The economic feasibility of a floating offshore wind energy farm considering different steel prices. The case of study of the Canary Islands

The objective of this work is to calculate the Levelized Cost of Energy (LCOE), Net Present Value (NPV) and the Internal Rate of Return (IRR) of a 700MW floating wind farm located in the Canary Islands. For this, three possible scenarios have been analyzed taking into account the price of steel and each of the economic parameters have been calculated for each of the scenarios, showing that the highest economic variations are related to the IRR and LCOE