Optimal allocation of 30 GW offshore wind power in the Norwegian economic zone
<p>The Norwegian Government aims to install offshore wind power with a total capacity of 30 GW by 2040, and the Norwegian Water Resources and Energy Directorate has suggested 20 candidate regions. We show that the potential for reducing overall power production variance across these regions is...
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| Language: | English |
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Copernicus Publications
2025-01-01
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| Series: | Wind Energy Science |
| Online Access: | https://wes.copernicus.org/articles/10/293/2025/wes-10-293-2025.pdf |
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| author | S. Hølleland G. D. Berentsen H. Otneim I. M. Solbrekke |
| author_facet | S. Hølleland G. D. Berentsen H. Otneim I. M. Solbrekke |
| author_sort | S. Hølleland |
| collection | DOAJ |
| description | <p>The Norwegian Government aims to install offshore wind power with a total capacity of 30 GW by 2040, and the Norwegian Water Resources and Energy Directorate has suggested 20 candidate regions. We show that the potential for reducing overall power production variance across these regions is high using modern portfolio theory and the hourly and spatially rich reanalysis NORA3 Wind Power data set (NORA3-WP). The geographical diversification effect is demonstrated under various relevant scenarios, including a sequential build-out scenario with a fully connected Norwegian power grid assumption. By considering 20 alternative regions selected using a recently developed suitability score, we further illustrate that the diversification effect is robust to location changes.</p> |
| format | Article |
| id | doaj-art-3da1b06a21a441c3bf2c7427bee57997 |
| institution | Kabale University |
| issn | 2366-7443 2366-7451 |
| language | English |
| publishDate | 2025-01-01 |
| publisher | Copernicus Publications |
| record_format | Article |
| series | Wind Energy Science |
| spelling | doaj-art-3da1b06a21a441c3bf2c7427bee579972025-01-27T10:44:22ZengCopernicus PublicationsWind Energy Science2366-74432366-74512025-01-011029331310.5194/wes-10-293-2025Optimal allocation of 30 GW offshore wind power in the Norwegian economic zoneS. Hølleland0G. D. Berentsen1H. Otneim2I. M. Solbrekke3Department of Business and Management Science, Norwegian School of Economics, Helleveien 30, 5045 Bergen, NorwayDepartment of Business and Management Science, Norwegian School of Economics, Helleveien 30, 5045 Bergen, NorwayDepartment of Business and Management Science, Norwegian School of Economics, Helleveien 30, 5045 Bergen, NorwayClimate Dynamics Department, Norwegian Research Centre (NORCE), Jahnebakken 5, 5007 Bergen, Norway<p>The Norwegian Government aims to install offshore wind power with a total capacity of 30 GW by 2040, and the Norwegian Water Resources and Energy Directorate has suggested 20 candidate regions. We show that the potential for reducing overall power production variance across these regions is high using modern portfolio theory and the hourly and spatially rich reanalysis NORA3 Wind Power data set (NORA3-WP). The geographical diversification effect is demonstrated under various relevant scenarios, including a sequential build-out scenario with a fully connected Norwegian power grid assumption. By considering 20 alternative regions selected using a recently developed suitability score, we further illustrate that the diversification effect is robust to location changes.</p>https://wes.copernicus.org/articles/10/293/2025/wes-10-293-2025.pdf |
| spellingShingle | S. Hølleland G. D. Berentsen H. Otneim I. M. Solbrekke Optimal allocation of 30 GW offshore wind power in the Norwegian economic zone Wind Energy Science |
| title | Optimal allocation of 30 GW offshore wind power in the Norwegian economic zone |
| title_full | Optimal allocation of 30 GW offshore wind power in the Norwegian economic zone |
| title_fullStr | Optimal allocation of 30 GW offshore wind power in the Norwegian economic zone |
| title_full_unstemmed | Optimal allocation of 30 GW offshore wind power in the Norwegian economic zone |
| title_short | Optimal allocation of 30 GW offshore wind power in the Norwegian economic zone |
| title_sort | optimal allocation of 30 thinsp gw offshore wind power in the norwegian economic zone |
| url | https://wes.copernicus.org/articles/10/293/2025/wes-10-293-2025.pdf |
| work_keys_str_mv | AT shølleland optimalallocationof30thinspgwoffshorewindpowerinthenorwegianeconomiczone AT gdberentsen optimalallocationof30thinspgwoffshorewindpowerinthenorwegianeconomiczone AT hotneim optimalallocationof30thinspgwoffshorewindpowerinthenorwegianeconomiczone AT imsolbrekke optimalallocationof30thinspgwoffshorewindpowerinthenorwegianeconomiczone |