Electric Power ›› 2024, Vol. 57 ›› Issue (9): 80-93.DOI: 10.11930/j.issn.1004-9649.202308096

• Technical Economy, Planning and Operation, and Policy Mechanisms of Offshore Wind Power Hydrogen Production • Previous Articles     Next Articles

Development & Thinking of Offshore Wind Power Based on Life Cycle Economic Evaluation

Li FENG1,2(), Lianmei ZHANG1,2(), Jiajia WEI1,2, Changhong DENG1,2(), Guo LI3, Jiayue YIN3   

  1. 1. Hubei Engineering and Technology Research Center for AC/DC Intelligent Distribution Network (Wuhan University), Wuhan 430072, China
    2. School of Electrical Engineering and Automation, Wuhan University, Wuhan 430072, China
    3. China Southern Power Grid Electric Power Research Institute Co., Ltd., Guangzhou 510663, China
  • Received:2023-08-24 Accepted:2023-11-22 Online:2024-09-23 Published:2024-09-28
  • Supported by:
    This work is supported by Science and Technology Project of CSG (No.ZDKJXM20210047)

Abstract:

At present, the research on economic evaluation of offshore wind power (OWP) is poor, while OWP urgently needs economic evaluation as the basis for its large-scale application. Based on the economy of OWP projects, this article firstly reviews the composition and development of offshore wind farms and analyzes 3 types and 6 development models of current OWP projects. Then the whole life cycle of OWP projects are divided into 3 stages, including initial investment, operation maintenance and retirement recovery, and the cost of each stage is analyzed and its respective mathematical model is established. Then, 6 economic indicators such as NPV are introduced to evaluate an OWP project for case study. Finally, the current progress and research deficiencies of OWP projects are summed up, which can provide a direction for future research and a support and reference for the more economical development of OWP.

Key words: offshore wind power, development model, life cycle cost, economic evaluation, development suggestion