The importance of learning for achieving the UK's targets for offshore wind

Patrizio Lecca, Peter G. McGregor, Kim J. Swales, Marie Tamba

Research output: Contribution to journal › Article

4 Citations (Scopus)

Abstract

Using a purpose-built, multi-sectoral energy-economy-environmental model we evaluate the economic and environmental impact of a reduction in the levelized costs of offshore wind energy generation in the UK. Our modelling approach suggests that in order to significantly increase the offshore wind capacity in the UK the required fall in the generation cost should be larger than expected and certainly bigger than that implied by the most recent cost projections developed by the UK Department of Energy and Climate Change (DECC). Potential expansion of the offshore wind sector in the UK crucially depends on the price sensitivity of the energy supply sector and on agent's expectations. Only in our more optimistic scenario do we reach DECC's ambitious challenge of 22 GW offshore wind deployment in 2030 through a constant learning rate alone.
LanguageEnglish
Pages259-268
Number of pages10
JournalEcological Economics
Volume135
Early online date11 Feb 2017
DOIs
Publication statusPublished - 31 May 2017

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learning
cost
energy
economic impact
environmental impact
climate change
modeling
Costs
Energy

Keywords

  • offshore wind capacity
  • energy supply

Cite this

Lecca, Patrizio ; McGregor, Peter G. ; Swales, Kim J. ; Tamba, Marie. / The importance of learning for achieving the UK's targets for offshore wind. In: Ecological Economics. 2017 ; Vol. 135. pp. 259-268.
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Lecca, P, McGregor, PG, Swales, KJ & Tamba, M 2017, 'The importance of learning for achieving the UK's targets for offshore wind' Ecological Economics, vol. 135, pp. 259-268. https://doi.org/10.1016/j.ecolecon.2017.01.021

The importance of learning for achieving the UK's targets for offshore wind. / Lecca, Patrizio; McGregor, Peter G.; Swales, Kim J.; Tamba, Marie.

In: Ecological Economics, Vol. 135, 31.05.2017, p. 259-268.

Research output: Contribution to journal › Article

TY - JOUR

T1 - The importance of learning for achieving the UK's targets for offshore wind

AU - Lecca, Patrizio

AU - McGregor, Peter G.

AU - Swales, Kim J.

AU - Tamba, Marie

PY - 2017/5/31

Y1 - 2017/5/31

N2 - Using a purpose-built, multi-sectoral energy-economy-environmental model we evaluate the economic and environmental impact of a reduction in the levelized costs of offshore wind energy generation in the UK. Our modelling approach suggests that in order to significantly increase the offshore wind capacity in the UK the required fall in the generation cost should be larger than expected and certainly bigger than that implied by the most recent cost projections developed by the UK Department of Energy and Climate Change (DECC). Potential expansion of the offshore wind sector in the UK crucially depends on the price sensitivity of the energy supply sector and on agent's expectations. Only in our more optimistic scenario do we reach DECC's ambitious challenge of 22 GW offshore wind deployment in 2030 through a constant learning rate alone.

AB - Using a purpose-built, multi-sectoral energy-economy-environmental model we evaluate the economic and environmental impact of a reduction in the levelized costs of offshore wind energy generation in the UK. Our modelling approach suggests that in order to significantly increase the offshore wind capacity in the UK the required fall in the generation cost should be larger than expected and certainly bigger than that implied by the most recent cost projections developed by the UK Department of Energy and Climate Change (DECC). Potential expansion of the offshore wind sector in the UK crucially depends on the price sensitivity of the energy supply sector and on agent's expectations. Only in our more optimistic scenario do we reach DECC's ambitious challenge of 22 GW offshore wind deployment in 2030 through a constant learning rate alone.

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KW - energy supply

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Lecca P, McGregor PG, Swales KJ, Tamba M. The importance of learning for achieving the UK's targets for offshore wind. Ecological Economics. 2017 May 31;135:259-268. https://doi.org/10.1016/j.ecolecon.2017.01.021

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