Posters
Come meet the poster presenters to ask them questions and discuss their work
We would like to invite you to come and see the posters at our upcoming conference. The posters will showcase a diverse range of research topics, and will give delegates an opportunity to engage with the authors and learn more about their work. Whether you are a seasoned researcher or simply curious about the latest developments in your field, we believe that the posters will offer something of interest to everyone. So please join us at the conference and take advantage of this opportunity to learn and engage with your peers in industry and the academic community.
PO088: Business-case assessment of a hybrid offshore wind-solar farm
Nurlia Dewi , Junior Energy Solution Analyst, DMEC
Abstract
Diminishing returns due to lower wind speeds and wind energy cannibalisation are a challenge for offshore wind farms (OWF) in the German North Sea, in particular in dense OWF clusters [1]. Integrating offshore solar PV in a wind farm can contribute to a higher and more stable power output due to resource complementarity [2]. In this study, we investigate the economic feasibility of offshore wind-solar farms. This depends on a number of factors, including the cost of offshore solar PV technology and revenues. In a first step, the cost of offshore solar PV per MW is estimated. Using this, a business case study is performed with DMEC’s multiORE model for a case study in an offshore wind farm in the German North Sea. The modelled farm has a capacity of 300MW wind and 100MW offshore solar PV. Our results show which combinations of solar electricity price and offshore solar PV capital expenditures (CAPEX) result in a positive business case. This study highlights that various factors affect the business case of a retrofitted offshore wind-solar PV farm. Apart from the solar CAPEX values and electricity prices, the remaining lifetime of the offshore wind-solar PV farm plays a decisive role. This highlights the importance of carefully evaluating the cost reduction potential but also risks of cost increase when designing hybrid offshore projects.
No recording available for this poster.
