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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).
The EGU Journal of Renewable Energy Short Reviews (EGUJRenEnRev) is a teaching project rather that a regular scientific journal. To publish in this journal, it is a premise to take part in the master course wind power, hydro power and biomass usage at the faculty of Energy, Building Services and Environmental Engineering of the Münster University of Applied Sciences.
Students receive an equivalent of 2.5 credit points (European Credit Transfer and Accumulation System - ECTS) for their engagement in the course and for publishing a short review article of at most 3000 words in this periodical. The publication process closely mimics the typical publication procedure of a regular journal. The peer-review process, however, is conducted within the group of course-participants.
Although being just an exercise, we think that publishing the outcome of this course in a citable manner is not only promoting the motivation of our students, but may also be a helpful source of introductory information for researchers and practitioners in the field of renewable energies. We encourage students to write their articles in English, but this is not mandatory. The reader will thus find a few articles in German language. To further encourage students practicing English writing, perfect grammar is not part of the assessment.
We especially thank our students for working with LaTeX on Overleaf, although LaTeX is new to some of them. In this way, the editorial workload was reduced to a minimum. We also thank our students for sharing their work under the creative commons attribution licence (CC-BY). I appreciate their contribution to scientific information, being available to every person of the world, almost without barriers. I also thank the corresponding authors and publishers of the cited work, for granting permission to reuse graphics free of charge. All other figures had to be replaced or removed prior to publication.