scholarly journals Using green finance to counteract the adverse effects of COVID-19 pandemic on renewable energy investment-The case of offshore wind power in China

Energy Policy ◽  
2021 ◽  
Vol 158 ◽  
pp. 112542 ◽  
Author(s):  
Qiang Tu ◽  
Jianlei Mo ◽  
Zhuoran Liu ◽  
Chunxu Gong ◽  
Ying Fan
2021 ◽  
Vol 43 (3) ◽  
pp. 196-205
Author(s):  
Minkyu Park ◽  
Seongjun Park ◽  
Byungcheol Seong ◽  
Yeonjeong Choi ◽  
Sokhee P. Jung

This review comprehensively reviewed floating offshore wind power generation technology, which is being newly developed as a mid- to long-term plan for wind energy. From the perspective of investment per megawatt (MW), offshore wind power is still about 50 percent more expensive than land wind power. Nevertheless, many advanced countries began to investigate the data because they wondered why they were immersed in development and investment, and why offshore wind facilities installed on the beach and floating offshore wind installed in the middle of the sea, unlike the land wind we knew. We looked at the basic principles of offshore wind power generation and the technologies used in facilities, and looked at the advantages and disadvantages of offshore wind power generation compared to land wind power generation, and what differences between fixed offshore wind farms and floating offshore wind farms. It is investigated whether it is a realistic plan to verify residents’ opposition to the installation of offshore wind power facilities, the possibility of commercialization such as high operational management costs, and the feasibility of installing facilities for renewable energy 3020 as mid- to long-term goals. In addition, it compares foreign cases with offshore wind power development complexes in Korea, marine wind power generation complexes in operation, and high wind power in Scotland, the first floating offshore wind power in Ulsan, Korea, to overcome difficulties in installing facilities and suggest directions for domestic offshore wind power development. In addition, in Korea, where there are not many countries suitable for wind power generation unlike overseas, it was decided to investigate whether floating offshore wind power could be the answer as planned. The reason why the government is pushing for investment in renewable energy such as solar power and wind power is because energy sources from the sun are eco-friendly. However, the U.S. and Europe, which started the wind power project early, are having difficulty in handling the wings of wind power generators. The energy source looked at the contradictions caused by environmental pollution in the treatment of waste, although it was environmentally friendly, and investigated how waste was treated and utilized overseas. Compared to other countries that entered the offshore wind power business earlier, domestic power generation projects are in their infancy and should focus on developing technology and co-prosperity with neighboring residents rather than on excessive expansion.


2021 ◽  
Vol 33 (5) ◽  
pp. 179-186
Author(s):  
Gun Hwan Choi ◽  
Mi Jeong Kim ◽  
Ki Ho Jang ◽  
Hyo Seon Kim

We need measures that can come up with alternative about fishery living zone and enhance local acceptance for responding to the increase in the proportion of renewable energy production and construction of 12GW Offshore wind power according to Korea’s Renewable Energy 3020 initiative and Korean-version New Deal. In this study, We suggest that differentiation plans of co-location model in connection with offshore wind power generation suitable for the East Sea. The East Sea is an optimal site for building of a floating offshore wind power generation(FOWPG) field. It is expected that economic effects like energy production, aquatic resource development and tourism industrialization by farming bluefin tuna which is high valued fish and suitable for offshore aquaculture on public waters in FOWPG field. And we can confirm that budget reduction, smart management by sharing operation management technology and increase in fishermen income.


2021 ◽  
Vol 13 (16) ◽  
pp. 8985
Author(s):  
Shih-Chieh Liao ◽  
Shih-Chieh Chang ◽  
Tsung-Chi Cheng

Renewable energy is produced using renewable natural resources, including wind power. The Taiwan government aims to have renewable energy account for 20% of its total power supply by 2025, in which offshore wind power plays an important role. This paper explores the application of index insurance to renewable energy for offshore wind power in Taiwan. We employ autoregressive integrated moving average models to forecast power generation on a monthly and annual basis for the Changhua Demonstration Offshore Wind Farm. These predictions are based on an analysis of 39 years of hourly wind speed data (1980–2018) from the Modern-Era Retrospective analysis for Research and Applications, Version 2, of the National Aeronautics and Space Administration. The data analysis and forecasting models describe the methodology used to design the insurance contract and its index for predicting offshore wind power generation. We apply our forecasting results to insurance contract pricing.


2015 ◽  
Vol 1 (2) ◽  
pp. 159
Author(s):  
Woojong Jung

The purpose of this study is to analyze the economic spillover effects and environmental impact of building offshore wind turbines on a local economy in Japan. Japan is facing a great turning point in its energy policy in the wake of the Great East Japan Earthquake, further increasing the importance of renewable energy. The offshore wind turbines experiment in Kitakyushu City is anticipated to showcase the potential of offshore wind power in Japan for the future and dynamize the local economy. As such, in this study, an economic and environmental impact assessment by Input–Output (I-O) analysis was conducted for the construction of the offshore wind turbines. The results show that building one hundred 3MW offshore wind turbine units will increase the induced production value by approximately 205.2 billion yen, equivalent to roughly 2.7% of Kitakyushu City’s total production value. Additionally, it is anticipated to create approximately 14 500 jobs. In terms of environmental impact, the increase in production is estimated to increase CO2 emissions by nearly 340 000 tonnes (an increase of approximately 2.1%). Accordingly, the environmental impact of building offshore wind turbines in Kitakyushu City is smaller than the economic impact, meaning that a sustainable between the economy and the environment can be found by the diffusion of renewable energy.


Sign in / Sign up

Export Citation Format

Share Document