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    Cost Benefit Analysis of Offshore Wind Energy

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Project: Cost Benefit Analysis of Government Support Options for Offshore Wind Energy
Client: Sustainable Energy Ireland
Sectors: Government & State Agencies, Energy
Location: Ireland

Byrne Ó Cléirigh were appointed by Sustainable Energy Ireland to conduct a comparative assessment of the costs and benefits to the State of a number of support options for Offshore Wind Energy in Irish waters.

Offshore Wind Energy is conceptually similar to the land based equivalent but it is less well developed. At the end of 2001, there were eight projects installed worldwide with a combined installed capacity of approximately 80 MW. Ireland has a huge OWE resource, including a significant resource in relatively shallow waters close to the electrical network and to load centres. However, there are a number of important technical barriers to the full exploitation of this resource. At the time, there were no developments in Irish waters but several consortia had proposed to develop projects with a combined installed capacity in excess of 2,000 MW. Most were located on the shallow water banks off the East Coast.  Since then, 25 MW of capacity has been installed on the Arklow Bank.

The objective of the study was to assist the Irish Government and its advisors in deciding on the viability of committing State resources to supporting the development of Offshore Wind Energy through a research and development programme, a demonstration programme and / or a full scale deployment programme.

BÓC were requested by Sustainable Energy Ireland to focus primarily on the demonstration programme support option and to assess the costs and benefits associated with demonstration projects of three indicative scales, viz.: ~5 MW, ~20 MW and ~50 MW.

Our final report is available to
download from the SEI website. This is not the only project in the Offshore Wind Sector that Byrne Ó Cléirigh have completed. Click here to read about our assessment of the environmental impacts of Offshore Wind Energy.

 

 

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