| Description |
1 online resource (177 pages) |
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text file |
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PDF |
| Physical Medium |
polychrome |
| Summary |
The book provides an overview of the policy frameworks that have been employed to support offshore wind power, and their efficacy in nurturing sustainable cost reductions across the industry. A growing number of countries are increasingly receptive to the prospect of implementing policies to support the deployment of large-scale renewable energy. The promise of carbon-free, utility-scale power generation from offshore wind farms has incentivised and nurtured offshore wind development. However, the high relative costs of deploying offshore wind compared to alternatives have a history of making it political divisive pursuit. At the same time when many countries are just beginning to explore the possibility of developing an offshore wind industry, many other countries are experiencing what can be described as policy fatigue over supporting offshore wind. If cost reductions are not proven sustainable by the early 2020's, then government support for offshore wind may start to erode and even completely evaporate in several key offshore wind markets - with global repercussions. This book will provide the reader with a clear picture of the current status and future challenges of the offshore wind industry globally, incorporating both a technical analysis of the cost drivers as well as a detailed analysis of policy design and economics of industry.-- Provided by publisher. |
| Contents |
Foreword; Preface; Contents; List of Abbreviations; List of Figures; List of Tables; Chapter 1: Background: Role of the Offshore Wind Industry; 1.1 Introduction; 1.2 History; 1.2.1 Emergence of Offshore Wind; 1.3 Role of Offshore Wind; 1.4 Role of Offshore Wind Outside of Europe; 1.5 Conclusions; References; Chapter 2: Global Offshore Wind Market; 2.1 Introduction; 2.2 Installed Global Capacity by Market; 2.2.1 Infrastructure and Supply Chain Development; 2.2.2 Project Development and Investment; 2.3 Offshore Wind in the Global Energy Mix. |
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2.3.1 Renewable Energy in Global Power Generation2.3.2 Levelised Cost of Energy and Plant Costs Comparison; 2.3.3 LCOE Targets for Offshore Wind; 2.4 Conclusions; References; Chapter 3: Cost Drivers and Technical Hurdles; 3.1 Introduction; 3.2 Cost Drivers; 3.2.1 Capital Expenditure (CAPEX); 3.2.1.1 Turbine; 3.2.1.2 Foundation; 3.2.1.3 Grid Interconnection; 3.2.1.4 Transport and Installation; 3.2.2 Operating Expenses (OPEX); 3.2.2.1 Operation Costs; 3.2.2.2 Maintenance Costs; 3.3 Technical Hurdles; 3.3.1 Subsea Cable Reliability; 3.3.2 Design Process; 3.3.3 Weather Restrictions. |
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3.3.4 Intermittency3.3.5 Serial Production of Foundations; 3.4 Conclusions; References; Chapter 4: Renewable Energy Support Policy Design; 4.1 Introduction; 4.2 Indirect Policies; 4.3 Direct Policies; 4.3.1 Production-Based Schemes; 4.3.2 Investment-Based Schemes; 4.4 Evaluation and Discussion; 4.5 Conclusions; References; Chapter 5: Current Support Policies to Promote Offshore Wind Power; 5.1 Introduction; 5.2 Direct Policy Mechanisms to Support Offshore Wind; 5.3 Offshore Wind Support Schemes in Global Markets; 5.3.1 Europe; 5.3.1.1 United Kingdom; 5.3.1.2 Germany. |
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5.3.1.3 The Netherlands5.3.1.4 Denmark; 5.3.1.5 Belgium; 5.3.2 Offshore Wind Market Outside Europe; 5.3.2.1 China; 5.3.2.2 Japan; 5.3.2.3 South Korea; 5.3.2.4 Taiwan; 5.3.3 United States; 5.4 Evaluation and Discussion; 5.4.1 FiT and FiP Evaluation and Analysis; 5.5 Conclusions; References; Chapter 6: Cost Reductions and Innovation in the Offshore Wind Industry; 6.1 Introduction; 6.2 Technology; 6.2.1 Turbine; 6.2.2 Foundation Structure; 6.2.3 Electrical and Grid Equipment; 6.2.4 Installation and O 6.3 Supply Chain Management; 6.4 Finance; 6.5 Support Policies. |
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6.6 ConclusionsReferences; Chapter 7: Public Acceptance of Offshore Wind Farms; 7.1 Introduction; 7.2 Determinants of Public Opposition to Offshore Wind; 7.3 Approaches to Address Public Opposition; 7.3.1 Climate Change and Technology Awareness; 7.3.2 Fairness of the Decision-Making Process; 7.3.3 Evaluation of Cost, Risk, and Benefits of Offshore Wind; 7.3.4 Understanding the Local Context; 7.3.5 Building Trust; 7.4 Conclusions; References; Chapter 8: Looking Ahead: Current Trajectory and Key Uncertainties; 8.1 Introduction; 8.2 Current Trajectory of Offshore Wind Development. |
| Local Note |
eBooks on EBSCOhost EBSCO eBook Subscription Academic Collection - North America |
| Subject |
Offshore wind power plants -- Government policy.
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Offshore wind power plants. |
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Government policy. |
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Offshore wind power plants -- Economic aspects.
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Energy policy.
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Offshore wind power plants.
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Energy policy. |
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BUSINESS & ECONOMICS -- Real Estate -- General. |
| Added Author |
Brown, Craig (Writer on energy resources), author.
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Foley, Benjamin, author.
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| Other Form: |
Print version: Poudineh, Rahmatallah. Economics of Offshore Wind Power : Challenges and Policy Considerations. Cham : Springer International Publishing, ©2017 9783319664194 |
| ISBN |
9783319664200 (electronic book) |
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3319664204 (electronic book) |
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3319664190 |
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9783319664194 |
| Standard No. |
10.1007/978-3-319-66420-0 |
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