Investment Evaluation and Partnership Selection Model in the Offshore Wind Power Underwater Foundations Industry

Abstract

With a plan to achieve a target of 5.7 GW offshore wind power capacity in 2025, Taiwan anticipates building a 36-billion USD industry, which makes Taiwan a center of attention in the global marketplace of civil engineering construction. Aimed at Taiwan’s underwater foundations industries, this study is the first to develop an investment evaluation model (IEM) by applying FPR to obtain risk factor weights and calculate the overall investment risk value with a numerical scoring method. In a context where no precedent exists for reference, this study provides auxiliary and supportive tools to help builders to make the decision, based on objective indicators, whether to undertake an investment. To date, no research has been conducted to introduce a reasonable mathematical model that discusses the issue of partner selection in the field of offshore wind power. This study is the first paper to construct a SWARA-FTOPSIS partner selection model, which enables underwater foundations builders to take specific Taiwanese characteristics into account in their selection of the best partners to meet transportation, construction, and installation requirements. Finally, the study uses the case of the Taipower Offshore Wind Power Project (2nd phase) to verify the feasibility of this model.

Constructing and Validating Professional Competence Indicators for Underwater Welding Technicians for Offshore Wind Power Generation in Taiwan

“…Another publication also indicates that a critical factor for ensuring the success of the construction lies in the ability of the underwater foundation to withstand severe weather conditions and challenging terrains while providing robust support for wind power equipment. This is essential to guarantee the normal operation of the wind turbine for a minimum duration of 20 years in a marine environment [36]. As a result, domestic steel structure manufacturers have been attracted to shift their business strategies and venture into the field of manufacturing offshore wind power underwater foundations.…”