Site selection of offshore wind farms around the Korean Peninsula through economic evaluation |
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| Affiliation: | 1. Department of Civil Engineering, Aristotle University of Thessaloniki, Thessaloniki 54124, Greece;2. Department of Spatial Planning and Development, Aristotle University of Thessaloniki, Thessaloniki 54124, Greece;1. School of Engineering, Computer and Mathematical Sciences, Auckland University of Technology (AUT), Auckland, New Zealand;2. Department of Business Information Systems, Auckland University of Technology (AUT), Auckland, New Zealand;1. Institute for Energy Systems, School of Engineering, The University of Edinburgh, The King''s Buildings, Mayfield Road, Edinburgh EH9 3JL, UK;2. University of Athens, Department of Physics, Atmospheric Modeling and Weather Forecasting Group, University Campus, Bldg. PHYS-V, Athens 15784, Greece;3. Hellenic Naval Academy, Section of Mathematics, Hatzikiriakion, Piraeus 18539, Greece;1. North China Electric Power University, Beijing, China;2. Ecological Research Institute of Shandong Academy of Sciences, China;1. Intelligent Transport Systems Research Center (ITSC), Wuhan University of Technology, Wuhan, 430063, China;2. Department of Logistics and Maritime Studies, Hong Kong Polytechnic University, Hung Hom, Kowloon, Hong Kong;3. National Engineering Research Center for Water Transport Safety (WTSC), Wuhan University of Technology, Wuhan, China;1. Department of Electrical Engineering, Behbahan Branch, Islamic Azad University, Behbahan, Iran;2. Department of Mechanical Engineering, Behbahan Branch, Islamic Azad University, Behbahan, Iran |
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| Abstract: | We have conducted a feasibility study on the development of offshore wind farms around the Korean Peninsula as part of the national plan. This study deals with the selection of the optimal site for an offshore wind farm. We set rating indices in order to select an optimal site of the candidate coasts, which include the expected B/C (benefit to cost) ratio, the possible installation capacity of the wind farm, the convenience of grid connection, and so on, for each candidate site. The expected B/C ratio is described as the benefit from the annual energy production compared to the costs that correspond to the construction of the turbine foundation, and the grid connection between the offshore wind farm and the substation on land. It can be found from the evaluation that the construction costs associated with the substructure and grid connection are crucial in determining the location of the first offshore wind farm in Korea. Consequently, we could select a top site among the candidate sites to be implemented as the first national project of offshore wind farm development. |
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