11 research outputs found

    Offshore Wind Resource......................................................

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    Operated by the Alliance for Sustainable Energy, LLC Contract No. DE-AC36-08-GO28308NOTICE This report was prepared as an account of work sponsored by an agency of the United States government. Neither the United States government nor any agency thereof, nor any of their employees, makes any warranty, express or implied, or assumes any legal liability or responsibility for the accuracy, completeness, or usefulness of any information, apparatus, product, or process disclosed, or represents that its use would not infringe privately owned rights. Reference herein to any specific commercial product, process, or service by trade name, trademark, manufacturer, or otherwise does not necessarily constitute or imply its endorsement, recommendation, or favoring by the United States government or any agency thereof. The views and opinions of authors expressed herein do not necessarily state or reflect those of the United States government or any agency thereof. Available electronically a

    An Overview of Ocean Renewable Energy Technologies

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    Ocean energy is a term used to describe renewable energy derived from the sea, including ocean wave energy, tidal and open-ocean current energy (sometimes called marine hydrokinetic energy), tidal barrages, offshore wind energy, and ocean thermal and salinity gradient energy. Shallow water offshore wind is a commercial technology (over 1,500 MW capacity installed in Europe). The technologies to convert the other ocean energy resources to electricity, including deepwater offshore wind technology, albeit in their infancies, exist. These technologies are ready for full-scale prototype and early commercialization testing at sea. This paper highlights the technology development status of various energy conversion technologies

    Pricing offshore wind power

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    Offshore wind offers a very large clean power resource, but electricity from the first US offshore wind contracts is costlier than current regional wholesale electricity prices. To better understand the factors that drive these costs, we develop a pro-forma cash flow model to calculate two results: the levelized cost of energy, and the breakeven price required for financial viability. We then determine input values based on our analysis of capital markets and of 35 operating and planned projects in Europe, China, and the United States. The model is run for a range of inputs appropriate to US policies, electricity markets, and capital markets to assess how changes in policy incentives, project inputs, and financial structure affect the breakeven price of offshore wind power. The model and documentation are made publicly available.Wind power Offshore wind power Levelized cost of energy Breakeven price
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