This work is in the context of the FP7 Innwind.EU Project whose objective is the high performance innovative design of beyond state-of-the-art 10-20 MW offshore wind turbines. The assessment of innovation necessitates a framework where different designs can be compared against a reference on the basis of key performance indicators (KPIs). Following the European Wind Industrial Initiative the Levelized Cost of Electricity (LCOE) and its driving components are investigated, while quantifying the sensitivity of LCOE to its constituent factors. Methods whereby innovation in design can reduce component cost and lower LCOE are investigated. Targets are set to the LCOE by associating with specific technologies and high Customer Net Present Value (NPV).
|Title of host publication||Proceedings of EWEA 2014|
|Number of pages||8|
|Publisher||European Wind Energy Association (EWEA)|
|Publication status||Published - 2014|
|Event||European Wind Energy Conference & Exhibition 2014 - Fira de Barcelona Gran Via, Barcelona, Spain|
Duration: 10 Mar 2014 → 13 Mar 2014
|Conference||European Wind Energy Conference & Exhibition 2014|
|Location||Fira de Barcelona Gran Via|
|Period||10/03/2014 → 13/03/2014|
Chaviaropoulos, P. K., Natarajan, A., & Jensen, P. H. (2014). Key Performance Indicators and Target Values for Multi-Megawatt Offshore Turbines. In Proceedings of EWEA 2014 European Wind Energy Association (EWEA).