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http://dx.doi.org/10.5370/JEET.2012.7.2.157

Economic Considerations Underlying the Adoption of HVDC and HVAC for the Connection of an Offshore Wind Farm in Korea  

Hur, Don (Department of Electrical Engineering, Kwangwoon University)
Publication Information
Journal of Electrical Engineering and Technology / v.7, no.2, 2012 , pp. 157-162 More about this Journal
Abstract
Wind energy is created in mega-sized wind farms situated kilometers off shore. In fact, two possibilities are considered for the transmission system between the offshore wind farm and the onshore grid: high-voltage direct current and high-voltage alternating current. From this point of view, the current paper aims to compare both systems for a 2 GW wind farm situated 80 km from the Point of Common Coupling on an economic basis using a discounted cash flow analysis. A tool is developed in Microsoft Excel to allow for quick insight in the variation of input parameters.
Keywords
Discounted cash flow; Economic analysis; HVAC; HVDC; Offshore wind farm;
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