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Offshore wind farms are great options for addressing the world's energy and climate change challenges, as well as meeting rising energy demand while taking environmental and economic impacts into account. Floating wind turbines, in specific, depict the next horizon in the sustainable renewable energy industry. In this study, a life-cycle cost analysis for floating offshore wind turbines is developed by combining the most recent data and parametric formulas from databases and relevant papers. The cost analysis models focused on cost minimization with special emphasis on Operation and Maintenance Cost (OPEX), Decommissioning Cost (DECOM), and Levelized Cost of Energy (LCOE), which are important factors in wind power economy. Given that floating wind energy is still developing, the presented scenarios should be beneficial in making future decisions. The cost analysis scenarios include on-site and off-site maintenance scenarios for OPEX. In addition, four alternative scenarios for DECOM have been examined: mechanical recycling, mechanical-incineration, incineration processes, and landfill. According to the findings of these scenarios, OPEX varies from 16.89 to 19.93 £/MWh and DECOM between 3.47 and 3.65 £/MWh, whilst the total LCOE varied from 50.67 to 66.73 £/MWh. [ABSTRACT FROM AUTHOR]

The constantly growing demand for energy, the need to ensure the security of its supply, and the progressing climate changes related to the emission of carbon dioxide and other pollutants have caused, in recent years, an increase in interest in offshore wind energy. This paper presents all the work that needs to be done to build a wind farm in the Baltic Sea. The work focuses on the description of the equipment and the necessary tests to perform in order to analyze the obtained data. The data will allow for unambiguous interpretation and the selection of a convenient location for the construction of a wind farm. The final product of the work is a cost estimate, in which the costs of undertaking such an undertaking are shown. [ABSTRACT FROM AUTHOR]

In recent years, the demand and requirement for renewable energy have significantly increased due to concerns regarding energy security and the climate crisis. This has led to a significant focus on wind power generation. As the deployment of wind turbines continues to rise, there is a growing need to assess their lifespan and improve their stability. Access to accurate load data is crucial for enhancing safety and conducting remaining life assessments of wind turbines. However, maintaining and ensuring the reliability of measurement systems for long-term load data accumulation, stability assessments, and residual life evaluations can be challenging. As a result, numerous studies have been conducted on load prediction for wind turbines. However, existing load prediction models based on 10 min statistical data cannot adequately capture the short-term load variations experienced by wind turbines. Therefore, it is essential to develop models capable of predicting load with a high temporal resolution to enhance reliability, especially with the increasing scale and development of floating wind turbines. In this paper, we developed prediction models with a 50 Hz resolution for the bending strain at the tower bottom of offshore wind turbines by combining SCADA data and acceleration data using machine learning techniques and analyzed the results. The load prediction models demonstrated high accuracy, with a mean absolute percentage error below 4%. [ABSTRACT FROM AUTHOR]

One of the most crucial solutions to the issues of climate change and global warming is clean energy. However, creating intelligent, resilient, and sustainable systems is a worldwide problem, particularly for grid-connected Renewable Energy Systems (RES). Therefore, it is important to investigate how prospective changes in electricity pricing, renewable energy sources, and load demand could affect system performance during the projects. This paper presents a techno-economic analysis of a grid-connected wind energy system located in the Al-Jouf region in Saudi Arabia. To this end, the potential of renewable energy sources was assessed using Hybrid Optimization of Multiple Electric Renewables (HOMER) software, that also carried out the technical and economic study utilizing multi-year parameters. The novelty of this study is that it is the first-ever investigation of a grid-connected wind farm system in Saudi Arabia that considers the impact of multi-year parameters such as the grid price, system fixed operation, maintenance cost, and the AC electric load. The results showed that the proposed system in the chosen area recorded a very low Levelized Cost of Energy (LCOE) of around 0.06 USD/kWh compared to other systems. Also, running a multi-year model showed that the considered parameters have an impact on the system's performance, and this reflects the importance of considering these parameters in any such system that will increase the study's accuracy. [ABSTRACT FROM AUTHOR]

This paper aims to study the current regulation and governance of wind energy turbines on the high seas and detect regulatory challenges. We focus on the existing regulatory framework to develop marine wind farms in areas beyond national jurisdiction (ABNJ), the nature of wind farms and wind turbines in said areas, and which governance schemes and institutions ought to coordinate and regulate any future marine wind energy development. Our research shows that under public international law, the deployment of wind turbines on (most parts of) the high seas for all States is possible, but many issues still remain, either thinly regulated or unanswered. We inquire where, by whom, and how can marine wind parks be built on the high seas according to public international law and the United Nations Convention on the Law of the Sea (the LOSC). Lastly, we evaluate the possible role of marine spatial planning (MSP) in developing wind energy on the high seas. [ABSTRACT FROM AUTHOR]

