Offshore Wind for Taiwan

Subtitle:  Offshore Wind Reaches Lift-Off Point of 10 cents

"Project costs of the two offshore wind farms (German company) wpd will build in Taiwan amount to EUR 4 billion, according to the latest news from the company. . ."  see link 

Offshore Wind Turbine (center)
with jack-up ship performing installation (at right)

This is interesting because the project cost (€4 billion) and size (1,058 MW installed) give an electricity sales price of US 8-12 cents per kWh, depending on the capacity factor, CF, (actual divided by maximum output).  At 50 percent CF, and a 10 year simple payout, 10 cents per kWh sold is required.   Fifty percent CF is easily achieved offshore, in the strong and steady winds that exist offshore.  

That 10 cent price meets the goal stated at the OTC wind sessions a few weeks ago.   Ten cents is the lift-off point at which offshore wind projects need no subsidy and are built as fast as the manufacturers can produce the components.  

Roger E. Sowell, Esq.

Houston, Texas
copyright (c) 2018 by Roger Sowell - all rights reserved

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