| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 4926585 | Renewable Energy | 2017 | 17 Pages |
Abstract
Based on energy analysis data, an economic performance and payback period of a hypothetical wave farm is examined. With little information on wave energy in the region, this preliminary cost-to-benefit analysis shows the viability of wave converters. Even with high capital expenditure associated with novel technologies, certain scenarios achieve amortization periods at 7.5 years for a properly selected converter. Results are comparable with previous renewable schemes aimed at increasing the cumulative installation of other early stage technologies.
Related Topics
Physical Sciences and Engineering
Energy
Renewable Energy, Sustainability and the Environment
Authors
George Lavidas, Vengatesan Venugopal,