Currently, the world is moving rapidly toward carbon neutrality, and renewable energy technology is very important in carbon neutrality. Among various renewable energy technologies, wind power is attracting much attention due to its sustainability, resource abundance, and high applicability. This study analyzed wind power patents from 2010 to 2021 to derive current global originality and convergence information. For IP5 countries, the growth stages of technology and the patent convergence networks were inferred by time series analysis and an association rule mining algorithm, respectively. The results showed that, during the analysis period, about 5000 patents were applied on annual average, and it was analyzed that China held the most patents at 48%, followed by the US, Europe, Korea, and Japan. According to the technology convergence network of patent codes from all the IP5 countries, patents related to 'wind turbines with rotation axes in the wind direction' occupied a very central position, and 'power conversion electric or electronic aspects' and 'integration of patents related to renewable energy sources in buildings with wind power' were found to show high connection strength. By country, it was analyzed that the US and China showed high patent competitiveness onshore and possessed many 'independent power conversion cluster' technologies. The research hypothesis was that technology development trends can be analyzed and the characteristics of each country can be understood through patent analysis in the wind power field. This hypothesis was analyzed through various patent analysis techniques, and this paper has novelty in that it presents the global megatrend in the wind power field through patent analysis and quantitatively presents the current status of technology development in five major countries. [ABSTRACT FROM AUTHOR]

Wind power has been increasing its participation in electricity markets in many countries around the world. Due to its economical and environmental benefits, wind power generation is one of the most powerful technologies to deal with global warming and climate change. However, as wind power grows, uncertainty in power supply increases due to wind intermittence. In this context, accurate wind power scenarios are needed to guide decision-making in power systems. In this paper, a novel methodology to generate realistic wind power scenarios for the long term is proposed. Unlike most of the literature that tackles this problem, this paper is focused on the generation of realistic wind power production scenarios in the long term. Moreover, spatial-temporal dependencies in multi-area markets have been considered. The results show that capturing the dependencies at the monthly level could improve the quality of scenarios at different time scales. In addition, an evaluation at different time scales is needed to select the best approach in terms of the distribution functions of the generated scenarios. To evaluate the proposed methodology, several tests have been made using real data of wind power generation for Spain, Portugal and France. [ABSTRACT FROM AUTHOR]

This paper discusses a structural property for a power system to continue a safe operation under power fluctuation caused by fluctuating power sources and loads. Concerns over global climate change and gas emissions have motivated development and integration of renewable energy sources such as wind and solar to fulfill power demand. The energy generated from these sources exhibits fluctuations and uncertainty which is uncontrollable. In addition, the power fluctuations caused by power loads also have the same consequences on power system. To mitigate the effects of uncontrollable power fluctuations, a power flow control is presented which allocates power levels for controllable power sources and loads and connections between power devices. One basic function for the power flow control is to balance the generated power with the power demand. However, due to the structural limitations, i.e., the power level limitations of controllable sources and loads and the limitation of power flow channels, the power balance may not be achieved. This paper proposes two theorems about the structural conditions for a power system to have a feasible solution which achieves the power balance between power sources and power loads. The discussions in this paper will provide a solid theoretical background for designing a power flow system which proves robustness against fluctuations caused by fluctuating power devices. [ABSTRACT FROM AUTHOR]

Wind power is becoming an increasingly attractive method of electric power generation due to concerns with global climate change, increasing uncertainty of future oil supplies, and energy security. While most large-scale wind turbines are part of wind farms, which help states meet state renewable energy standards, several colleges and universities in the United States have purchased wind turbines for financial and educational purposes. This paper gives details of a cost-benefit analysis completed for a small liberal arts college in Illinois, Principia College, which is considering buying a single large-scale turbine. The process set forth here can easily be adapted to any college, university, or school. It is found that the project has a positive net present value for both a 20-year scenario and a 30-year scenario. Assuming the project did not receive any grants, Principia College would need to have an annual real return rate of about 6% on its initial investment to gain the same economic benefits. [ABSTRACT FROM AUTHOR]

Green bonds have increasingly been utilized around the world as a source of financing for renewable energy development, designed with compliance requirements and measurable economic returns to investors, while mitigating climate change. However, the efficacy of green bond arranged in the emerging economies for financing renewable energy assets and how the underlying risks are managed have remained to be explored. The paper aims to examine the evolving green financial system sponsored by both public and private institutions in managing such risks within China's emerging economy. A case study of green financing for a bundle of wind power assets led by a state-owned enterprise (SOE) reveals an alternative approach by structuring public–private collaboration while stipulating market-based financial incentives to institutional stakeholders under a political economy. This institutional consortium is composed of a state development bank, a commercial bank, credit rating agencies, institutional and private investors, regional power purchasers, and carbon trading entities. Financial stakeholders' risk in such emerging sustainable investment is moderated by these participating institutions and structured "upsides" from carbon trading aligned with the framework of green finance and standards for green bond development. The results reveal the potentials of scaling up the development of renewable energy by adequately managing and sharing key risks, while allocating substantial funding into renewable energy projects under such a green financial system that is to be complementary with a scalable post COVID-19 economic recovery. [ABSTRACT FROM AUTHOR]

Wind power, as a renewable energy for coping with global climate change challenge, has achieved rapid development in recent years. The breakdown of wind turbines (WTs) not only leads to high repair expenses but also may threaten the stability of the whole power grid. How to reduce the operation and the maintenance (O&M) cost of wind farms is an obstacle to its further promotion and application. To provide reliable condition monitoring and fault diagnosis (CMFD) for WTs, this paper presents a comprehensive survey of the existing CMFD methods in the following three aspects: energy flow, information flow, and integrated O&M system. Energy flow mainly analyzes the characteristics of each component from the angle of energy conversion of WTs. Information flow is the carrier of fault and control information of WT. At the end of this paper, an integrated WT O&M system based on electrical signals is proposed. [ABSTRACT FROM AUTHOR]