Offshore
wind is playing an increasingly important role in our
energy mix as it provides the opportunity to increase the penetration
of wind energy considerably beyond the current capacity of land-based
wind resources. While most planned offshore wind projects consider
constructing the wind farms relatively close to the coast, there is
vast untapped potential over the open ocean where wind velocities
are significantly higher. However, transmitting electricity generated
far from shore to onshore demand points is a major challenge since
using submarine power cables for long distances can be prohibitively
expensive. To address this challenge, we consider using offshore wind
energy to directly produce green ammonia that can then be transported
to shore via ships or pipelines. This is technically feasible since
electricity-based production of ammonia only requires water and air
as input materials. We perform a comprehensive techno-economic analysis
for such green offshore ammonia plants, determining the minimum achievable
levelized costs of ammonia for various wind profiles, plant capacities,
distances to shore, and water depths. Our results indicate that the
proposed approach has the promise to be cost-competitive, especially
when considering expected cost reductions in offshore wind turbines
in the foreseeable future.