Influence of the structural integrity management on the levelized cost of energy of offshore wind: a parametric sensitivity analysis
Keywords:levelized cost of energy, sensitivity analysis, structural integrity management
The levelized cost of energy (LCoE) is an important measure to quantify the macro-economic efficiency of an offshore wind farm and to enable a quantitative comparison with other types of energy production. The costs of the structural integrity management - which is required to ensure an adequate lifetime reliability of the turbine support structures - are part of the operational expenditures of an offshore wind farm. An optimization of the structural integrity management may reduce the operational expenditures and consequently the LCoE. However, the effect of the structural integrity management on the LCoE is hardly known. To investigate this effect, this paper presents a sensitivity analysis of the LCoE of a generic offshore wind farm. The probabilistic models of the parameters influencing the LCoE are based on a literature study including an explicit model for the structural integrity management. The analysis reveals that LCoE may potentially be reduced if an optimization of the structural integrity management enables a service life extension.