PROJECTS / Caribbean Offshore Wind Conceptual Study

Caribbean Offshore Wind Conceptual Study

Latin America and the Caribbean

July 9, 2024

A private client contracted K&M to assist in evaluating the feasibility of integrating Offshore Wind resources in the Caribbean.

In this assignment, K&M is responsible for researching offshore wind design considerations, identifying offshore wind siting and configurations viable for the Caribbean, and calculating the levelized cost of electricity (LCOE) for various offshore wind scenarios. Topics covered in the offshore wind design research include siting considerations (water depths, distance to shore, wind speeds, spacing, and shipping routes), substructure types, wind turbine sizing, transmission options, and estimated CAPEX and OPEX for key offshore wind components. Based on these factors, K&M will perform a high-level siting analysis for the Caribbean and develop cost estimates for wind farms of three sizes, including a discussion of the indicative BESS capacity that should be added to the client’s grid to provide sufficient operating reserves for each scenario. Based on these results, K&M will estimate the LCOE generated by each offshore wind/BESS scenario. K&M will deliver its findings in a PowerPoint presentation to the client’s staff.

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