ABSTRACT

A technical introduction and up-to-date financial evaluation of offshore wind farms, whose popularity has been increasing within the last decade, are presented. Capital and operational expenditures of offshore wind farms are examined from different perspectives and reasons of their preference over onshore wind farms are stated as these farms are technically and financially more demanding compared to onshore wind farms. Based on foreseeable economic estimates the potential of continuing increase in installation of offshore wind farms in the future is discussed and a capital expenditures estimate for an offshore wind farm in Turkish waters is given.