Key Performance Indicators and Target Values for Multi-Megawatt Offshore Turbines

Panagiotis K.  Chaviaropoulos; Anand Natarajan; Peter Hjuler Jensen

Key Performance Indicators and Target Values for Multi-Megawatt Offshore Turbines

Panagiotis K. Chaviaropoulos, Anand Natarajan, Peter Hjuler Jensen

Department of Wind Energy

Research output: Chapter in Book/Report/Conference proceeding › Article in proceedings › Research › peer-review

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Abstract

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).

Original language	English
Title of host publication	Proceedings of EWEA 2014
Number of pages	8
Publisher	European Wind Energy Association (EWEA)
Publication date	2014
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 http://www.ewea.org/annual2014/

Conference

Conference	European Wind Energy Conference & Exhibition 2014
Location	Fira de Barcelona Gran Via
Country	Spain
City	Barcelona
Period	10/03/2014 → 13/03/2014
Internet address	http://www.ewea.org/annual2014/

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Key Performance IndicatorsFinal published version, 283 KB

Cite this

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).

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AB - 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).

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