An Assessment of the Economic Potential of Offshore Wind in the United States from 2015 to 2030

Philipp Beiter; Walter Musial; Levi Kilcher; Aaron Smith; Michael Maness

doi:10.2172/1349721

An Assessment of the Economic Potential of Offshore Wind in the United States from 2015 to 2030

Philipp Beiter, Walter Musial, Levi Kilcher, Aaron Smith, Michael Maness

Research output: NREL › Technical Report

Abstract

This study describes an assessment of the spatial variation of levelized cost of energy (LCOE) and levelized avoided cost of energy to understand the economic viability of fixed-bottom and floating offshore wind technologies across major U.S. coastal areas between 2015 and 2030. In particular, this study offers insights into the available offshore wind resource by region at different levels of LCOE and an assessment of the economically viable resource capacity in the United States.

Original language	American English
Number of pages	77
DOIs	https://doi.org/10.2172/1349721
State	Published - 2017

NREL Publication Number

NREL/TP-6A20-67675

Keywords

economic potential
fixed-bottom
floating
LCOE
levelized cost of energy
NREL
offshore wind

Access to Document

10.2172/1349721

https://www.nrel.gov/docs/fy17osti/67675.pdf

Cite this

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title = "An Assessment of the Economic Potential of Offshore Wind in the United States from 2015 to 2030",

abstract = "This study describes an assessment of the spatial variation of levelized cost of energy (LCOE) and levelized avoided cost of energy to understand the economic viability of fixed-bottom and floating offshore wind technologies across major U.S. coastal areas between 2015 and 2030. In particular, this study offers insights into the available offshore wind resource by region at different levels of LCOE and an assessment of the economically viable resource capacity in the United States.",

keywords = "economic potential, fixed-bottom, floating, LCOE, levelized cost of energy, NREL, offshore wind",

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AU - Musial, Walter

AU - Kilcher, Levi

AU - Smith, Aaron

AU - Maness, Michael

PY - 2017

Y1 - 2017

N2 - This study describes an assessment of the spatial variation of levelized cost of energy (LCOE) and levelized avoided cost of energy to understand the economic viability of fixed-bottom and floating offshore wind technologies across major U.S. coastal areas between 2015 and 2030. In particular, this study offers insights into the available offshore wind resource by region at different levels of LCOE and an assessment of the economically viable resource capacity in the United States.

AB - This study describes an assessment of the spatial variation of levelized cost of energy (LCOE) and levelized avoided cost of energy to understand the economic viability of fixed-bottom and floating offshore wind technologies across major U.S. coastal areas between 2015 and 2030. In particular, this study offers insights into the available offshore wind resource by region at different levels of LCOE and an assessment of the economically viable resource capacity in the United States.

KW - economic potential

KW - fixed-bottom

KW - floating

KW - LCOE

KW - levelized cost of energy

KW - NREL

KW - offshore wind

U2 - 10.2172/1349721

DO - 10.2172/1349721

M3 - Technical Report

ER -

An Assessment of the Economic Potential of Offshore Wind in the United States from 2015 to 2030

Abstract

NREL Publication Number

Keywords

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