Cost analysis and comparison between Modular Multilevel Converter (MMC) and Modular Multilevel Matrix Converter (M3C) for offshore wind power transmission

Jiajie Luo; Kai Lin; Jianing Li; Ying Xue; Xiao-Ping  Zhang

doi:10.1049/cp.2019.0063

Cost analysis and comparison between Modular Multilevel Converter (MMC) and Modular Multilevel Matrix Converter (M3C) for offshore wind power transmission

Jiajie Luo, Kai Lin, Jianing Li, Ying Xue, Xiao-Ping Zhang

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution

300 Downloads (Pure)

Abstract

This paper focuses on the cost analysis of offshore wind power system using Modular Multilevel Converter (MMC) based HVDC or Modular Multilevel Matrix Converter (M3C) based fractional frequency transmission (FFT). Capital investment and long-term costs due to unavailability, Operation & Maintenance and power loss are analysed. The total cost is broken down into elements and those have larger impact on the overall cost are highlighted. Cost comparison between the two technologies is presented. Economical breakeven distance is analysed for schemes with different power ratings. In addition, sensitivity analysis is conducted considering discount rate, energy price, capacity factor, wind farm life time and wind turbine type to gain insight into the overall cost.

Original language	English
Title of host publication	15th IET International Conference on AC and DC Power Transmission (ACDC 2019)
Publisher	Institution of Engineering and Technology
Number of pages	6
ISBN (Print)	978-1-83953-007-4
DOIs	https://doi.org/10.1049/cp.2019.0063
Publication status	Published - 5 Feb 2019

Keywords

sensitivity analysis
HVDC power convertors
matrix convertors
investment
wind turbines
HVDC power transmission
offshore installations
wind power plants
power generation economics

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Jiajie_Luo_et_al_Cost_analysis_and_comparison_between_Modular_Multilevel_Converter_(MMC)_and_Modular_Multilevel_Matrix_Converter_(M3C)_ACDC_2019
Checked for eligibility: 17/04/2019 This paper is a postprint of a paper submitted to and accepted for publication in 15th IET International Conference on AC and DC Power Transmission (ACDC 2019) and is subject to Institution of Engineering and Technology Copyright. The copy of record is available at the IET Digital Library.
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https://digital-library.theiet.org/content/conferences/10.1049/cp.2019.0063Licence: None: All rights reserved

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Luo, J., Lin, K., Li, J., Xue, Y., & Zhang, X.-P. (2019). Cost analysis and comparison between Modular Multilevel Converter (MMC) and Modular Multilevel Matrix Converter (M3C) for offshore wind power transmission. In 15th IET International Conference on AC and DC Power Transmission (ACDC 2019) Institution of Engineering and Technology. https://doi.org/10.1049/cp.2019.0063

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title = "Cost analysis and comparison between Modular Multilevel Converter (MMC) and Modular Multilevel Matrix Converter (M3C) for offshore wind power transmission",

abstract = "This paper focuses on the cost analysis of offshore wind power system using Modular Multilevel Converter (MMC) based HVDC or Modular Multilevel Matrix Converter (M3C) based fractional frequency transmission (FFT). Capital investment and long-term costs due to unavailability, Operation & Maintenance and power loss are analysed. The total cost is broken down into elements and those have larger impact on the overall cost are highlighted. Cost comparison between the two technologies is presented. Economical breakeven distance is analysed for schemes with different power ratings. In addition, sensitivity analysis is conducted considering discount rate, energy price, capacity factor, wind farm life time and wind turbine type to gain insight into the overall cost.",

keywords = "sensitivity analysis, HVDC power convertors, matrix convertors, investment, wind turbines, HVDC power transmission, offshore installations, wind power plants, power generation economics",

author = "Jiajie Luo and Kai Lin and Jianing Li and Ying Xue and Xiao-Ping Zhang",

year = "2019",

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Cost analysis and comparison between Modular Multilevel Converter (MMC) and Modular Multilevel Matrix Converter (M3C) for offshore wind power transmission. / Luo, Jiajie; Lin, Kai; Li, Jianing et al.
15th IET International Conference on AC and DC Power Transmission (ACDC 2019). Institution of Engineering and Technology, 2019.

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution

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AU - Luo, Jiajie

AU - Lin, Kai

AU - Li, Jianing

AU - Xue, Ying

AU - Zhang, Xiao-Ping

PY - 2019/2/5

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N2 - This paper focuses on the cost analysis of offshore wind power system using Modular Multilevel Converter (MMC) based HVDC or Modular Multilevel Matrix Converter (M3C) based fractional frequency transmission (FFT). Capital investment and long-term costs due to unavailability, Operation & Maintenance and power loss are analysed. The total cost is broken down into elements and those have larger impact on the overall cost are highlighted. Cost comparison between the two technologies is presented. Economical breakeven distance is analysed for schemes with different power ratings. In addition, sensitivity analysis is conducted considering discount rate, energy price, capacity factor, wind farm life time and wind turbine type to gain insight into the overall cost.

AB - This paper focuses on the cost analysis of offshore wind power system using Modular Multilevel Converter (MMC) based HVDC or Modular Multilevel Matrix Converter (M3C) based fractional frequency transmission (FFT). Capital investment and long-term costs due to unavailability, Operation & Maintenance and power loss are analysed. The total cost is broken down into elements and those have larger impact on the overall cost are highlighted. Cost comparison between the two technologies is presented. Economical breakeven distance is analysed for schemes with different power ratings. In addition, sensitivity analysis is conducted considering discount rate, energy price, capacity factor, wind farm life time and wind turbine type to gain insight into the overall cost.

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KW - HVDC power convertors

KW - matrix convertors

KW - investment

KW - wind turbines

KW - HVDC power transmission

KW - offshore installations

KW - wind power plants

KW - power generation economics

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SN - 978-1-83953-007-4

BT - 15th IET International Conference on AC and DC Power Transmission (ACDC 2019)

PB - Institution of Engineering and Technology

ER -

Cost analysis and comparison between Modular Multilevel Converter (MMC) and Modular Multilevel Matrix Converter (M3C) for offshore wind power transmission

Abstract

Keywords

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