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This paper presents an overview of the main issues associated with the economics of offshore wind. Investment in offshore wind systems has been growing rapidly throughout Europe, and the technology will be essential in meeting EU targets for renewable energy in 2020. Offshore wind suffers from high installation and connection costs, however, making government support essential. We review various support policies used in Europe, concluding that tender-based feed-in tariff schemes, as used in Denmark, may be best for providing adequate support while minimising developers' rents. It may prove economic to build an international offshore grid connecting wind farms belonging to different countries that are sited close...
This paper presents an overview of the main issues associated with the economics of offshore wind. Investment in offshore wind systems has been growing rapidly throughout Europe, and the technology will be essential in meeting EU targets for renewable energy in 2020. Offshore wind suffers from high installation and connection costs, however, making government support essential. We review various support policies used in Europe, concluding that tender-based feed-in tariff schemes, as used in Denmark, may be best for providing adequate support while minimising developers' rents. It may prove economic to build an international offshore grid connecting wind farms belonging to different countries that are sited close...
This paper deals with a novel approach to study renewable energy options for buildings to make them more efficient, more cost effective, more environmentally benign, and more technologically attractive. To demonstrate the application of this study, four buildings are chosen as case studies with two from the residential sector, one commercial/institutional building, and one industrial building. A ground source heat pump for heating and cooling, a solar water heater for space heating and/or hot water, and a photovoltaic panel to generate electricity are designed for these case studies. Attempt is made to design projects under hybrid systems combined from two technologies are developed for the above-mentioned four...