scholarly journals Risk Analysis and Management of Construction and Operations in Offshore Wind Power Project

2021 ◽  
Vol 13 (13) ◽  
pp. 7473
Author(s):  
Jui-Sheng Chou ◽  
Pin-Chao Liao ◽  
Chung-Da Yeh
Keyword(s):  
Risk Management ◽  
Wind Power ◽  
Offshore Wind ◽  
Onshore Wind ◽  
Offshore Wind Power ◽  
Wind Energy Generation ◽  
Body Of Knowledge ◽  
Stage Of Development ◽  
Action Strategies ◽  
Power Project

Many countries have increased the use of renewable energy and strongly promoted offshore wind power (OWP). However, OWP in Asia is in the preliminary stage of development, for which no precedents exist. The literature on wind energy generation has mostly investigated the causes of onshore wind turbine accidents and risk prevention, and more work on the risks associated with domestic OWP is required for energy market development. According to statistics on international wind power accidents, most offshore accidents occur in the construction and operation stages. Therefore, this work investigates risk management in the construction and operations of offshore windfarms in Taiwan. The goal is to help decision-makers to understand better the risks of the industry and so more effectively manage them. In this study, risk factors are identified from organizing data in the literature, and research methods and action strategies are developed. Research and analysis follow the risk management steps in the PMBOK® Guide (A Guide to the Project Management Body of Knowledge). The risk rankings and preventive measures that are based on the results of this study can serve as references for relevant industry personnel in island cities and nearby Asian countries to reduce risk in the management of OWP projects.

scholarly journals A Real Options Model to Value Offshore Wind Power Project under Market Linkage Mechanism

2019 ◽  
pp. 1-13
Author(s):  
Yiqing Li ◽  
Weiguo Yang ◽  
Lixin Tian
Keyword(s):  
Sensitivity Analysis ◽  
Real Options ◽  
Wind Power ◽  
Simulation Method ◽  
Offshore Wind ◽  
Linkage Mechanism ◽  
Offshore Wind Power ◽  
Market Linkage ◽  
The Impact ◽  
Power Project

This study puts forward a real options model and uses it to evaluate the investment value of offshore wind power project under market co-movement effect. The main purpose is to check investment benefit of offshore wind power project, as an investor. Several uncertainties are taken into account, including investment costs, feed-in tariffs, carbon prices and policy subsidy. Moreover, an additional uncertain factor, i.e. the market linkage of investment costs, is considered. As a case study, Jiangsu Xiangshui offshore wind park is used to illustrate the model in scenario analysis. Using a least-squares Monte Carlo simulation method, we obtain that the project value is negative. Therefore investors should abandon or postpone investment until better conditions prevail. Furthermore, this paper shows sensitivity analysis of the impact of uncertain factors on the project value. Especially sensitivity analysis of variable costs, it shows a certain impact on project value in here, which has been ignored in previous real options studies. The research results would be helpful for renewable energy project assessment and the decision-making process associated with it.

Evaluation of an Offshore Floating Wind Power Project on the Galician Coast

2017 ◽  
Author(s):  
Hugo Díaz ◽  
José Miguel Rodrigues ◽  
C. Guedes Soares
Keyword(s):  
Wind Power ◽  
Wind Farm ◽  
Offshore Wind ◽  
Offshore Wind Farm ◽  
Offshore Wind Power ◽  
Offshore Technology ◽  
Galician Coast ◽  
In Series ◽  
Floating Platforms ◽  
Power Project

This paper aims to make a contribution to assessing the viability of offshore wind power projects on the Galician coast. Several of the factors involved in these projects are studied, such as site selection and employed technologies regarding turbine and floating foundations. Estimated costs ‘ analysis and financial evaluation are performed for a chosen solution. Based on the conducted study, an offshore wind farm in Galicia may become valid in a prospect of an electricity tariff to the producer in line with other European countries. Furthermore, an expected decrease of costs of floating platforms once produced in series and of offshore technology as a whole, in addition to incentives, would make the investment much more attractive.

