Techno-economic comparison of renewable energy systems using multi-pole system analysis (MPSA)

Abstract

The recently published method of multi-pole system analysis (MPSA) is used to techno-economically compare two wind-energy converters: offshore wind turbines and the energy ship concept. According to the method, both systems are (i) modeled, (ii) energetically and economically analyzed, (iii) technoeconomically optimized and, finally, (iv) expected uncertainties are calculated and assessed. The results of the method are used to derive the necessary cost reduction of the wind-energy converters to be economically competitive to fossil-fuel-based technologies.