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Cost Drivers and Technical Hurdles

  • Rahmatallah Poudineh
  • Craig Brown
  • Benjamin Foley
Chapter

Abstract

Understanding the specific cost drivers of offshore wind helps to devise effective strategies to lower or remove the barriers to viability and the progress of this industry. This is specifically important given that offshore wind historically has had a higher cost compared to other renewables such as onshore wind. This can be attributed largely to the nature of working in the harsh marine environment, which entails increased risk for projects and assets, and, moreover, demands more performance from those assets as compared to their onshore counterparts. This chapter explores the various cost drivers and technical hurdles of the offshore wind technology.

Keywords

Technical hurdles Cost drivers Supply chain European offshore wind market North American offshore wind market East Asian offshore wind market 

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Copyright information

© The Author(s) 2017

Authors and Affiliations

  • Rahmatallah Poudineh
    • 1
  • Craig Brown
    • 1
  • Benjamin Foley
    • 2
  1. 1.The Oxford Institute for Energy StudiesOxfordUK
  2. 2.Keystone Engineering Inc.New OrleansUSA

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