Techno-Economic Modeling of Floating Wind Farms

A simple techno-economic model for determining wind power production and costs related to the development of floating offshore wind power is proposed. The model is a further extension of the minimalistic prediction model for fixed-bottom wind farms previously developed by two of the authors. In the...

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Main Authors: Ariadna Montes, David Fournely, Jens N. Sørensen, Gunner C. Larsen
Format: Article
Language:English
Published: MDPI AG 2025-02-01
Series:Energies
Subjects:
Online Access:https://www.mdpi.com/1996-1073/18/4/967
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author Ariadna Montes
David Fournely
Jens N. Sørensen
Gunner C. Larsen
author_facet Ariadna Montes
David Fournely
Jens N. Sørensen
Gunner C. Larsen
author_sort Ariadna Montes
collection DOAJ
description A simple techno-economic model for determining wind power production and costs related to the development of floating offshore wind power is proposed. The model is a further extension of the minimalistic prediction model for fixed-bottom wind farms previously developed by two of the authors. In the extended version, costs associated with the deployment of floating structures, such as floaters, mooring lines, and anchors, including additional installation and operational expenses, are taken into account. This paper gives an overview of the costs of the various components of different types of floating wind power installations, and using actual wind climate and bathymetry data for the North Sea, the model is employed to map the annual energy production and levelized cost of energy (LCoE) for floating wind farms located in the North Sea.
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spelling doaj-art-da802f83a09f4688aeda81e55f151d7a2025-08-20T03:12:14ZengMDPI AGEnergies1996-10732025-02-0118496710.3390/en18040967Techno-Economic Modeling of Floating Wind FarmsAriadna Montes0David Fournely1Jens N. Sørensen2Gunner C. Larsen3Copenhagen Energy, Bag Elefanterne 1, 1799 Copenhagen, DenmarkCopenhagen Energy, Bag Elefanterne 1, 1799 Copenhagen, DenmarkDTU Wind and Energy Systems, Technical University of Denmark, Nils Koppels Allé, bldg. 403, 2800 Lyngby, DenmarkDTU Wind and Energy Systems, Technical University of Denmark, Risø Campus, Frederiksborgvej 399, bldg. 114, 4000 Roskilde, DenmarkA simple techno-economic model for determining wind power production and costs related to the development of floating offshore wind power is proposed. The model is a further extension of the minimalistic prediction model for fixed-bottom wind farms previously developed by two of the authors. In the extended version, costs associated with the deployment of floating structures, such as floaters, mooring lines, and anchors, including additional installation and operational expenses, are taken into account. This paper gives an overview of the costs of the various components of different types of floating wind power installations, and using actual wind climate and bathymetry data for the North Sea, the model is employed to map the annual energy production and levelized cost of energy (LCoE) for floating wind farms located in the North Sea.https://www.mdpi.com/1996-1073/18/4/967offshore wind energycost modelinglevelized cost of energyNorth Sea
spellingShingle Ariadna Montes
David Fournely
Jens N. Sørensen
Gunner C. Larsen
Techno-Economic Modeling of Floating Wind Farms
Energies
offshore wind energy
cost modeling
levelized cost of energy
North Sea
title Techno-Economic Modeling of Floating Wind Farms
title_full Techno-Economic Modeling of Floating Wind Farms
title_fullStr Techno-Economic Modeling of Floating Wind Farms
title_full_unstemmed Techno-Economic Modeling of Floating Wind Farms
title_short Techno-Economic Modeling of Floating Wind Farms
title_sort techno economic modeling of floating wind farms
topic offshore wind energy
cost modeling
levelized cost of energy
North Sea
url https://www.mdpi.com/1996-1073/18/4/967
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AT davidfournely technoeconomicmodelingoffloatingwindfarms
AT jensnsørensen technoeconomicmodelingoffloatingwindfarms
AT gunnerclarsen technoeconomicmodelingoffloatingwindfarms