06 Sep '13, 11am

Deep water offshore wind farms viable by 2020 says Maltese study

Deep water offshore wind farms viable by 2020 says Maltese study

A new study conducted by the Malta Council of Science and Technology’s National Research and Innovation Programme has concluded that technological advances could make deep offshore wind farms financially viable by 2020. At present, a wind energy complex generating up to 350MW would now coast 1.5 billion euros, around 24 cents per unit. This is considerably higher than fossil-fuelled energy, which stands at between 16 cents and 19 cents per unit for normal domestic consumers. Rapid advances in wind technology could result in greater turbine efficiency with lower capital expenditure. The study used a wind farm consisting of 70 turbines, each with a 5MW generating capacity, covering an area of 55 square kilometres to the southeast of Malta where the depth varies between 60 and 70 metres. The results of the study suggest that by 2020 the cost of a single unit of electricity mi...

Full article: http://www.renewableenergymagazine.com/article/deep-water...

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