Offshore wind balance-of-system (BOS) costs contribute up to 70% of installed capital costs. Thus, it is imperative to understand the impact of these costs on project economics as well as potential cost trends for new offshore wind technology developments. As a result, the National Renewable Energy Laboratory (NREL) developed and recently updated a BOS techno-economic model using project cost estimates created from wind energy industry sources.

The U.S. Department of Energy (DOE) has investigated the potential for 20% of nationwide electricity demand to be generated from wind by 2030 and, more recently, 35% by 2050. Achieving this level of wind power generation may require the development and deployment of offshore wind technologies. DOE (2008) has indicated that reaching these 2030 and 2050 scenarios could result in approximately 10% and 20%, respectively, of wind energy generation to come from offshore resources. By the end of 2013, 6.5 gigawatts of offshore wind were installed globally. The first U.S. project, the Block Island Wind Farm off the coast of Rhode Island, has recently begun operations. One of the major reasons that offshore wind development in the United States is lagging behind global trends is the high capital expenditures required. An understanding of the costs and associated drivers of building a commercial-scale offshore wind plant in the United States will inform future research and help U.S. investors feel more confident in offshore wind development. In an effort to explain these costs, the National Renewable Energy Laboratory has developed the Offshore Balance-of-System model.

Offshore wind energy is one of the most promising and fastest growing alternative energy sources in the world. Offshore Wind Energy Cost Modeling provides a methodological framework to assess installation and decommissioning costs, and using examples from the European experience, provides a broad review of existing processes and systems used in the offshore wind industry. Offshore Wind Energy Cost Modeling provides a step-by-step guide to modeling costs over four sections. These sections cover: ·Background and introductory material, ·Installation processes and vessel requirements, ·Installation cost estimation, and ·Decommissioning methods and cost estimation. This self-contained and detailed treatment of the key principles in offshore wind development is supported throughout by visual aids and data tables. Offshore Wind Energy Cost Modeling is a key resource for anyone interested in the offshore wind industry, particularly those interested in the technical and economic aspects of installation and decommissioning. The book provides a reliable point of reference for industry practitioners and policy makers developing generalizable installation or decommissioning cost estimates.

This book provides a state-of-the-art review of floating offshore wind turbines (FOWT). It offers developers a global perspective on floating offshore wind energy conversion technology, documenting the key challenges and practical solutions that this new industry has found to date. Drawing on a wide network of experts, it reviews the conception, early design stages, load & structural analysis and the construction of FOWT. It also presents and discusses data from pioneering projects. Written by experienced professionals from a mix of academia and industry, the content is both practical and visionary. As one of the first titles dedicated to FOWT, it is a must-have for anyone interested in offshore renewable energy conversion technologies.

With Balance of System (BOS) costs contributing up to 70% of the installed capital cost, it is fundamental to understanding the BOS costs for offshore wind projects as well as potential cost trends for larger offshore turbines. NREL developed a BOS model using project cost estimates developed by GL Garrad Hassan. Aspects of BOS covered include engineering and permitting, ports and staging,transportation and installation, vessels, foundations, and electrical. The data introduce new scaling relationships for each BOS component to estimate cost as a function of turbine parameters and size, project parameters and size, and soil type. Based on the new BOS model, an analysis to understand the non-turbine costs associated with offshore turbine sizes ranging from 3 MW to 6 MW andoffshore wind plant sizes ranging from 100 MW to 1000 MW has been conducted. This analysis establishes a more robust baseline cost estimate, identifies the largest cost components of offshore wind project BOS, and explores the sensitivity of the levelized cost of energy to permutations in each BOS cost element. This presentation shows results from the model that illustrates the potential impactof turbine size and project size on the cost of energy from US offshore wind plants.

NREL's Land-based Balance of System Systems Engineering (LandBOSSE) model is a tool for modeling the balance of system (BOS) costs of land-based wind plants. BOS costs currently account for approximately 30% of the capital expenditures needed to install a land-based wind plant and include all costs associated with installing a wind plant, such as permitting, labor, material, and equipment costs associated with site preparation, foundation construction, electrical infrastructure, and tower installation. NREL developed LandBOSSE after identifying a need for a hybrid of process-based and empirically derived model that can provide flexibility for assessing wind plant BOS costs at a system level. NREL's prior BOS models have relied on empirical fits of legacy industry data, which limit their predictive ability. LandBOSSE, however, was designed to help users explore tradeoffs between innovative design scenarios while balancing the level of detail and speed required for model execution. The model was developed using a hybrid of process-based and empirically derived methods to create a modular model design that will allow for updates as wind energy technology evolves. The goal of LandBOSSE is to allow researchers, analysts, wind power developers, government agencies, and the public to explore how BOS may vary for different wind plant designs. This report summarizes the approach, methods, and equations used to develop LandBOSSE Version 2.1 (hereafter referred to as LandBOSSE 2.1). Future versions of the model may incorporate additional process-based capabilities or modify calculations within the code. Please refer to the GitHub repository at https://github.com/WISDEM/LandBOSSE for the most up-to-date version of the software documentation and code.

This book provides an overview of floating offshore wind farms and focuses on the economic aspects of this renewable-energy technology. It presents economic maps demonstrating the main costs, and explores various important aspects of floating offshore wind farms. It examines topics including offshore wind turbines, floating offshore wind platforms, mooring and anchoring, as well as offshore electrical systems. It is a particularly useful resource in light of the fact that most water masses are deep and therefore not suitable for fixed offshore wind farms. A valuable reference work for students and researchers interested in naval and ocean engineering and economics, this book provides a new perspective on floating offshore wind farms, and makes a useful contribution to the existing literature.

The reduction of greenhouse gas emissions is a major governmental goal worldwide. The main target, hopefully by 2050, is to move away from fossil fuels in the electricity sector and then switch to clean power to fuel transportation, buildings and industry. This book discusses important issues in the expanding field of wind farm modeling and simulation as well as the optimization of hybrid and micro-grid systems. Section I deals with modeling and simulation of wind farms for efficient, reliable and cost-effective optimal solutions. Section II tackles the optimization of hybrid wind/PV and renewable energy-based smart micro-grid systems.

This book provides a detailed roadmap of technical, economic, and institutional actions by the wind industry, the wind research community, and others to optimize wind's potential contribution to a cleaner, more reliable, low-carbon, domestic energy generation portfolio, utilizing U.S. manu-facturing and a U.S. workforce. The roadmap is intended to be the beginning of an evolving, collaborative, and necessarily dynamic process. It thus suggests an approach of continual updates at least every two years, informed by its analysis activities. Roadmap actions are identified in nine topical areas, introduced below.