Offshore wind power generation: An economic analysis on the Brazilian coast from the stochastic LCOE

Abstract

The interest in offshore wind energy in Brazil is recent, and are scarce investigations about the real competitiveness of the source in the country. In this way, this study proposes a stochastic approach to compare the LCOE for offshore wind farms at five different points on the Brazilian coast, and considering different possibilities of corporate tax, and Tradable Green Certificates (TGC) commercialization.

Keywords

• Offshore wind power
• Levelized cost of electricity
• Financial risk analysis
• Brazilian coast
• Green electricity