Floating offshore wind and the real options to relocate
Journal article, Peer reviewed
Published version
Date
2022-11-17Metadata
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Abstract
Real options to relocate may improve the profitability of the floating offshore wind industry. Location and market switching can contribute to mitigating parts of the cost disadvantage of floating versus fixed-bottom offshore wind. The article derives optimal relocation strategies and real options values under uncertainty. Risk factors that may increase the value of relocation options include electricity prices, capacity factors, political uncertainty, collateral valuation, environmental issues and technological progress. Floating offshore wind and the real options to relocate
Description
This is an open access article under the CC BY license (http://creativecommons.org/licenses/by/4.0/)