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http://dx.doi.org/10.5370/KIEE.2013.62.11.1520

Study on Cost of Energy(COE) Reduction Scenario of Korean Offshore Wind Power  

Sung, Jin Ki (Office of Offshore Wind Power, Korea Institute of Energy Technology Evaluation and Planning)
Lee, Jong Hoon (Office of Offshore Wind Power, Korea Institute of Energy Technology Evaluation and Planning)
Kang, Kung Suk (KEPCO)
Lee, Tae Jin (Department of Chemical Engineering and Technology, Yeungnam University)
Publication Information
The Transactions of The Korean Institute of Electrical Engineers / v.62, no.11, 2013 , pp. 1520-1527 More about this Journal
Abstract
The purpose of this study is to derive COE reduction targets of offshore wind power in Korea. In addition, innovation factors for achieving the COE reduction targets were derived. Also the COE reduction targets of offshore wind power was to improve that national policy, technology, industry and improving regulations would like to help. The results of this study has been created based on the various assumptions, scenarios and experts' discussions. Currently, offshore wind power generation price is 229.72won/kWh in 2012. According to the study, COE of offshore wind power has been proposed 88.8won/kWh at third scenario by 2030. This result has shown competitiveness with fossil fuel power generation.
Keywords
COE; Cost of energy; Offshore wind power; Capital cost; O&M cost; CAPEX; OPEX; Innovativeness factors; Reduction factors; Reduction scenario;
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