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.

Comprehensive Evaluation of the Offshore Wind Power Project Navigation Safety

2014 ◽  
Vol 986-987 ◽  
pp. 259-262 ◽  
Author(s):  
Fu Cai Jiang ◽  
Yan Bin Guo ◽  
Quan Dang Ma
Keyword(s):  
Risk Assessment ◽  
Wind Power ◽  
Evaluation Method ◽  
Comprehensive Evaluation ◽  
Fuzzy Comprehensive Evaluation ◽  
Offshore Wind ◽  
Offshore Wind Power ◽  
The Impact ◽  
Power Project ◽  
Navigation Safety

This paper introduce the necessity of the construction of offshore wind power projects, analysis of the impact on the marine transport of offshore wind power project after completion, and then use the fuzzy comprehensive evaluation method to carry out a comprehensive assessment of offshore wind power projects, by identifying risk assessment index system, establish model for risk assessment, the final task is use the model to evaluate the navigation safety of an offshore wind power project.

scholarly journals Evaluation of offshore wind power in the China sea

2021 ◽  
pp. 014459872199226
Author(s):  
Yu-chi Tian ◽  
Lei kou ◽  
Yun-dong Han ◽  
Xiaodong Yang ◽  
Ting-ting Hou ◽  
...  
Keyword(s):  
Wind Energy ◽  
Wind Power ◽  
Energy Development ◽  
Offshore Wind ◽  
Human Beings ◽  
Offshore Wind Power ◽  
Business Operation ◽  
Advantages And Disadvantages ◽  
Wind Energy Development ◽  
The Impact

With resource crisis and environmental crisis increasingly grim, many countries turn the focus to pollution-free and renewable wind energy resources, which are mainly used for offshore wind power generation, seawater desalination and heating, etc., on the premise that the characteristics of resources are fully grasped. In this study, the evaluation of offshore wind energy in offshore waters in China, as well as the advantages and disadvantages of existing studies were overviewed from four aspects: the spatial-temporal characteristics of wind energy, wind energy classification, the short-term forecast of wind energy and the long-term projection of wind energy, according to the research content and the future considerations about wind energy evaluation (evaluation of wind energy on islands and reefs, the impact of wind energy development on human health) were envisaged, in the hope of providing a scientific basis for the site selection and business operation ‘or military applications’ here (after business operation), etc. of wind energy development, ‘aritime navigation against environmental construction,’ here and also contributing to the sustainable development and health of human beings.

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.

scholarly journals Life Cycle Analysis of Ecological Impacts of an Offshore and a Land-Based Wind Power Plant

2019 ◽  
Vol 9 (2) ◽  
pp. 231 ◽  
Author(s):  
Izabela Piasecka ◽  
Andrzej Tomporowski ◽  
Józef Flizikowski ◽  
Weronika Kruszelnicka ◽  
Robert Kasner ◽  
...  
Keyword(s):  
Life Cycle ◽  
Power Plant ◽  
Wind Power ◽  
Power Plants ◽  
Ecological Impacts ◽  
Offshore Wind ◽  
Wind Power Plant ◽  
Offshore Wind Power ◽  
Wind Power Plants ◽  
The Impact

This study deals with the problems connected with the benefits and costs of an offshore wind power plant in terms of ecology. Development prospects of offshore and land-based wind energy production are described. Selected aspects involved in the design, construction, and operation of offshore wind power plant construction and operation are presented. The aim of this study was to analyze and compare the environmental impact of offshore and land-based wind power plants. Life cycle assessment analysis of 2-MW offshore and land wind power plants was made with the use of Eco-indicator 99 modeling. The results were compared in four areas of impact in order to obtain values of indexes for nonergonomic (impact on/by operator), nonfunctional (of/on the product), nonecological (on/by living objects), and nonsozological impacts (on/by manmade objects), reflecting the extent of threat to human health, the environment, and natural resources. The processes involved in extraction of fossil fuels were found to produce harmful emissions which in turn lead to respiratory system diseases being, thus, extremely dangerous for the natural environment. For all the studied areas, the impact on the environment was found to be higher for land-based wind power plants than for an offshore wind farm.

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 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 Determination of Shear Modulus of Soil in the RC/TS Apparatus for Designing Offshore Wind Power Plant Foundations

2018 ◽  
Vol 25 (3) ◽  
pp. 69-83 ◽  
Author(s):  
Piotr Srokosz ◽  
Ireneusz Dyka ◽  
Marcin Bujko
Keyword(s):  
Power Plant ◽  
Shear Modulus ◽  
Wind Power ◽  
Full Range ◽  
Offshore Wind ◽  
Wind Power Plant ◽  
Offshore Wind Power ◽  
Shear Strains ◽  
The Impact

Abstract The paper presents a selected aspect of the determining the initial soil shear modulus value on the research example in resonant column – torsional shear apparatus (RC / TS). There are presented the significance of the initial value of shear modulus in design of offshore wind power plant foundations and the importance of its variability in the function of cyclical shear strains of soil related to the impact of sea and atmosphere on the designed structures. Based on the conducted analyses, a new methodology for interpreting the TS test results of soil has been proposed. It allows estimating the values of the shear modulus in the full range of shear strains occurring in issues closely related to the design and construction work of offshore wind power plant foundations.

Sign in / Sign up

Export Citation Format

Share Document