Pricing offshore wind power

被引:103
作者
Levitt, Andrew C. [1 ]
Kempton, Willett [1 ]
Smith, Aaron P. [2 ]
Musial, Walt [2 ]
Firestone, Jeremy [1 ]
机构
[1] Univ Delaware, Coll Earth Ocean & Environment, Ctr Carbon Free Power Integrat, Newark, DE 19716 USA
[2] Natl Wind Technol Ctr, Natl Renewable Energy Lab, Golden, CO 80401 USA
基金
美国能源部;
关键词
Wind power; Offshore wind power; Levelized cost of energy; Breakeven price; ELECTRICITY; ENERGY;
D O I
10.1016/j.enpol.2011.07.044
中图分类号
F [经济];
学科分类号
02 ;
摘要
Offshore wind offers a very large clean power resource, but electricity from the first US offshore wind contracts is costlier than current regional wholesale electricity prices. To better understand the factors that drive these costs, we develop a pro-forma cash flow model to calculate two results: the levelized cost of energy, and the breakeven price required for financial viability. We then determine input values based on our analysis of capital markets and of 35 operating and planned projects in Europe, China, and the United States. The model is run for a range of inputs appropriate to US policies, electricity markets, and capital markets to assess how changes in policy incentives, project inputs, and financial structure affect the breakeven price of offshore wind power. The model and documentation are made publicly available. (C) 2011 Elsevier Ltd. All rights reserved.
引用
收藏
页码:6408 / 6421
页数:14
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