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At least 19 records

Wind Energy Costs in Puerto Rico Through 2035

In 2019, Puerto Rico codified into law a 100% renewable electricity by 2050 target. Decision makers there need information about the costs and performance of wind energy technologies to incorporate into planning efforts for the future grid. After consulting with key technical stakeholders and accounting for unique conditions in Puerto Rico like increased hurricane risks, we customize NREL's Renewable Energy Potential model to calculate how capital expenditures, operational expenditures, net annual energy generation, and levelized cost of energy (LCOE) vary in time and space for wind energy projects around Puerto Rico. Wind turbines can add value by providing grid services through grid-forming inverters and complement solar energy generation with evening and nighttime electricity production, especially offshore. By 2035, we expect average costs of land-based and offshore wind energy in Puerto Rico to reach $\$$69/MWh (6.9 cents/kWh) and $\$$100/MWh (10 cents/kWh), respectively. While these projections do not include transmission system upgrade costs, they do suggest that low-cost, clean electricity is possible for Puerto Rico.

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Assess Floating Offshore Wind Energy Costs and Performance - FLOWIN Voucher: Cooperative Research and Development Final Report, CRADA Number CRD-23-23792

In support of the FLOWIN Phase One Winner Voucher Utilization, NREL will assist with assessing floating offshore wind energy installation logistics and costs for several sites using the floating substructure design developed by the University of Maine. This will help inform understanding of floating offshore wind energy technology cost drivers.

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2022 Cost of Wind Energy Review [Slides]

The 12th annual Cost of Wind Energy Review, now presented in slide deck format, uses representative utility-scale and distributed wind energy projects to estimate the levelized cost of energy (LCOE) for land-based and offshore wind power plants in the United States.

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A Systematic Framework for Projecting the Future Cost of Offshore Wind Energy

Offshore wind costs are expected to decline rapidly in the short and medium term future as the industry grows and gains experience in manufacturing, installing, and operating commercial scale projects. Estimating the future costs of offshore wind energy is critical for evaluating the technology's economic performance, how it can fit into a broader clean energy economy, and how R&D investment can be allocated to advance the technology. We present a newly developed approach for forecasting these costs which focuses on an empirically-derived learning rate for capital costs and prescribed cost and performance improvements for operational costs and capacity factor. We establish baseline costs for a series of reference fixed-bottom and floating projects in 2021 and project cost trajectories to 2035, presenting both an average cost trajectory as well as describing the range of potential future costs associated with site-specific cost variations and uncertainty in the estimate of the learning rate. We also conduct sensitivity analyses showing the impact of different global deployments by 2035 and variations in the prescribed operational costs and capacity factors. The results show that fixed-bottom and floating offshore wind capital costs could decrease to around $\$$2,400/kW and $\$$3,300/kW by 2035, respectively, with ranges of $\$$2,100/kW - $\$$2,750/kW for fixed-bottom projects and $\$$2,850/kW - $\$$5,500/kW for floating projects. The levelized cost of energy of fixed-bottom and floating wind projects could decrease to $\$$53.1/MWh and $\$$63.9/MWh by 2035, with ranges of $\$$48.4/MWh - $\$$59.7/MWh for fixed-bottom projects and $\$$46.5/MWh - $\$$99.9/MWh for floating projects. By presenting the uncertainty associated with the forecast we provide a transparent description of the spectrum of potential cost trajectories for offshore wind.

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2021 Cost of Wind Energy Review [Slides]

This analysis uses representative utility-scale and distributed wind energy projects to estimate the levelized cost of energy (LCOE) for land-based, offshore, and distributed wind power in the United States. Data and results detailed here are derived from 2021 commissioned plants and representative industry data as well as state-of-the-art modeling capabilities. Modeling is conducted to provide more granular detail on specific cost categories. This study represents the 11th annual installment and is intended to provide insight into current component-level costs as well as a basis for understanding variability in wind energy LCOE across the country.

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Future Wind Energy Resources and Cost Uncertainties Across the United States

This dataset contains results estimating projections of change of annual capacity factors and levelized cost of energy for several turbine technologies in the 2024 Annual Technology Baseline (ATB). Projections of change are based on downscaled earth system model (ESM) data from Sup3rCC. There has been evidence of reductions in average wind speeds over land in North America since the 1980s, and several models project that average wind speeds will continue to decrease. Concurrently, the cost of wind energy systems in the United States has been decreasing since around 2010, a trend also projected to continue. There is considerable uncertainty in these future projections, with quantitative estimates of future wind resource and system costs varying widely. To study this, we run land-based wind energy models with a range of possible future system costs, turbine designs, and meteorological inputs from multiple downscaled earth system models over the contiguous United States to estimate critical system performance metrics such as annual energy production (AEP) and levelized cost of energy. Where multiple earth system models agree, changes in mean AEP from the time period 2000-2019 to 2040-2059 can be as high as +10% in South Texas or as low as -20% in Iowa. Several additional states in the Midwest that currently have considerable wind generation capacity show the possibility of substantial decreases in AEP by mid-century. Larger turbines and moderate reductions in system costs can offset even the largest projected decreases in wind resource, but much uncertainty remains in the extent to which wind resources will actually change into the future and to what extent wind energy systems can drive down future costs. An analysis of variance shows, in several states in the Midwest, the uncertainty in future wind resource can be almost as important for future changes in the cost of wind energy as the uncertainty in future system costs.

