Integrated Optimization and Cost Analysis of an Innovative Offshore Wind Plant Design for Shallow and Transitional Water Depths
CX(s) Applied: A9
Offices(s): Golden Field Office
DOE proposes to provide funding to Virginia Electric and Power Company to conduct cost of energy analyses for offshore wind project cost reduction innovations. The project goal is to model a 25 percent decrease in the levelized cost of energy (LCOE). Innovation areas that would be modeled to determine LCOE reductions include turbine, foundation and installation, and electrical systems. Information on site specific conditions from at least two dozen offshore locations would be obtained from existing data sources for use in computer models.