A Spatial-Economic Cost-Reduction Pathway Analysis for U.S. Offshore Wind Energy Development from 2015-2030 PDF Download
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Languages : en
Pages : 214
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Book Description
This report describes a comprehensive effort undertaken by the National Renewable Energy Laboratory (NREL) to understand the cost of offshore wind energy for markets in the United States. The study models the cost impacts of a range of offshore wind locational cost variables for more than 7,000 potential coastal sites in U.S. offshore wind resource areas. It also assesses the impact of more than 50 technology innovations on potential future costs for both fixed-bottom and floating wind systems. Comparing these costs to an initial site-specific assessment of local avoided generating costs, the analysis provides a framework for estimating the economic potential for offshore wind. The analysis is intended to inform a broad set of stakeholders and enable an assessment of offshore wind as part of energy development and energy portfolio planning. It provides information that federal and state agencies and planning commissions could use to inform initial strategic decisions about offshore wind developments in the United States.
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 214
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Book Description
This report describes a comprehensive effort undertaken by the National Renewable Energy Laboratory (NREL) to understand the cost of offshore wind energy for markets in the United States. The study models the cost impacts of a range of offshore wind locational cost variables for more than 7,000 potential coastal sites in U.S. offshore wind resource areas. It also assesses the impact of more than 50 technology innovations on potential future costs for both fixed-bottom and floating wind systems. Comparing these costs to an initial site-specific assessment of local avoided generating costs, the analysis provides a framework for estimating the economic potential for offshore wind. The analysis is intended to inform a broad set of stakeholders and enable an assessment of offshore wind as part of energy development and energy portfolio planning. It provides information that federal and state agencies and planning commissions could use to inform initial strategic decisions about offshore wind developments in the United States.
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 214
Get Book Here
Book Description
This report describes a comprehensive effort undertaken by the National Renewable Energy Laboratory (NREL) to understand the cost of offshore wind energy for markets in the United States. The study models the cost impacts of a range of offshore wind locational cost variables for more than 7,000 potential coastal sites in U.S. offshore wind resource areas. It also assesses the impact of more than 50 technology innovations on potential future costs for both fixed-bottom and floating wind systems. Comparing these costs to an initial site-specific assessment of local avoided generating costs, the analysis provides a framework for estimating the economic potential for offshore wind. The analysis is intended to inform a broad set of stakeholders and enable an assessment of offshore wind as part of energy development and energy portfolio planning. It provides information that federal and state agencies and planning commissions could use to inform initial strategic decisions about offshore wind developments in the United States.
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
This report describes a comprehensive effort undertaken by the National Renewable Energy Laboratory (NREL) to understand the cost of offshore wind energy for markets in the United States. The study models the cost impacts of a range of offshore wind locational cost variables for more than 7,000 potential coastal sites in U.S. offshore wind resource areas. It also assesses the impact of more than 50 technology innovations on potential future costs for both fixed-bottom and floating wind systems. Comparing these costs to an initial site-specific assessment of local avoided generating costs, the analysis provides a framework for estimating the economic potential for offshore wind. The analysis is intended to inform a broad set of stakeholders and enable an assessment of offshore wind as part of energy development and energy portfolio planning. It provides information that federal and state agencies and planning commissions could use to inform initial strategic decisions about offshore wind developments in the United States.
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Category :
Languages : en
Pages : 0
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Book Description
Presenting analysis framework and initial analysis of potential floating offshore wind cost reduction pathways to reach the U.S. Department of Energy's Floating Offshore Wind Shot goal of $45/MWh by 2035.
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Category :
Languages : en
Pages :
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Book Description
The potential for cost reduction and market deployment for offshore wind varies considerably within the United States. This analysis estimates the future economic viability of offshore wind at more than 7,000 sites under a variety of electric sector and cost reduction scenarios. Identifying the economic potential of offshore wind at a high geospatial resolution can capture the significant variation in local offshore resource quality, costs, and revenue potential. In estimating economic potential, this article applies a method initially developed in Brown et al. (2015) to offshore wind and estimates the sensitivity of results under a variety of most likely electric sector scenarios. For the purposes of this analysis, a theoretical framework is developed introducing a novel offshore resource classification system that is analogous to established resource classifications from the oil and gas sector. Analyzing economic potential within this framework can help establish a refined understanding across industries of the technology and site-specific risks and opportunities associated with future offshore wind development. The results of this analysis are intended to inform the development of the U.S. Department of Energy's offshore wind strategy.
