Analysis of the economic feasibility of different floating offshore renewable energies in Canary Islands
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Analysis of the economic feasibility of different floating offshore renewable energies in Canary IslandsAuthor(s)
Date
2022-10Citation
A. Filgueira-Vizoso, X. Costoya, D. Cordal-Iglesias, L. Piegari, P. Tricoli, y L. Castro-Santos, «Analysis of the economic feasibility of different floating offshore renewable energies in Canary Islands», Renewable Energy and Power Quality JournalE&PQJ, vol. 20, n.o 4, pp. 525-259, 2022, doi: 10.24084/repqj20.354
Abstract
[Abstract]: The aim of this paper is to study the suitability of
different floating offshore energy technologies in a particular
location in economic terms. In this context, their main initial
investments and expenses have been taken into account in order
to calculate the economic indicators of the economic feasibility
study. These indicators are Internal Rate of Return, Net Present
Value and Levelized Cost Of Energy. The case study has
evaluated the Canary Islands (Spain) and three types of floating
offshore renewable energies: offshore wind, wave energy and
hybrid systems. The method created generates economic maps,
which facilitates the election of the best area where install
offshore renewable energy farms in the location selected. In
addition, it also allows to select what is the best marine technology
to be exploited in this area.
Keywords
Floating offshore renewable energy
Hybrid platforms
Canary Islands
Offshore wind
Wave energy
Hybrid platforms
Canary Islands
Offshore wind
Wave energy
Editor version
ISSN
2172-038X