Assess Floating Offshore Wind Energy Costs and Performance - FLOWIN Voucher Cooperative Research and Development Final Report

Summary

This document details a completed Cooperative Research and Development Agreement (CRADA) where the National Renewable Energy Laboratory (NREL) supported the University of Maine. The core challenge is to develop a cost-effective domestic supply chain for floating offshore wind energy, which is vital for utilizing over 65% of the U.S. offshore wind resource in deep waters. NREL's approach involved creating an Excel-based Levelized Cost of Energy (LCOE) calculator and analyzing installation logistics and costs for UMaine's specific floating substructure design for hypothetical 1 GW projects. This research contributes to understanding cost drivers and optimizing installation strategies for this critical renewable energy technology.

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