JOURNAL BROWSE
Search
Advanced SearchSearch Tips
Economic Considerations Underlying the Adoption of HVDC and HVAC for the Connection of an Offshore Wind Farm in Korea
facebook(new window)  Pirnt(new window) E-mail(new window) Excel Download
 Title & Authors
Economic Considerations Underlying the Adoption of HVDC and HVAC for the Connection of an Offshore Wind Farm in Korea
Hur, Don;
  PDF(new window)
 Abstract
Wind energy is created in mega-sized wind farms situated kilometers off shore. In fact, two possibilities are considered for the transmission system between the offshore wind farm and the onshore grid: high-voltage direct current and high-voltage alternating current. From this point of view, the current paper aims to compare both systems for a 2 GW wind farm situated 80 km from the Point of Common Coupling on an economic basis using a discounted cash flow analysis. A tool is developed in Microsoft Excel to allow for quick insight in the variation of input parameters.
 Keywords
Discounted cash flow;Economic analysis;HVAC;HVDC;Offshore wind farm;
 Language
English
 Cited by
1.
해저케이블 비용 모델을 이용한 HVAC 해상변전소 적정 위치 선정에 관한 연구,원종남;문원식;허재선;김재철;

전기학회논문지, 2013. vol.62. 4, pp.451-456 crossref(new window)
2.
An Economic Analysis of Potential Cost Savings from the Use of Low Voltage DC (LVDC) Distribution Network,;;

Journal of Electrical Engineering and Technology, 2014. vol.9. 3, pp.812-819 crossref(new window)
3.
A Techno-Economic Feasibility Analysis on LVDC Distribution System for Rural Electrification in South Korea,;;;;;

Journal of Electrical Engineering and Technology, 2014. vol.9. 5, pp.1501-1510 crossref(new window)
4.
Economic Analysis of Power Transmission Lines using Interval Mathematics,;;

Journal of Electrical Engineering and Technology, 2015. vol.10. 4, pp.1471-1479 crossref(new window)
1.
An Economic Analysis of Potential Cost Savings from the Use of Low Voltage DC (LVDC) Distribution Network, Journal of Electrical Engineering and Technology, 2014, 9, 3, 812  crossref(new windwow)
2.
Comparison between Underground Cable and Overhead Line for a Low-Voltage Direct Current Distribution Network Serving Communication Repeater, Energies, 2014, 7, 3, 1656  crossref(new windwow)
3.
Economic Analysis of Power Transmission Lines using Interval Mathematics, Journal of Electrical Engineering and Technology, 2015, 10, 4, 1471  crossref(new windwow)
4.
Economic considerations underlying the introduction of capacity mechanism in Korean offshore wind farms, International Transactions on Electrical Energy Systems, 2016, 26, 10, 2060  crossref(new windwow)
5.
A Techno-Economic Feasibility Analysis on LVDC Distribution System for Rural Electrification in South Korea, Journal of Electrical Engineering and Technology, 2014, 9, 5, 1501  crossref(new windwow)
6.
An optimal pricing scheme in electricity markets by parallelizing security constrained optimal power flow based market-clearing model, International Journal of Electrical Power & Energy Systems, 2013, 48, 161  crossref(new windwow)
7.
Smart Operation of HVDC Systems for Large Penetration of Wind Energy Resources, IEEE Transactions on Smart Grid, 2013, 4, 1, 359  crossref(new windwow)
 References
1.
World Wind Energy Association, "World Wind Energy Report 2009," March 2010, http://www.wwindea.org/home/images/stories/worldwindenergyreport2009_s.pdf.

2.
http://www.mke.go.kr.

3.
http://en.wikipedia.org/wiki/Discounted_cash_flow.

4.
R. Rudervall, J. P. Charpentier, R. Sharma, "High Voltage Direct Current (HVDC) Transmission Systems Technology Review Paper," ABB Power Systems, Sweden, July 2000.

5.
http://en.wikipedia.org/wiki/Depreciation.

6.
G. Asplund, K. Eriksson, K. Svensson, "DC transmission based on Voltage Source Converters," ABB Power Systems, CIGRE Colloquium SC14, South Africa, 1997.

7.
L. Weimers, "Bulk Power Transmission at + 800 kV DC," ABB Power Technologies, Ludvika, Sweden.

8.
Cigre Joint Working Group-B2/B4/C1.17, "Impacts of HVDC Lines on the Economics of HVDC Projects," August 2009.

9.
S. Santoso, H. Le, "Fundamental time-domain wind turbine models for wind power studies," in Renewable Energy 32, Dept. of Electrical and Computer Engineering, University of Texas, Austin, 2007, pp. 2436-2452.

10.
B. Boukhezzar, L. Lupu, H. Siguerdidjane, M. Hand, "Multivariable control strategy for variable speed, variable pitch wind turbines," in Renewable Energy 32, Automatic Control Department, Supelec, 2007, pp. 1273-1287.

11.
J. Coelingh, A. van Wijk and A. Holtslag, "Analysis of wind speed observations over the North Sea," Journal of Wind Engineering and Industrial Aerodynamics, no. 61, Dept. of Science, Technology and Society, Utrecht University, 1996, pp. 51-69.

12.
http://en.wikipedia.org/wiki/Weibull_distribution.

13.
M. Rashwan, "Evaluation of HVDC $Light^{{\circledR}}$ as an Alternative for the Vancouver Island transmission Reinforcement (VITR) Project - Appendix Q," Transgrid Solutions, Report C1023, Tech. Report, April 2005.