Vision of Offshore Energy Hub at Faroe Islands: The Market Equilibrium Impact

Q1 Social Sciences
Marianne Petersen, E. Andreae, Iva Ridjan Skov, Frederik Dahl Nielsen, S. You, Aidan Cronin, Henrik Bach Mortensen
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引用次数: 0

Abstract

This study examines the integration of an offshore wind farm and green hydrogen production as a strategy to enhance the Faroe Islands' energy independence and reduce its carbon footprint. Utilizing the EnergyPLAN tool and market economic simulations, including Levelized Cost of Hydrogen and Net Present Value calculations, the research evaluates the economic viability and environmental impact of transitioning to renewable energy sources by 2030. The analysis explores various scenarios, ranging from dedicated offshore wind for in-turbine hydrogen production to platform-based electricity and hydrogen distribution. Results indicate that integrating offshore wind with green hydrogen production can significantly reduce CO2 emissions and dependency on imported fossil fuels. However, financial viability hinges on supportive mechanisms such as investment subsidies. The study's findings suggest that achieving economic feasibility requires strategic policy frameworks. This research contributes to the discourse on sustainable energy planning by offering insights into the dynamics of system integration, market economic simulations, and the role of support mechanisms in facilitating the green transition.
法罗群岛海上能源枢纽的愿景:市场平衡的影响
本研究探讨了海上风电场与绿色氢气生产的整合,以此作为提高法罗群岛能源独立性和减少碳足迹的战略。研究利用 EnergyPLAN 工具和市场经济模拟(包括氢的平准化成本和净现值计算),评估了到 2030 年过渡到可再生能源的经济可行性和环境影响。分析探讨了各种方案,从用于涡轮机内氢气生产的专用海上风力,到基于平台的电力和氢气分配。结果表明,将近海风能与绿色制氢相结合,可以显著减少二氧化碳排放和对进口化石燃料的依赖。然而,财务可行性取决于投资补贴等支持机制。研究结果表明,实现经济可行性需要战略政策框架。本研究通过对系统整合动态、市场经济模拟以及支持机制在促进绿色转型中的作用的深入分析,为可持续能源规划的讨论做出了贡献。
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来源期刊
International Journal of Sustainable Energy Planning and Management
International Journal of Sustainable Energy Planning and Management Social Sciences-Geography, Planning and Development
CiteScore
7.60
自引率
0.00%
发文量
18
审稿时长
30 weeks
期刊介绍: The journal is an international interdisciplinary journal in Sustainable Energy Planning and Management combining engineering and social science within Energy System Analysis, Feasibility Studies and Public Regulation. The journal especially welcomes papers within the following three focus areas: Energy System analysis including theories, methodologies, data handling and software tools as well as specific models and analyses at local, regional, country and/or global level. Economics, Socio economics and Feasibility studies including theories and methodologies of institutional economics as well as specific feasibility studies and analyses. Public Regulation and management including theories and methodologies as well as specific analyses and proposals in the light of the implementation and transition into sustainable energy systems.
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