Open Access

Jan-Niklas Linnenschmidt

• Originally this article was supposed to be a comparison between the technological differences of bottom-fixed offshore wind turbines (BOWT) and floating offshore wind turbines (FOWT). However, several authors already contributed to this topic and came to the conclusion that the higher levelized costs of energy (LCOE) prevent FOWTs from successfully entering the energy market. Multiple sources seem to agree on this conclusion but often do not provide the reader with further information regarding the LCOE. This is the reason why this article understands itself as an in depth cost comparison between BOWTs and FOWTs. For this purpose, individual LCOE are calculated for the upcoming FOWT technologies such as spar-buoy (SPAR), tension-leg platform (TLP) and semi-submersible platform (semi-sub) as well as conventional BOWTs using the wind turbines hours of full utilization (HOFU). The resulting functions are visualized graphically in order to determine break-even points between BOWTs and FOWTs. Finally, a sensitivity analysis is carried out to determine the influence of the weighted average costs of capital (WACC).