Analysis of the economic feasibility of different floating offshore renewable energies in Canary Islands

A. Filgueira Vizoso; X Costoya; D. Cordal-Iglesias; Luigi Piegari; Pietro Tricoli; L. Castro-Santos

doi:10.24084/repqj20.354

Analysis of the economic feasibility of different floating offshore renewable energies in Canary Islands

A. Filgueira Vizoso, X Costoya, D. Cordal-Iglesias, Luigi Piegari, Pietro Tricoli, L. Castro-Santos

Electronic, Electrical and Systems Engineering

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution

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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.

Original language	English
Title of host publication	20th International Conference on Renewable Energies and Power Quality (ICREPQ’22)
Editors	Pérez Donsión
Place of Publication	Vigo (Spain)
Publisher	European Association for the Development of Renewable Energy, Environment and Power Quality
Pages	525-529
Number of pages	5
Volume	20
ISBN (Print)	9788409393077
DOIs	https://doi.org/10.24084/repqj20.354
Publication status	Published - 30 Sept 2022
Event	20th International Conference on Renewable Energy and Power Quality (ICREPQ'22) - Vigo, Spain Duration: 27 Jul 2022 → 29 Jul 2022

Publication series

Name	Renewable energy and power quality journal
Volume	20
ISSN (Electronic)	2172-038X

Conference

Conference	20th International Conference on Renewable Energy and Power Quality (ICREPQ'22)
Abbreviated title	ICREPQ'22
Country/Territory	Spain
City	Vigo
Period	27/07/22 → 29/07/22

Bibliographical note

Funding Information:
This research was partially funded by Project PID2019-105386RA-I00 “Design of a tool for the selection of offshore renewable energy locations and technologies: application to Spanish territorial waters (SEARENEW)”, financed by Ministerio de Ciencia e Innovación—Agencia Estatal de Investigación/10.13039/501100011033.

Publisher Copyright:
© 2022, European Association for the Development of Renewable Energy, Environment and Power Quality (EA4EPQ). All rights reserved.

Keywords

Floating offshore renewable energy
hybrid
platforms
Canary Islands
offshore wind
wave energy
hybrid platforms

ASJC Scopus subject areas

Energy Engineering and Power Technology
Electrical and Electronic Engineering
Renewable Energy, Sustainability and the Environment

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

Access to Document

10.24084/repqj20.354Licence: None: All rights reserved

Cite this

Vizoso, A. F., Costoya, X., Cordal-Iglesias, D., Piegari, L., Tricoli, P., & Castro-Santos, L. (2022). Analysis of the economic feasibility of different floating offshore renewable energies in Canary Islands. In P. Donsión (Ed.), 20th International Conference on Renewable Energies and Power Quality (ICREPQ’22) (Vol. 20, pp. 525-529). Article 354 (Renewable energy and power quality journal; Vol. 20). European Association for the Development of Renewable Energy, Environment and Power Quality. https://doi.org/10.24084/repqj20.354

Vizoso, A. Filgueira ; Costoya, X ; Cordal-Iglesias, D. et al. / Analysis of the economic feasibility of different floating offshore renewable energies in Canary Islands. 20th International Conference on Renewable Energies and Power Quality (ICREPQ’22). editor / Pérez Donsión. Vol. 20 Vigo (Spain) : European Association for the Development of Renewable Energy, Environment and Power Quality, 2022. pp. 525-529 (Renewable energy and power quality journal).

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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. ",

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Vizoso, AF, Costoya, X, Cordal-Iglesias, D, Piegari, L, Tricoli, P & Castro-Santos, L 2022, Analysis of the economic feasibility of different floating offshore renewable energies in Canary Islands. in P Donsión (ed.), 20th International Conference on Renewable Energies and Power Quality (ICREPQ’22). vol. 20, 354, Renewable energy and power quality journal, vol. 20, European Association for the Development of Renewable Energy, Environment and Power Quality, Vigo (Spain), pp. 525-529, 20th International Conference on Renewable Energy and Power Quality (ICREPQ'22), Vigo, Spain, 27/07/22. https://doi.org/10.24084/repqj20.354

Analysis of the economic feasibility of different floating offshore renewable energies in Canary Islands. / Vizoso, A. Filgueira; Costoya, X; Cordal-Iglesias, D. et al.
20th International Conference on Renewable Energies and Power Quality (ICREPQ’22). ed. / Pérez Donsión. Vol. 20 Vigo (Spain): European Association for the Development of Renewable Energy, Environment and Power Quality, 2022. p. 525-529 354 (Renewable energy and power quality journal; Vol. 20).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution

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AU - Vizoso, A. Filgueira

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AU - Piegari, Luigi

AU - Tricoli, Pietro

AU - Castro-Santos, L.

N1 - Funding Information: This research was partially funded by Project PID2019-105386RA-I00 “Design of a tool for the selection of offshore renewable energy locations and technologies: application to Spanish territorial waters (SEARENEW)”, financed by Ministerio de Ciencia e Innovación—Agencia Estatal de Investigación/10.13039/501100011033. Publisher Copyright: © 2022, European Association for the Development of Renewable Energy, Environment and Power Quality (EA4EPQ). All rights reserved.

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N2 - 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.

AB - 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.

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KW - hybrid

KW - platforms

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KW - offshore wind

KW - wave energy

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M3 - Conference contribution

SN - 9788409393077

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T3 - Renewable energy and power quality journal

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BT - 20th International Conference on Renewable Energies and Power Quality (ICREPQ’22)

A2 - Donsión, Pérez

PB - European Association for the Development of Renewable Energy, Environment and Power Quality

CY - Vigo (Spain)

T2 - 20th International Conference on Renewable Energy and Power Quality (ICREPQ'22)

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Vizoso AF, Costoya X, Cordal-Iglesias D, Piegari L, Tricoli P, Castro-Santos L. Analysis of the economic feasibility of different floating offshore renewable energies in Canary Islands. In Donsión P, editor, 20th International Conference on Renewable Energies and Power Quality (ICREPQ’22). Vol. 20. Vigo (Spain): European Association for the Development of Renewable Energy, Environment and Power Quality. 2022. p. 525-529. 354. (Renewable energy and power quality journal). doi: 10.24084/repqj20.354

Analysis of the economic feasibility of different floating offshore renewable energies in Canary Islands

Abstract

Publication series

Conference

Bibliographical note

Keywords

ASJC Scopus subject areas

UN SDGs

Access to Document

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Cite this