Levelized Cost of Energy Comparison of Floating Wind Farms With and Without Shared Anchors

As part of the Innovative Deep-Water Mooring Systems for Floating Wind Farms (DeepFarm) R&D project, led by Principle Power Inc., the National Renewable Energy Laboratory (NREL) performed an LCOE analysis to compare the changes in LCOE between floating wind farms with individual anchors versus shared anchors. This report presents a comparative analysis of the LCOE of two different wind farms with different mooring systems: one with taut mooring lines each connected to individual suction pile anchors, and one with taut mooring lines connected to shared anchors. A brief description of the methodology employed to conduct the LCOE comparison is given, including the underlying assumptions. Then, results are presented with a compilation of key findings.