Determination of the right wave by empirical statistics: The wave energy resource assessment and the investigation of existing marine and coastal potential compatibility

In competition with other resources, ocean waves provide abundant supply of clean, safe, and reliable energy, but this source needs to be made an economical source for natural energy harvest. For this purpose, a wave energy conversion device is developed through various mechanisms by using ocean fluctuations that affect the ecosystems. The study was developed for the user to reduce the need for profitability of competitive balance and to support decision-makers who govern the equations for identifying locations for wave energy conversion facilities. Our model of wave energy harvesting is based on the analysis of the wave energy facility to quantify the net present value (NPV) of capital investment and evaluation. The proposed model has a local, regional, and flexible framework that can be applied even to the global scale for the wave energy conversion projects. The proposed model can be applied to the ongoing marine spatial planning. Specifically, the applications and ecological characteristics with an existing data collected by laboratory experiments and filed investigations, and the work of the various studies of the quantitative analysis of the compatibility of the commercial fishery data analysis spatial overlap. According to the empirical statistics, we found that the waves of the ocean around the west of Taiwan Island, had a great potential for high harvest, and offshore wave energy gradually increased. However, it comes to have an area of high economic potential whilst taking advantage of wave energy equipment to support the acquisition of a number of different coastal energy, the cost of the landing point of the submarine cable. The NPV is maximized if the conflict of use agreement is in place in the existing sea area. It is possible to build a wave energy facility in order to minimize the maximum composite wave energy and other economic uses. The high possibility of building the facility benefits the goal of this research. By mapping the wave energy, the governing equations of the study can assist decision-makers to use NPV to explore an alternative location for wave energy conversion facilities in order to reap the maximum returns. It is expected that the high potential areas would not be exploited in the race of capturing the existing marine space.