Framework for Development of an Economic Analysis Tool for Floating Concrete Offshore Wind Platforms

Abstract

The objective of this work is to establish a framework for the development of an economic analysis tool for floating offshore wind platforms built in concrete. The operation and usefulness of the beta version of a software, called Arcwind, is explained. It calculates the main economic aspects of offshore wind platforms built in concrete considering different locations in the European Atlantic Arc. This software allows the user to select different input parameters such as: the type of platform, the installation area of the farm, its specific location and in this way create different analysis scenarios. This paper analyzes the case study to install TELWIND® offshore concrete floating platforms in the Canary Islands, in Spain. The software provides data on the main economic parameters of the farm, such as Levelized Cost Of Energy (LCOE), Net Present Value (NPV), Internal Rate of Return (IRR), Pay-Back Period (PBP), as well as the main costs: cost of conception and definition, cost of design and development, cost of manufacturing, cost of installation, cost of operation and cost of dismantling. Using these parameters, a first analysis of the viability of this type of floating technology built on concrete is shown.