dc.contributor.author | Frost, C | |
dc.contributor.author | Findlay, D | |
dc.contributor.author | Johanning, L | |
dc.contributor.author | Macpherson, E | |
dc.contributor.author | Sayer, P | |
dc.date.accessioned | 2016-11-17T14:51:10Z | |
dc.date.issued | 2016-10-13 | |
dc.description.abstract | A high level economic model has been developed to map wave energy performance and levelised cost of en-ergy (LCOE). It takes time-series, gridded hindcast wave data, for example generated by SWAN (Simulating WAves Nearshore) software. Interpolating this data against a device power matrix, the wave conditions are converted to power, and then to LCOE using a discounting method and considering capital and operational costs. The results are presented as maps, which serve as high level site assessment tools and allow the most cost-competitive sites to be established. Initial results have been generated for Albatern Ltd, a Scottish wave energy developer and industrial part-ner of the research project. Their technology is the WaveNET, a small-scale array based device which is con-structed from 7.5 kW rated modular units (known as “Squids”). LCOE Maps have been created for a domain covering the Scottish Western Isles, as well as for NOAA hindcast datasets for regions around the world. This paper includes a sample case study, comparing the LCOE for a device concept at two different scales. The re-sults found that, while the larger device performs better over the majority of the area, there are places where the smaller device has a better LCOE, sometimes by as much as 20-30 p/kWh. These are in the more sheltered regions, and imply both that there is not a one fit all solution to wave energy, and that device scale is a param-eter which could be tuned for location | en_GB |
dc.description.sponsorship | The authors wish to thank the Energy Technology Institute and RCUK Energy programme for funding this research as part of the IDCORE programme (EP/J500847/1). | |
dc.identifier.citation | Progress in Renewable Energies Offshore: Proceedings of the 2nd International Conference on Renewable Energies Offshore (RENEW2016), Lisbon, Portugal, 24-26 October 2016 | en_GB |
dc.identifier.uri | http://hdl.handle.net/10871/24492 | |
dc.language.iso | en | en_GB |
dc.publisher | Taylor & Francis (CRC Press) | en_GB |
dc.relation.url | http://www.centec.tecnico.ulisboa.pt/renew2016/index.aspx | en_GB |
dc.rights.embargoreason | Publisher policy | en_GB |
dc.subject | Wave Energy | en_GB |
dc.subject | Economic Mapping | en_GB |
dc.title | Mapped economic modelling of wave energy | en_GB |
dc.type | Conference paper | en_GB |
dc.contributor.editor | Soares, CG | en_GB |
dc.identifier.isbn | 9781138626270 | |
dc.description | This is the author accepted manuscript. The final version is available from CRC Press | |