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Cost of Wind Energy Review: 2024 Edition [Slides]

The primary elements of this analysis include: Estimated LCOE for (1) a representative land-based wind energy project installed in a moderate wind resource in the United States, (2) a representative fixed-bottom offshore wind energy project installed in the U.S. North Atlantic, and (3) a representative floating offshore wind energy project installed off the U.S. Pacific Coast. It also updates the LCOE estimates for representative residential-, commercial-, and large-scale distributed wind projects installed in a moderate wind resource in the United States. A sensitivity analyses is included that shows the range of effects that basic LCOE variables could have on the cost of wind energy for land-based and offshore wind projects and provides updated Fiscal Year 2024 values for land-based and offshore wind energy used for Government Performance and Results Act (GPRA) reporting and illustrated progress toward established GPRA targets.

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An Analysis of Future Wind Energy Resources and Cost Uncertainties Across the United States

Wind power is a growing source of energy generation that relies on complex global atmospheric and earth system processes. There has been evidence of reductions in average wind speeds over land in North America since the 1980s, and several models project that average wind speeds will continue to decrease. Concurrently, the cost of wind energy systems in the United States has been decreasing since around 2010, a trend also projected to continue. There is considerable uncertainty in these future projections, with quantitative estimates of future wind resource and system costs varying widely. To study this, we run wind energy models with possible future system costs, turbine designs, and meteorological inputs from multiple downscaled earth system models over the contiguous United States. Changes in mean annual energy production from 2000-2019 to 2040-2059 can be as high as +10% in South Texas or as low as -20% in Iowa. Larger turbines and moderate reductions in system costs can offset the largest projected decreases in wind resource, but much uncertainty remains in the extent to which wind resources will change and to what extent system costs can be reduced. An analysis of variance shows, in several states in the Midwest, uncertainty in future wind resources can influence the cost of wind energy nearly as much as uncertainty in future system costs.

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AWAKEN

The American WAKE experimeNt (AWAKEN) is a landmark collaborative international wake observation and validation campaign. Wake interactions are among the least understood and most impactful physical interactions in wind plants today, leading to unexpected power losses and increased operations and maintenance costs. The AWAKEN campaign is designed to gather observational data to address the most pressing science questions about wind turbine wake interactions and aerodynamics and to further understand wake behavior and validate wind plant models. Simultaneously, the AWAKEN campaign will also focus on testing of wind farm control strategies that have been shown to increase wind plant power production. Leveraging the expertise and resources of a large body of National Laboratories, academic institutions, and industry partners will lead to improved wind farm layout with greater power production and improved reliability, ultimately leading to lower wind energy costs.

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The Cost of Offshore Wind Energy in the United States From 2025 to 2050

This study presents estimates of the levelized cost of energy (LCOE) of offshore wind energy throughout major U.S. coastal regions between a time frame of 2025 - 2050. The LCOE modeling accounts for impacts of supply chain shocks, inflation, and rising interest rates on cost. Given the near-term uncertainty in these factors, we present three possible scenarios driven by how uncertainty in costs, technology, and deployment may evolve over time. The cost increases reported by industry in recent years will likely be felt over next several years, but we expect long-term cost reductions enabled by growing offshore wind deployment and industry learning. This study helps inform decision-makers about the potential role that offshore wind energy can play in future clean energy strategies.

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Understanding Costs Associated with Wind Energy Opposition and Stakeholder Engagement

Wind energy social science research historically focused on the social acceptance of wind energy development. Research in this field is robust, and scholars have identified drivers influencing attitudes and acceptance. The criteria defining the opposition of wind energy, and their costs, although related, are less well understood. This gap in research includes the costs of delayed and failed projects to communities and developers. The International Energy Agency (IEA) Wind Task 28 - The Social Science of Wind Energy Acceptance outlined a work package to help answer that question. The first deliverable for IEA Wind Task 28, Work Package 2, was an annotated bibliography that identified key pieces of literature that quantify the costs of opposition to wind projects. Although there is a robust wind social acceptance literature, our efforts highlighted that there has been little research directly quantifying the cost of opposition, engagement, delays, and failures. To directly summarize the appropriate literature and provide context for potential future work, the literature review ranged from directly relevant articles to works providing context and valuable information for our research objective in the future. This associated deliverable, a briefing document summarizing the outcomes of our literature search, is meant to guide future research on opposition to wind energy for IEA Task 28 and beyond.

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IEA Wind TCP Task 26: Wind Technology, Cost, and Performance Trends for Denmark, Germany, Ireland, Japan, Norway, Sweden, the European Union, and the United States 2016-2019

The Cost of Wind Energy represents an international collaboration dedicated to exploring the historical and future cost of wind energy in addition to the investigating the market value wind energy may provide. The countries that are currently represented by participating organizations in IEA Wind TCP Task 26 included in this report are Denmark, Germany, Ireland, Japan, Norway, Sweden, the European Union, and the United States. This manuscript documents technology and cost trends from 2008 through 2019 and discusses the trends from 2016 through 2019 that affected the cost of land-based wind energy within each country. The cost of wind energy during this period is compared with the market value of wind energy in the respective electricity market for each country.

