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) techno-economically 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.