HEY POLITICIANS !!! The levelized cost of floating offshore wind farms – It is a financial disaster.
Last year, I wrote a blog post setting out the financial situation of Hywind, the UK’s first commercial floating offshore windfarm, and indeed the first in the world. It was an ugly tale, with a hugely lossmaking operation kept in the black only by a vast transfer of subsidies. However, Hywind has recently published its second set of financial results since it became fully operational,,, Situated off Peterhead, in what appears to be something of a sweet spot for wind, yadda. yadda, Meanwhile its costs are extraordinarily high. We already knew that its capital cost, at £8.9m/MW. was around three times the that of fixed offshore wind. But its opex costs are also much higher, >click to read<, Also a follow up article: “Clues to the levelised cost of tidal stream” – Yesterday, I set out the levelised cost of floating offshore wind turbines. In this article, I will look at what we know about the levelised cost of tidal stream energy, and show that it is probably even higher. >click to read< 15:32
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