Module "Economics of Offshore Wind Farms"

Economics of Offshore Wind Farms

Most of the factors affecting the costs associated with the different phases of the lifecycle of offshore wind projects are site-specific, complex, interrelated, and dynamic. This situation complicates the decision making process when trying to compare among various alternatives for a given situation.

Systems thinking is an interdisciplinary field focusing on how the interaction of subsystems in complex projects, such as offshore wind farms, affect the overall performance over their lifecycles, including design, development, testing, construction, operation and decommissioning.

Learning outcome:

Students will be able to…

  • financially and strategically model different scenarios, taking most of the variables affecting the lifecycle of offshore wind projects into consideration
  • increase the predictability in the economic effect of a decision on the overall lifecycle of a project
  • provide support in the evaluation of new technologies or in evaluating new methods to speed up harbor and vessel operations
  • determine whether investments make economic sense

More information you can find in our detailled course description.