Business case for mussel aquaculture in offshore wind farms in the North Sea |
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| Institution: | 1. International Center for Marine Studies, College of Marine Sciences, Shanghai Ocean University, China;2. Department of Oceanography and Coastal Sciences, Coastal Studies Institute, School of the Coast and Environment, Louisiana State University, Baton Rouge, LA, USA;3. School of Marine Science and Technology, Zhejiang Ocean University, Zhoushan, China;1. School of Marine Sciences, Pontificia Universidad Católica de Valparaíso, Chile;2. COPAS-Sur Austral, Universidad de Concepción, Chile |
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| Abstract: | The European Blue Growth strategy aims to expand the new maritime sectors of aquaculture, energy, biotechnology, coastal tourism and mineral mining. Growth of these sectors will increases pressure on the seas, particularly on those areas that are densely used by traditional sectors such as fisheries and transport. This has triggered interest in developing multiuse of space and multiuse platforms at sea. This paper assesses the feasibility of offshore mussel production project in wind farms by design and ex-ante evaluation of a mussel aquaculture system in the North Sea. A system for mussel cultivation in the Dutch Borssele offshore wind farm was designed, producing both mussel seed and consumption-sized mussels with semi-submerged longlines. Based on the economic model and the risk assessment, this paper concludes that mussel aquaculture is an appealing commercial model for increased returns in offshore wind farms. The economic models shows that the internal rate of return and net present value are positive and based on the sensitivity analysis, it can be concluded that these results are robust. |
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| Keywords: | Aquaculture Mussels Offshore wind Business case Risk assessment |
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