Offshore Wind Turbines Operation and Maintenance in China: A Case Study of Donghai Bridge Offshore Wind Farm

2013 ◽  
Vol 448-453 ◽  
pp. 1871-1874
Author(s):  
Yuan Xie
Keyword(s):  
Wind Power ◽  
Wind Turbines ◽  
Wind Farm ◽  
Offshore Wind ◽  
Offshore Wind Power ◽  
Offshore Wind Turbines ◽  
Operation And Maintenance ◽  
Steady Stage ◽  
Power Project

China has great potential in offshore wind energy and makes an ambitious target for offshore wind power development. Operation and Maintenance (O&M) of offshore wind turbines become more and more important for China wind industry. This study introduces the current offshore wind power projects in China. Donghai Bridge Offshore Demonstration Wind Farm (Donghai Bridge Project) is the first commercial offshore wind power project in China, which was connected to grid in June 2010. O&M of Donghai Bridge Project represent the state-of-the-art of China offshore O&M. During the past two and half years, O&M of Donghai Bridge Project has gone through three phases and stepped into a steady stage. Its believed that analysis of O&M of Donghai Bridge Project is very helpful for Chinas offshore wind power in the future.

scholarly journals Objective factors and policies of countries affecting hydrogen market development

2021 ◽  
Vol 12 ◽  
pp. 70-82
Author(s):  
Ba Nam Pham ◽  
Thi Ngoan Nghiem ◽  
Minh Phuong Dao ◽  
Thi Lan Oanh Nguyen ◽  
Hien Trang Ta ◽  
...  
Keyword(s):  
Wind Power ◽  
Solar Power ◽  
Offshore Wind ◽  
Market Development ◽  
Onshore Wind ◽  
Social Barriers ◽  
Offshore Wind Power ◽  
Hydrogen Supply ◽  
Size And Structure

By 2050, blue hydrogen (produced by SMR method using CCS technology to capture CO2) will make up about 18% of hydrogen supply, whilst green hydrogen from solar power will account for 16%, from onshore wind power 16% and offshore wind power 9%. Global hydrogen demand is forecasted to increase to about 150 million tons by 2040 [1]. The article analyses the objective factors (i.e. size and structure of the economy, technological and social barriers) and policies of countries that affect hydrogen market development.

MCC and OCR-to-CPTU method for strength assessment in Hiep Thanh offshore wind power project

2021 ◽  
Author(s):  
Kuanjun Wang ◽  
Zhongliang Jin ◽  
Kanmin Shen ◽  
Wenbo Du ◽  
Qifeng Zhang ◽  
...  
Keyword(s):  
Wind Power ◽  
Offshore Wind ◽  
Strength Assessment ◽  
Offshore Wind Power ◽  
Power Project

Fuzzy Comprehensive Appraisal of China’s Offshore Wind Industry Competitiveness Based on SWOT

2013 ◽  
Vol 724-725 ◽  
pp. 561-567
Author(s):  
Ji Cheng Liu ◽  
Ye Li ◽  
Jun Li Liu
Keyword(s):  
Qualitative Analysis ◽  
Wind Power ◽  
Offshore Wind ◽  
Onshore Wind ◽  
Accurate Evaluation ◽  
Offshore Wind Power ◽  
Industry Competitiveness ◽  
Near Future ◽  
Fuzzy Comprehensive Appraisal ◽  
Offshore Wind Industry

Offshore wind power is expected to increase significantly in the near future. This document use the method combined the SWOT and fuzzy comprehensive appraisal to analyze China’s offshore wind industry competitiveness. Firstly, perform qualitative analysis by SWOT and then use fuzzy comprehensive appraisal to transfer qualitative analysis to quantitative analysis for a more objective and accurate evaluation. The final evaluation results show that China’s offshore wind industry is competitive. And China should actively and steadily promote the development of offshore wind industry while should pay attention to draw experience and lessons from onshore wind power.

Research and Prospect of Offshore Wind Power

2014 ◽  
Vol 1049-1050 ◽  
pp. 743-746
Author(s):  
Ya Wei Li
Keyword(s):  
Wind Power ◽  
Development Process ◽  
Offshore Wind ◽  
Power Development ◽  
Onshore Wind ◽  
Offshore Wind Power ◽  
Development Status ◽  
Development Direction ◽  
Key Technologies ◽  
Wind Power Development

In view of the existing onshore wind developments, this paper points out the problem in the development process, and thus leads to the development direction of offshore wind in China. the European advanced offshore wind power development status is recalled, and China's offshore wind power started developments are expounded. The key technologies of offshore wind power are presented. The problems of Chinese offshore wind power development are analyzed. Finally, the future of Chinese offshore wind power is prospected.

scholarly journals Review of recent offshore wind power strategy in Taiwan: Onshore wind power comparison

2021 ◽  
Vol 38 ◽  
pp. 100747
Author(s):  
Anton Ming-Zhi Gao ◽  
Chung-Huang Huang ◽  
Jui-Chu Lin ◽  
Wei-Nien Su
Keyword(s):  
Wind Power ◽  
Offshore Wind ◽  
Power Comparison ◽  
Onshore Wind ◽  
Offshore Wind Power
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