Offshore Wind in the US Gulf of Mexico: Regional Economic Modeling and Site-Specific Analyses

Walter Musial; Philipp Beiter; Jeremy Stefek; George Scott; Donna Heimiller; Tyler Stehly; Suzanne Tegen; Owen Roberts; Tessa Greco; David Keyser

doi:10.2172/1968455

Offshore Wind in the US Gulf of Mexico: Regional Economic Modeling and Site-Specific Analyses

Walter Musial, Philipp Beiter, Jeremy Stefek, George Scott, Donna Heimiller, Tyler Stehly, Suzanne Tegen, Owen Roberts, Tessa Greco, David Keyser

National Renewable Energy Laboratory

Research output: NREL › Technical Report

Abstract

The goal of this study is to assess offshore wind energy resources in the Gulf of Mexico (GOM) and to quantify its technical and economic potential in order to inform Federal and GOM state strategic energy planning over the next decade. The objectives are to: describe site-specific and regional benefits and challenges of deploying offshore wind in the GOM and discuss the current research to mitigate challenges; review and quantify the wind resource capacity and energy potential in the GOM region for each GOM state including state and federal waters, distance from shore, and water depth; perform geospatial regional economic assessments of levelized cost of energy (LCOE), levelized avoided cost of energy (LACE), and net value (Section 3.4.2); evaluate three representative hypothetical locations for site-specific analysis; perform a high-level assessment of local supporting infrastructure availability, including existing services (e.g., fabrication facilities, vessels, ports) and possible grid connection options; assess the regional economic impacts of a 600 megawatt (MW) offshore wind power plant installed at a representative site in the GOM.

Original language	American English
Number of pages	96
DOIs	https://doi.org/10.2172/1968455
State	Published - 2020

Bibliographical note

Prepared for the U.S. Department of the Interior, Bureau of Ocean Energy Management (BOEM) under BOEM Agreement No. M17PG00012 by NREL

NREL Publication Number

NREL/TP-5000-75027

Other Report Number

BOEM 2020-018

Keywords

deployment
energy potential
Gulf of Mexico
levelized avoided cost of energy
levelized cost of energy
net value
offshore wind
wind resource capacity

Access to Document

10.2172/1968455

https://espis.boem.gov/final%20reports/BOEM_2020-018.pdf

Cite this

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title = "Offshore Wind in the US Gulf of Mexico: Regional Economic Modeling and Site-Specific Analyses",

abstract = "The goal of this study is to assess offshore wind energy resources in the Gulf of Mexico (GOM) and to quantify its technical and economic potential in order to inform Federal and GOM state strategic energy planning over the next decade. The objectives are to: describe site-specific and regional benefits and challenges of deploying offshore wind in the GOM and discuss the current research to mitigate challenges; review and quantify the wind resource capacity and energy potential in the GOM region for each GOM state including state and federal waters, distance from shore, and water depth; perform geospatial regional economic assessments of levelized cost of energy (LCOE), levelized avoided cost of energy (LACE), and net value (Section 3.4.2); evaluate three representative hypothetical locations for site-specific analysis; perform a high-level assessment of local supporting infrastructure availability, including existing services (e.g., fabrication facilities, vessels, ports) and possible grid connection options; assess the regional economic impacts of a 600 megawatt (MW) offshore wind power plant installed at a representative site in the GOM.",

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author = "Walter Musial and Philipp Beiter and Jeremy Stefek and George Scott and Donna Heimiller and Tyler Stehly and Suzanne Tegen and Owen Roberts and Tessa Greco and David Keyser",

note = "Prepared for the U.S. Department of the Interior, Bureau of Ocean Energy Management (BOEM) under BOEM Agreement No. M17PG00012 by NREL",

year = "2020",

doi = "10.2172/1968455",

language = "American English",

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AU - Musial, Walter

AU - Beiter, Philipp

AU - Stefek, Jeremy

AU - Scott, George

AU - Heimiller, Donna

AU - Stehly, Tyler

AU - Tegen, Suzanne

AU - Roberts, Owen

AU - Greco, Tessa

AU - Keyser, David

N1 - Prepared for the U.S. Department of the Interior, Bureau of Ocean Energy Management (BOEM) under BOEM Agreement No. M17PG00012 by NREL

PY - 2020

Y1 - 2020

N2 - The goal of this study is to assess offshore wind energy resources in the Gulf of Mexico (GOM) and to quantify its technical and economic potential in order to inform Federal and GOM state strategic energy planning over the next decade. The objectives are to: describe site-specific and regional benefits and challenges of deploying offshore wind in the GOM and discuss the current research to mitigate challenges; review and quantify the wind resource capacity and energy potential in the GOM region for each GOM state including state and federal waters, distance from shore, and water depth; perform geospatial regional economic assessments of levelized cost of energy (LCOE), levelized avoided cost of energy (LACE), and net value (Section 3.4.2); evaluate three representative hypothetical locations for site-specific analysis; perform a high-level assessment of local supporting infrastructure availability, including existing services (e.g., fabrication facilities, vessels, ports) and possible grid connection options; assess the regional economic impacts of a 600 megawatt (MW) offshore wind power plant installed at a representative site in the GOM.

AB - The goal of this study is to assess offshore wind energy resources in the Gulf of Mexico (GOM) and to quantify its technical and economic potential in order to inform Federal and GOM state strategic energy planning over the next decade. The objectives are to: describe site-specific and regional benefits and challenges of deploying offshore wind in the GOM and discuss the current research to mitigate challenges; review and quantify the wind resource capacity and energy potential in the GOM region for each GOM state including state and federal waters, distance from shore, and water depth; perform geospatial regional economic assessments of levelized cost of energy (LCOE), levelized avoided cost of energy (LACE), and net value (Section 3.4.2); evaluate three representative hypothetical locations for site-specific analysis; perform a high-level assessment of local supporting infrastructure availability, including existing services (e.g., fabrication facilities, vessels, ports) and possible grid connection options; assess the regional economic impacts of a 600 megawatt (MW) offshore wind power plant installed at a representative site in the GOM.

KW - deployment

KW - energy potential

KW - Gulf of Mexico

KW - levelized avoided cost of energy

KW - levelized cost of energy

KW - net value

KW - offshore wind

KW - wind resource capacity

U2 - 10.2172/1968455

DO - 10.2172/1968455

M3 - Technical Report

ER -

Offshore Wind in the US Gulf of Mexico: Regional Economic Modeling and Site-Specific Analyses

Abstract

Bibliographical note

NREL Publication Number

Other Report Number

Keywords

Access to Document

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Cite this