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CEIC-12-07
Quantifying the Hurricane Catastrophe Risk to Offshore Wind Power
Stephen Rose, Paulina Jaramillo, Mitchell J. Small, Jay Apt
Abstract: The U.S.
Department of Energy has estimated that over 50 GW of offshore wind power will
be required for the United States to generate 20% of its electricity from wind.
Developers are actively planning offshore wind farms along the U.S. Atlantic and
Gulf coasts and several developers have signed leases for offshore sites. These
planned projects will be located in areas that are sometimes struck by
hurricanes. We present a method to estimate the catastrophe risk to offshore
wind power using simulated hurricanes. Using this method, we estimate the
fraction of offshore wind power offline simultaneously and the cumulative damage
in a region. In Texas, the most vulnerable region we studied, 11% of offshore
wind power could be offline simultaneously due to hurricane damage with a
100-year return period and 5% could be destroyed in any 10-year period. We also
estimate the risks to single wind farms in four representative locations; we
find the risks are significant but lower than those estimated in previously
published results. Much of the hurricane risk to offshore wind turbines can be
mitigated by designing turbines for higher maximum wind speeds, ensuring that
turbine nacelles can turn quickly to track the wind direction even when grid
power is lost, and building in areas with lower risk.
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