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Balancing Resource Potential and Investment Costs in Offshore Wind Projects: Evidence from Northern Colombia.

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Title: Balancing Resource Potential and Investment Costs in Offshore Wind Projects: Evidence from Northern Colombia.
Authors: Ospino-Castro, Adalberto1 (AUTHOR), Robles-Algarín, Carlos2 (AUTHOR), Vásquez Capacho, Jhon William3 (AUTHOR)
Source: Energies (19961073). Nov2025, Vol. 18 Issue 22, p6003. 26p.
Subjects: Offshore wind power plants, Capital investments, Energy development, Operating costs, Wind measurement, Investment analysis
Geographic Terms: Colombia
Abstract: This study presents a comprehensive techno-economic assessment of offshore wind projects in the Colombian Caribbean, emphasizing the impact of site-specific parameters on development costs and performance. Wind resource conditions were evaluated in four coastal regions (La Guajira, Magdalena, Atlántico, and Bolívar) using hourly meteorological data from 2015 to 2024, adjusted to 100 m above ground level through logarithmic and power law wind profile models. The analysis included wind speed, bathymetry, distance to shore, distance to substation, foundation type, wind power density (WPD), and capacity factor (Cf). Based on these parameters, annual energy generation was estimated, and both capital expenditures (CAPEX) and operational expenditures (OPEX) were calculated, considering the technical and cost differences between fixed and floating foundations. Results show that La Guajira combines excellent wind conditions (WPD of 796 W/m2 and Cf of 61.5%) with favorable construction feasibility (bathymetry of −32 m), resulting in the lowest CAPEX among the studied regions. In contrast, Magdalena and Atlántico, with bathymetries exceeding 200 m, require floating foundations that more than double the investment costs. Bolívar presents an intermediate profile, offering solid wind potential and fixed foundation feasibility at a moderate cost. The findings confirm that offshore wind project viability depends not only on wind resource quality but also on physical site constraints, which directly influence the cost structure and energy yield. This integrated approach supports more accurate project prioritization and contributes to strategic planning for the sustainable deployment of offshore wind energy in Colombia. [ABSTRACT FROM AUTHOR]
Copyright of Energies (19961073) is the property of MDPI and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
Database: Engineering Source
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  Data: Balancing Resource Potential and Investment Costs in Offshore Wind Projects: Evidence from Northern Colombia.
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  Data: <searchLink fieldCode="JN" term="%22Energies+%2819961073%29%22">Energies (19961073)</searchLink>. Nov2025, Vol. 18 Issue 22, p6003. 26p.
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  Data: <searchLink fieldCode="DE" term="%22Offshore+wind+power+plants%22">Offshore wind power plants</searchLink><br /><searchLink fieldCode="DE" term="%22Capital+investments%22">Capital investments</searchLink><br /><searchLink fieldCode="DE" term="%22Energy+development%22">Energy development</searchLink><br /><searchLink fieldCode="DE" term="%22Operating+costs%22">Operating costs</searchLink><br /><searchLink fieldCode="DE" term="%22Wind+measurement%22">Wind measurement</searchLink><br /><searchLink fieldCode="DE" term="%22Investment+analysis%22">Investment analysis</searchLink>
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  Data: <searchLink fieldCode="DE" term="%22Colombia%22">Colombia</searchLink>
– Name: Abstract
  Label: Abstract
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  Data: This study presents a comprehensive techno-economic assessment of offshore wind projects in the Colombian Caribbean, emphasizing the impact of site-specific parameters on development costs and performance. Wind resource conditions were evaluated in four coastal regions (La Guajira, Magdalena, Atlántico, and Bolívar) using hourly meteorological data from 2015 to 2024, adjusted to 100 m above ground level through logarithmic and power law wind profile models. The analysis included wind speed, bathymetry, distance to shore, distance to substation, foundation type, wind power density (WPD), and capacity factor (Cf). Based on these parameters, annual energy generation was estimated, and both capital expenditures (CAPEX) and operational expenditures (OPEX) were calculated, considering the technical and cost differences between fixed and floating foundations. Results show that La Guajira combines excellent wind conditions (WPD of 796 W/m2 and Cf of 61.5%) with favorable construction feasibility (bathymetry of −32 m), resulting in the lowest CAPEX among the studied regions. In contrast, Magdalena and Atlántico, with bathymetries exceeding 200 m, require floating foundations that more than double the investment costs. Bolívar presents an intermediate profile, offering solid wind potential and fixed foundation feasibility at a moderate cost. The findings confirm that offshore wind project viability depends not only on wind resource quality but also on physical site constraints, which directly influence the cost structure and energy yield. This integrated approach supports more accurate project prioritization and contributes to strategic planning for the sustainable deployment of offshore wind energy in Colombia. [ABSTRACT FROM AUTHOR]
– Name: AbstractSuppliedCopyright
  Label:
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  Data: <i>Copyright of Energies (19961073) is the property of MDPI and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract.</i> (Copyright applies to all Abstracts.)
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        Value: 10.3390/en18226003
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        Text: English
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        PageCount: 26
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      – SubjectFull: Offshore wind power plants
        Type: general
      – SubjectFull: Capital investments
        Type: general
      – SubjectFull: Energy development
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      – SubjectFull: Operating costs
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      – SubjectFull: Wind measurement
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      – SubjectFull: Investment analysis
        Type: general
      – SubjectFull: Colombia
        Type: general
    Titles:
      – TitleFull: Balancing Resource Potential and Investment Costs in Offshore Wind Projects: Evidence from Northern Colombia.
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            NameFull: Ospino-Castro, Adalberto
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            NameFull: Robles-Algarín, Carlos
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              Text: Nov2025
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              Y: 2025
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