Abstract
The potential for development of significant Ocean Wind Power in Norway and outside North Norway is large. In 2010, 2012 and 2023 the Norwegian Water Resources and Energy Directorate (NVE) issued their analysis for identification of potential areas for development of Ocean Wind Power. Most of the fields in the later 2023 report are in areas with deeper water promoting floating wind power farms not “bottom fixed” as the feasible development alternative. One has selected 1 of these areas located on the North Norwegian Continental Shelf for a case study. The case study is focusing on the development of the wind farm and the economic feasibility. A conceptual development of the farm is described, with floating wind turbines and substructures (SPAR type), interfarm AC - Array Cables, Offshore ACDC Converter station, HVDC transmission cable to shore and the onshore Station with HVDC to HVAC conversion and GRID connection. Furthermore, overall CAPEX and OPEX estimates have been generated, and a NPV analysis performed indicating the Net Present Value of such a development with indications on which Levelized Cost of Energy this project will give.