Abstract:Despite the promising outlook, the numerous economic and environmental benefits of offshore wind energy are still compromised by its high operations and maintenance (O&M) expenditures. On one hand, offshore-specific challenges such as site remoteness, harsh weather, high transportation requirements, and production losses, significantly inflate the total O&M expenses relative to land-based wind farms. On the other hand, the uncertainties in weather conditions, asset degradation, and electricity prices largely c… Show more
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