With space constraints onshore, strong renewable resources available far offshore
and growing green hydrogen demand, far offshore green hydrogen production
may be an attractive option. To assess this potential, a literature review was
conducted to identify the relevant technologies to be considered and suitable
modelling methods. Next, a mixed integer quadratically constraint programming
(MIQCP) optimization model was set up. The far offshore green hydrogen
supply chain was optimized for various scenarios with this model and the
results were analyzed. It was found that far offshore green hydrogen costs are
in the same order of magnitude as the costs of its alternatives. Far offshore
green hydrogen may be considered marginally competitive with these alternatives
from 2035 onwards in the analyzed scenarios when taking into account the
considerable advantages of far offshore production, such as avoidance of scarce
land usage in crowded areas and certain geopolitical considerations.