TY - JOUR
T1 - Economic feasibility assessment of cage aquaculture in offshore wind power generation areas in Changhua County, Taiwan
AU - Huang, Cheng Ting
AU - Afero, Farok
AU - Hung, Chun Wei
AU - Chen, Bo Ying
AU - Nan, Fan Hua
AU - Chiang, Wen Son
AU - Tang, Hung Jie
AU - Kang, Chao Kai
N1 - Funding Information:
The research on which this report is based was financed by a grant from the Taiwan Power Company . The authors would also like to thank the farmers for participating in the interviews and for providing valuable information on cage culture farming. The authors wish to express their sincere gratitude to the anonymous reviewers whose valuable suggestions greatly improved this paper.
Publisher Copyright:
© 2021 Elsevier B.V.
PY - 2022/2/15
Y1 - 2022/2/15
N2 - This paper assesses the economic feasibility of cage aquaculture in the offshore wind farm area of Changhua, Taiwan. According to the cost-benefit analysis, the results of cage aquaculture simulation for three species are economically feasible and the most suitable investment project is suggested to deploy 16 cages at the beginning. However, according to sensitivity analysis, at the current survival rates and purchasing prices, there is still a gap from the breakeven point in various scenarios. Hence, this paper argues that, if Taiwan's offshore wind power generation can be integrated with cage aquaculture, the conflict over sea area usage can be solved in order to create more employment opportunities.
AB - This paper assesses the economic feasibility of cage aquaculture in the offshore wind farm area of Changhua, Taiwan. According to the cost-benefit analysis, the results of cage aquaculture simulation for three species are economically feasible and the most suitable investment project is suggested to deploy 16 cages at the beginning. However, according to sensitivity analysis, at the current survival rates and purchasing prices, there is still a gap from the breakeven point in various scenarios. Hence, this paper argues that, if Taiwan's offshore wind power generation can be integrated with cage aquaculture, the conflict over sea area usage can be solved in order to create more employment opportunities.
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U2 - 10.1016/j.aquaculture.2021.737611
DO - 10.1016/j.aquaculture.2021.737611
M3 - Article
AN - SCOPUS:85118235896
VL - 548
JO - Aquaculture
JF - Aquaculture
SN - 0044-8486
M1 - 737611
ER -