Specification of reliability benchmarks for offshore wind farms

G.W Ault, David Mcmillan

Research output: Chapter in Book/Report/Conference proceedingConference contribution book

Abstract

Future deployment of offshore wind farms is perceived as a logical step in energy supply diversification by policy makers and large utilities. Capital costs are high and for this reason the investment decisions are focused on initial expenditure rather than operational costs, which are assumed to be small in comparison. Nevertheless, significant operational issues have arisen in existing offshore wind farms, highlighting the need for consideration of issues such as reliability and its impact on investment payback period. Hence, the key aim of the work is to establish a set of reliability thresholds which may provide important signals to prospective investors on how technical issues such as reliability and maintenance practice can impact on long-term investment decisions in offshore wind projects: aspects which have been largely ignored by wind farm investors until recently. The studies compare the effect of these aspects with more established key metrics such as capacity factor. Capacity factor is a key variable in wind farm design and extensive studies are employed to ensure yield at the sites will be high enough to merit investment. We argue that operational aspects are equally important in decision-making.
LanguageEnglish
Title of host publicationProceedings of ESREL 2008
Subtitle of host publicationSafety, Reliability and Risk Analysis: Theory, Methods and Applications
Pages2601-2606
Number of pages6
Publication statusPublished - Sep 2008
EventESREL 2008 - Valencia, Spain
Duration: 22 Sep 200825 Sep 2008

Conference

ConferenceESREL 2008
CityValencia, Spain
Period22/09/0825/09/08

Fingerprint

Offshore wind farms
Specifications
Costs
Decision making

Keywords

  • specification
  • reliability benchmarks
  • offshore
  • wind farms

Cite this

Ault, G. W., & Mcmillan, D. (2008). Specification of reliability benchmarks for offshore wind farms. In Proceedings of ESREL 2008: Safety, Reliability and Risk Analysis: Theory, Methods and Applications (pp. 2601-2606)
Ault, G.W ; Mcmillan, David. / Specification of reliability benchmarks for offshore wind farms. Proceedings of ESREL 2008: Safety, Reliability and Risk Analysis: Theory, Methods and Applications. 2008. pp. 2601-2606
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Ault, GW & Mcmillan, D 2008, Specification of reliability benchmarks for offshore wind farms. in Proceedings of ESREL 2008: Safety, Reliability and Risk Analysis: Theory, Methods and Applications. pp. 2601-2606, ESREL 2008, Valencia, Spain, 22/09/08.

Specification of reliability benchmarks for offshore wind farms. / Ault, G.W; Mcmillan, David.

Proceedings of ESREL 2008: Safety, Reliability and Risk Analysis: Theory, Methods and Applications. 2008. p. 2601-2606.

Research output: Chapter in Book/Report/Conference proceedingConference contribution book

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Ault GW, Mcmillan D. Specification of reliability benchmarks for offshore wind farms. In Proceedings of ESREL 2008: Safety, Reliability and Risk Analysis: Theory, Methods and Applications. 2008. p. 2601-2606