 3: electric tariff of 150 €/MWh and 6% of capital cost; Scenario 4: electric tariff of 150 €/MWh and 8% of capital cost). Results show the economic feasibility of a farm with the characteristics of Scenarios 3 and 4. This work is significant in order to provide a new approach to analyzing traditional floating offshore wind structures, which can represent a path towards the future of floating offshore renewable energy technologies. |
| first_indexed | 2024-03-10T19:35:36Z |
| format | Article |
| id | doaj.art-55d8ce6afb51483897044bae69b8e4bf |
| institution | Directory Open Access Journal |
| issn | 2076-3417 |
| language | English |
| last_indexed | 2024-03-10T19:35:36Z |
| publishDate | 2020-05-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Applied Sciences |
| spelling | doaj.art-55d8ce6afb51483897044bae69b8e4bf2023-11-20T01:46:21ZengMDPI AGApplied Sciences2076-34172020-05-011011367810.3390/app10113678An Economic Analysis of An Innovative Floating Offshore Wind Platform Built with Concrete: The SATH<sup>®</sup> PlatformEugenio Baita-Saavedra0David Cordal-Iglesias1Almudena Filgueira-Vizoso2Àlex Morató3Isabel Lamas-Galdo4Carlos Álvarez-Feal5Luis Carral6Laura Castro-Santos7Escola Politécnica Superior, Universidade da Coruña, Esteiro, 15471 Ferrol, SpainEscola Politécnica Superior, Universidade da Coruña, Esteiro, 15471 Ferrol, SpainDepartamento de Química, Universidade da Coruña, Escola Politécnica Superior, Esteiro, 15471 Ferrol, SpainSaitec Offshore Technologies, Business Park Ibarrabarri, A-2 Building, Leioa, 48940 Bilbao, SpainDepartamento de Ciencias da Navegación e Enxeñaría Mariña, Universidade da Coruña, Escola Politécnica Superior, Esteiro, 15471 Ferrol, SpainDepartamento de Enxeñaría Naval e Industrial, Universidade da Coruña, Escola Politécnica Superior, Esteiro, 15471 Ferrol, SpainDepartamento de Enxeñaría Naval e Industrial, Universidade da Coruña, Escola Politécnica Superior, Esteiro, 15471 Ferrol, SpainDepartamento de Enxeñaría Naval e Industrial, Universidade da Coruña, Escola Politécnica Superior, Esteiro, 15471 Ferrol, SpainThe goal of this work is to carry out an economic analysis of a novel floating offshore wind structure, of which the main material is concrete: the SATH<sup>®</sup> platform. It takes a step forward in floating marine wind energy research, in which traditional platforms are mainly composed of steel. The technique to calculate the costs of the platform and the economic parameters to decide if the farm is economically feasible are explained in the paper. This case study analyzes a possible farm of 500 MW located in Portugal and several scenarios considering different electric tariffs and capital costs (Scenario 1: electric tariff of 50 €/MWh and 6% of capital cost; Scenario 2: electric tariff of 50 €/MWh and 8% of capital cost; Scenario 3: electric tariff of 150 €/MWh and 6% of capital cost; Scenario 4: electric tariff of 150 €/MWh and 8% of capital cost). Results show the economic feasibility of a farm with the characteristics of Scenarios 3 and 4. This work is significant in order to provide a new approach to analyzing traditional floating offshore wind structures, which can represent a path towards the future of floating offshore renewable energy technologies.https://www.mdpi.com/2076-3417/10/11/3678IRRSATHconcretefloating offshore windLCOEocean renewable energy |
| spellingShingle | Eugenio Baita-Saavedra David Cordal-Iglesias Almudena Filgueira-Vizoso Àlex Morató Isabel Lamas-Galdo Carlos Álvarez-Feal Luis Carral Laura Castro-Santos An Economic Analysis of An Innovative Floating Offshore Wind Platform Built with Concrete: The SATH<sup>®</sup> Platform Applied Sciences IRR SATH concrete floating offshore wind LCOE ocean renewable energy |
| title | An Economic Analysis of An Innovative Floating Offshore Wind Platform Built with Concrete: The SATH<sup>®</sup> Platform |
| title_full | An Economic Analysis of An Innovative Floating Offshore Wind Platform Built with Concrete: The SATH<sup>®</sup> Platform |
| title_fullStr | An Economic Analysis of An Innovative Floating Offshore Wind Platform Built with Concrete: The SATH<sup>®</sup> Platform |
| title_full_unstemmed | An Economic Analysis of An Innovative Floating Offshore Wind Platform Built with Concrete: The SATH<sup>®</sup> Platform |
| title_short | An Economic Analysis of An Innovative Floating Offshore Wind Platform Built with Concrete: The SATH<sup>®</sup> Platform |
| title_sort | economic analysis of an innovative floating offshore wind platform built with concrete the sath sup r sup platform |
| topic | IRR SATH concrete floating offshore wind LCOE ocean renewable energy |
| url | https://www.mdpi.com/2076-3417/10/11/3678 |
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