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Review of Feasibility and Cost Drivers for Floating Offshore Wind Energy in Washington State

The state of Washington must double its clean electricity supply by 2050 to meet its clean energy goals and comply with the Clean Energy Transformation Act. With more than 6.6 GW of technical resource potential in federal waters where Bureau of Ocean Energy Management has leasing authority, offshore wind energy could play an important role in diversifying Washington State's clean energy mix, reducing dependence on out-of-state energy sources, and helping meet state decarbonization goals. Decision makers need technology-specific information to assist with long-term energy system planning, so the Bureau of Ocean Energy Management requested that the National Renewable Energy Laboratory provide an overview of several drivers of offshore wind energy feasibility and cost in Washington. This study summarizes some of the existing engagement efforts and perspectives on offshore wind energy in the region and quantifies the offshore wind resources in Washington as well as technology costs and performance of potential projects. Furthermore, this report reviews existing grid and port infrastructure and discusses infrastructure needs along with information gaps. This study also explores opportunities and barriers to Washington entities supporting the broader floating offshore wind energy supply chain along the U.S. West Coast. Note that this study is not part of a formal project planning process or official engagement effort, nor does it assess environmental or economic impacts from potential offshore wind energy development.

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Wind Turbine Rotor Design Using High-Fidelity Aerostructural Optimization

Large wind turbines yield more energy but demand careful aeroelastic blade design. Coupled multiphysics design strategies can reduce wind energy costs by exploiting fluid-structure interactions. This work presents the first high-fidelity aerostructural optimization study of a large wind turbine rotor. We use blade-resolved fluid dynamics and structural solvers in a monolithic gradient-based optimization framework to explore steady-state torque and blade mass tradeoffs. The coupled-adjoint approach computes gradients efficiently, enabling the optimization of over 100 structural and geometric parameters simultaneously. Our optimization study modifies a DTU 10 MW benchmark with a simplified structure and isotropic material properties. The tightly coupled optimizations increase torque by 14% while reducing rotor mass by 9% or reduce blade mass by 27% while maintaining torque. Blade-resolved models provide greater design freedom, enabling 5% higher mass reductions than conventional parameterizations at equal torque. This framework paves the way for more detailed high-fidelity optimization studies to complement conventional design approaches.

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Wind Turbine Maintenance Costs: Assessing the Potential of Gear Oil Improvements

Wind turbine operations & maintenance (O&M) costs constitute a sizable portion of total energy cost for wind power. There are many components in a utility-scale wind turbine that need to be lubricated with either oil or grease. This study uses gearbox oil as an example and assesses how lubricant technology improvements may impact wind turbine power production and levelized cost of energy. Using the modeling tools (i.e., WOMBAT, reV, and SAM) developed at National Renewable Energy Laboratory and lubrication oil technology scenarios defined based on inputs provided by ExxonMobil and industry stakeholders, we quantify the potential for increasing energy production and reducing maintenance costs across the current and future U.S. fleet of wind turbines as a result of improvements in lubrication technologies. The modeled improvements reduce the median levelized cost of energy by 1-2% across the U.S. fleet. Cumulative saving from gear oil technology improvements in 2050 for U.S. fleet is estimated to be approximately $6 billion. Extending the lubricant replacement interval has a larger impact on total cost and energy production than reducing lubricant cost.

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Exploring the Impact of Near-Term Innovations on the Technical Potential of Land-Based Wind Energy

Land based wind may play a critical role in reaching emissions reductions goals and high renewable contribution scenarios with capacity expansion modeling results estimating over 1 terawatt of land-based wind by 2035 to reach 100% clean electricity. Deployment of land-based wind at this magnitude may require significant investments in transmission infrastructure and will require significant land area for new wind and transmission. Cost reductions via technological advancements in wind turbine design, construction, and maintenance will have a major role in enabling the scale of deployment required. Since 1998, the levelized cost of wind energy has fallen by over 60% due to improvements in capacity factors, advancements in turbine controls, and cost reductions in installation, operation, and maintenance. These cost reduction pathways, generally referred to as wind technology "innovations", have enabled significant increases in the capacity and electric generation share of wind power in the United States. Nevertheless, achievements of past wind innovations have not led to widespread wind deployment outside of high wind speed geographies. This study evaluates the potential of near-term innovations to expand the geographic range of economically viable land-based wind power production in the United States. Many challenges to future deployment of wind power can be associated with increasing concentration in high-wind areas. As more wind power is deployed in these same areas, it is likely that residential and regulatory resistance to further deployment will increase, access to transmission will diminish, and options for distant companies and governments with renewable energy goals will remain limited. Therefore, this analysis aims to emphasize the potential for innovations to enable land-based wind in regions with limited wind deployment and with lower wind resource and better access to transmission.

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