Economic and design optimisation of a 15MW floating offshore wind platform using time-series forecasting

Abstract. This work proposes a structural and economic optimisation framework applicable to floating semi-submersible platforms, demonstrated here for a 15-MW offshore wind design. A genetic algorithm was developed that can seek a multi-objective solution to minimise mass whilst respecting the constraints of loads acting upon the system. Statistical and machine learning methods are then employed to forecast near and far term costs of the platform under a range of scenarios. Finally, Levelized Cost of Energy is calculated to gauge the technical and economic viability. Results show that a mass reduction of 9 % is possible. With optimal costs predicted under the SARIMAX scenario of 4404.56 €/t, 24.1 % under the average. The optimised platform results in an LCoE reduction of 2.08 %.