Economic Aspects of Marine Spatial Planning:The Case of Offshore Wind Farms in Poland
Spatial rent (annuity) makes it possible to estimate the economic value resulting from the use of space for a given type of activity. This article provides calculations of spatial rent in regard to offshore wind energy development and proposes a data-driven approach for optimizing spatial management...
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| Main Author: | |
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| Format: | Article |
| Language: | English |
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University of Warsaw, Centre for European Regional and Local Studies (EUROREG)
2024-12-01
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| Series: | Studia Regionalne i Lokalne |
| Subjects: | |
| Online Access: | https://studreg.uw.edu.pl/pl/archiwum,economic-aspects-of-marine-spatial-planningthe-case-of-offshore-wind-farms-in-poland |
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| Summary: | Spatial rent (annuity) makes it possible to estimate the economic value resulting from the use of space for a given type of activity. This article provides calculations of spatial rent in regard to offshore wind energy development and proposes a data-driven approach for optimizing spatial management strategies, ultimately contributing to more informed decision-making processes in marine spatial management. It analyses seven projects that could be developed in the Polish part of the Baltic Sea as part of Poland’s energy transition. The article employs a robust methodology that integrates technoeconomic analysis and financial forecasting to calculate spatial rent by discounting net cash flows. The calculations are carried out for two windiness scenarios, with the results of the weighted average annual energy production ranging from 38.02 GWh/km2 to 40.56 GWh/km2. Such energy production could yield an annual spatial rent of 10.72 million €/km2 to 13.30 million €/km2. |
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| ISSN: | 1509-4995 2719-8049 |