Journal
INTERNATIONAL JOURNAL OF ADVANCED MANUFACTURING TECHNOLOGY
Volume 112, Issue 9-10, Pages 2519-2532Publisher
SPRINGER LONDON LTD
DOI: 10.1007/s00170-020-06349-9
Keywords
Offshore wind farms; End-of-life scenarios; Repowering; Decommissioning; Levelized cost of energy; Risk premium; Certainty equivalent
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Offshore wind turbines are designed with a nominal service life of 20 to 25 years; the decision on selecting the most appropriate end-of-life scenario, such as decommissioning, repowering, or service life extension, depends on criteria, techno-economic, and risk assessment. This paper compares repowering and decommissioning through a techno-economic model, showing that full repowering reduces LCoE by nearly 35% compared to partial decommissioning and 36.5% compared to full decommissioning in a hypothetical offshore wind farm scenario.
Offshore wind turbines are normally designed for a nominal service life of 20 to 25 years; however, with a significant number of units approaching the second half of their service life, the discussion on selecting the most appropriate end-of-life scenario becomes ever more relevant. Scenarios to be investigated mainly include decommissioning, repowering, or service life extension, while such decisions depend on a number of criteria which should be taken into account and should ultimately inform a techno-economic and risk assessment. This paper performs an initial comparative assessment between two of these scenarios, repowering and decommissioning, through a purpose developed techno-economic analysis model which calculates relevant key performance indicators. The economic model of risk aversion is further adopted to calculate the certainty equivalent of LCoE (levelized cost of energy) based on each of the examined end-of-life scenarios and a stochastic expansion of the deterministic model. An application to a typical, hypothetical offshore wind farm qualifies the full repowering scenario as the prevailing option, under the assumptions considered, with a lower amount of risk premium (1.136 pound/MWh) and certainty equivalent (69.821 pound/MWh) in comparison to other scenarios, reducing LCoE by nearly 35% compared to partial decommissioning and 36.5% compared to full decommissioning.
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