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Beyond LCOE: A multi-criteria evaluation framework for offshore renewable energy projects by María M. Vanegas-Cantarero; Shona Pennock; Tianna Bloise-Thomaz; Henry Jeffrey; Matthew J. Dickson is a Engineering article available to read on EtoBox.

What is Beyond LCOE: A multi-criteria evaluation framework for offshore renewable energy projects about?

The transition to low-carbon energy systems is a complex process that implies radical technological changes, greenhouse gas emission reductions, and benefits to the local economies yet, also significant investment, a need for capacity building, strengthening supply chains and supporting legal frameworks. Consequently, the choice of renewable energy technologies should be based on a comprehensive assessment addressing the different dimensions that are affected. Clean energy technologies are traditionally evaluated on the basis of their techno-economic performance. Such an approach penalises emerging energy technologies that are generally more capital-intensive given their innovation requirement and the lack of support mechanisms facilitating their industrial roll-out. In this paper, a multi-criteria evaluation framework is proposed encompassing three important broad dimensions: techno-economics, environment and socio-economics. The applicability and flexibility of the proposed evaluation framework are demonstrated on different case studies. First, the hypothetical deployment of a floating offshore wind farm both in Scotland and Portugal is evaluated. Later, the proposed framework is

Who reads Beyond LCOE: A multi-criteria evaluation framework for offshore renewable energy projects?

Author

María M. Vanegas-Cantarero; Shona Pennock; Tianna Bloise-Thomaz; Henry Jeffrey; Matthew J. Dickson

Publisher

Elsevier BV

Published

2022

Language

EN

Field

Engineering (Physical Sciences)