TY - GEN
T1 - Market forecasts, feasibility studies and regulatory framework for offshore wind energy integration
AU - Madariaga, A.
AU - Martínez De Alegría, I.
AU - Martín, J. L.
AU - Eguía, P.
AU - Ceballos, S.
PY - 2011
Y1 - 2011
N2 - This paper gives an overview of several aspects of Offshore Wind Power (OWP) integration. During last year the wind market has exceed forecasts despite of the global crisis, with the offshore market offering very good numbers. Moreover, some projections presented in the paper show that OWP installed during the next five years will probably overcome European Wind Energy Association (EWEA)'s forecasts. Logically, investors of OWP projects demand accurate viability plans, which in turn ask for rigorous cost analysis and revenue forecasts considering the whole life cycle of the installation. However, the electricity price in an open market is expected to show certain volatility in the presence of large amount of Renewable Energy Supplies for Electricity (RESE), which makes governmental supporting schemes essential. The European Commission (EC) has established a new regulatory framework called to play a key role in promoting and sustaining RESE and Member States have specified those support schemes in their National Renewable Energy Action Plans (NREAPs).
AB - This paper gives an overview of several aspects of Offshore Wind Power (OWP) integration. During last year the wind market has exceed forecasts despite of the global crisis, with the offshore market offering very good numbers. Moreover, some projections presented in the paper show that OWP installed during the next five years will probably overcome European Wind Energy Association (EWEA)'s forecasts. Logically, investors of OWP projects demand accurate viability plans, which in turn ask for rigorous cost analysis and revenue forecasts considering the whole life cycle of the installation. However, the electricity price in an open market is expected to show certain volatility in the presence of large amount of Renewable Energy Supplies for Electricity (RESE), which makes governmental supporting schemes essential. The European Commission (EC) has established a new regulatory framework called to play a key role in promoting and sustaining RESE and Member States have specified those support schemes in their National Renewable Energy Action Plans (NREAPs).
UR - http://www.scopus.com/inward/record.url?scp=84863012625&partnerID=8YFLogxK
U2 - 10.1109/IECON.2011.6119817
DO - 10.1109/IECON.2011.6119817
M3 - Conference contribution
AN - SCOPUS:84863012625
SN - 9781612849720
T3 - IECON Proceedings (Industrial Electronics Conference)
SP - 3170
EP - 3175
BT - Proceedings
T2 - 37th Annual Conference of the IEEE Industrial Electronics Society, IECON 2011
Y2 - 7 November 2011 through 10 November 2011
ER -
