Cost-performance framework for the assessment of Modular Multilevel Converter in HVDC transmission applications

This article proposes a methodology of Cost-Performance Assessment (CPA) enabling the efficient cost evaluation required for the Cost-Benefit Analysis (CBA). The proposed method is applied for the Modular Multilevel Converter (MMC) in offshore wind high voltage direct current (HVDC) transmission. Thanks to the developed model, an analysis of submodule voltage rating is performed demonstrating the interest of this methodology in the evaluation of new technologies for HVDC transmission. The analysis shows that increasing the submodule (SM) voltage could lead to savings in the MMC cost and weight.