Introduction Rapid development of offshore wind power is around the corner in Guangdong Province. However, the lag of financial subsidies and uncertainty of electricity prices will affect the economic benefits of offshore wind power projects.
Method Four typical offshore wind power projects in Guangdong Province were selected to calculate the impact of subsidy payment lag by one year, two years and three years on the financial internal rate of return (FIRR) of the projects.
Result The calculation result shows that the payment lag of financial subsidies and electricity price have a great impact on the economy of the projects.
Conclusion It is suggested that the analysis of sensitive factors such as subsidy payment lag and electricity price uncertainty should be additionally considered in the early decision-making stage of offshore wind power projects.
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