Author: Mimi Q. Zhang
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ISBN:
Category :
Languages : en
Pages : 67
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Book Description
Wind energy is one of the cleanest and most available resources in the world, and advancements in wind technology are making it more cost effective. Though wind power is rapidly developing in many regions, its variable nature creates obstacles in integrating significant amounts of wind power to the electric grid. One potential solution for reducing the fluctuating nature of wind power is to site wind projects in regions of complementing wind regimes to reduce variability. This thesis explores the feasibility of creating a coordinated network of offshore wind projects through examining its technological requirements, economic viability, and the policy and planning issues of building such a network in the U.S. Wind speed data for sites along the east coast of the U.S. are used to analyze the nature of offshore wind patterns and the benefits of interconnecting multiple wind projects. The main questions are: 1) Is an offshore wind network technologically feasible? 2) What are the costs and benefits of creating an offshore network with transmission lines? 3) What are potential ways to plan, permit, and develop such a network? An overview of research on existing turbine technology, turbine foundation technology, and transmission technology show that it is technically possible to build a network of offshore wind projects. An analysis of the costs and benefits of physical interconnection show that the cost savings from reduced variability pale in comparison to interconnection costs. It is more cost effective to coordinate the siting of all projects within the network, by connect the projects directly to the onshore grid as opposed to creating a separate, offshore grid for wind projects. The current planning process for offshore wind development permits projects on a site-by-site basis, so developing an entire network of sites with the goal of reducing variability would require an extensive stakeholder process where all relevant parties agree on a set of sites. A coordinated network could also be developed over time by incorporating variability as a priority in the permitting process.
Author: Sisi Meng
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Category :
Languages : en
Pages : 0
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Book Description
Wind energy has become the most prevalent renewable energy source in the U.S., with significant advantages in decarbonization, economic growth, and access to affordable clean energy. However, there are concerns over the distributional impacts of wind energy development. This study aims to empirically assess (i) whether wind energy projects have an impact on income inequality and to discuss (ii) if there are significant trends in the impact of wind energy from a spatial-temporal perspective. To this end, we have generated a new variable measuring wind energy development at the county level in the U.S. at four points in time. Considering the potential endogeneity of income inequality, we also employed geophysical data for wind capacity as instrumental variables. Combining the data collected from the American Community Survey (ACS), we find a strong positive impact between wind energy development and income inequality after controlling for a wide array of socioeconomic variables. Yet, the magnitude of the effect seems to decrease over time as wind energy projects expand. In light of these findings, we discuss potential mechanisms for the effect of wind energy development on income inequality and their policy implications.
Author: Constance Annette McDaniel Wyman
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Category :
Languages : en
Pages : 252
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Book Description
Wind power is the fastest growing sector of electricity generation in the world and the development of offshore wind resources is an increasingly important component of this growth. While more than 1.5GW have been installed in Europe and China, no turbines have been installed in United States waters even though several have been planned. Offshore wind power development in the United States must contend with significant challenges. There are numerous technical considerations including geological issues and undefined environmental conditions that affect the determination of appropriate design loads. Technological advancements are needed, and logistical questions must be addressed. The regulatory structure can be confusing and most permitting frameworks are not well established. Offshore wind projects are capital intensive and concerns exist that the industry will not be able to achieve a suitable economy of scale. Additionally, concerns about offshore wind impacts cross many areas such as the environment, visual and cultural concerns, navigational issues, and competing uses. This research project examines the technical issues of American offshore wind power and models basic project costs to provide an estimate of the total net present value for hypothetical utility-scale offshore wind projects in the United States. Costs have been examined by building a cost model and employing traditional cash flow analysis, regression, design of experiments, and random sampling techniques.
Author: Matt Shields
Publisher:
ISBN:
Category : Offshore wind power plants
Languages : en
Pages : 14
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Book Description
