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Opportunities and challenges for a floating offshore wind market in California
KTH, School of Industrial Engineering and Management (ITM), Industrial Economics and Management (Dept.), Industrial Marketing and Entrepreneurship.
2017 (English)Independent thesis Advanced level (degree of Master (One Year)), 10 credits / 15 HE creditsStudent thesis
Abstract [en]

The offshore wind energy industry is a rapidly growing industry as solutions are becoming cost-competitive and there is an increasing need to limit greenhouse gas emissions. New floating offshore wind turbine designs now enable the access to previously inaccessible offshore wind resources. In this research, a comprehensive analysis is made of the different factors influencing the macro environment for a potential floating offshore wind energy market in California. The analysis assesses the relevant political, economic,social, technological, environmental, and legal aspects in California. The outcome of this research shows the opportunities and challenges for a floating wind turbine market in California. It is found that there are many opportunities present due to California's political and economic climate. There is considerable support for offshore wind projects on the state level, demonstrated by the active engagement of the governor and the creation of the California Task Force. The large economy and high electricity prices are promising for future projects. Furthermore, wind resources are vast and the technical infrastructure is present, especially Southern California is well suited. There are technological threats present, but these are common for all renewable energy sources and seem unavoidable with the Renewable Portfolio Standards California has set. The main threats are posed by the complex regulatory environment and the financial uncertainty as a result of the lackof federal support. The Jones Act, for example, can be troublesome as it will likely increase costs and delay projects. Furthermore, the social environment and local willingness for such projects was shown to be very important for their success. The state of California has already been working pro-actively on involving the local members of thepublic in potential upcoming offshore wind energy projects. The research concludes that California offers many opportunities with surmountable threats.

Place, publisher, year, edition, pages
2017. , 76 p.
Keyword [en]
Floating wind turbines, California, PESTEL analysis, market challenges and opportunities
National Category
Other Engineering and Technologies not elsewhere specified
Identifiers
URN: urn:nbn:se:kth:diva-209246OAI: oai:DiVA.org:kth-209246DiVA: diva2:1111166
Subject / course
Engineering and Management
Educational program
Master of Science - Industrial Engineering and Management
Presentation
2017-05-29, 243, Lindstedtsvägen 24, Stockholm, 20:00 (English)
Supervisors
Examiners
Available from: 2017-07-11 Created: 2017-06-17 Last updated: 2017-07-11Bibliographically approved

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fulltext(4774 kB)101 downloads
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Type fulltextMimetype application/pdf

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CiteExportLink to record
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Citation style
  • apa
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  • de-DE
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  • Other locale
More languages
Output format
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