Abstract
The economic assessment of onshore and offshore wind energy systems is critical for making informed decisions about the development and deployment of renewable energy technologies. This assessment involves the use of mathematical modeling to estimate the costs associated with building and operating wind energy systems and compare them with the costs of other energy sources. Key factors in this assessment include the levelized cost of electricity, capital cost, operating and maintenance cost, decommissioning cost, capacity factor, and discount rate. By considering these factors, decision-makers can determine the financial viability of offshore and onshore wind energy systems and make informed investments in renewable energy. The economic assessment of onshore and offshore wind energy systems is a crucial step in evaluating the financial viability of renewable energy projects. The findings of these assessments can inform decision-making and help policymakers and investors make informed choices regarding renewable energy investments.
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