RT Journal Article
T1 A methodology for cost-effective analysis of hydrokinetic energy projects
A1 Fouz, David Mateo
A1 Carballo Sánchez, Rodrigo
A1 López Moreira, Iván
A1 González Vázquez, Xesús Pablo
A1 Iglesias Rodríguez, Gregorio
K1 Tidal stream
K1 Tidal energy
K1 Marine renewable energy
K1 Offshore renewable energy
K1 Cost model
K1 Energy production model
AB The cost-effective analysis (CEA) of hydrokinetic farms is typically based on simplistic assumptions regarding the performance and cost structure of hydrokinetic energy converters (HECs) and, in consequence, may lead to ill-informed decision-making. In this work, a novel approach to selecting the most appropriate combination of HEC and site within a coastal area is developed, with the accurate computation of the CEA parameters as the cornerstone. The approach, which is illustrated through a case study in the Shannon Estuary (W Ireland), encompasses four models, namely: (i) HEC-site selection model, (ii) energy production model, (iii) CAPEX model, and (iv) OPEX model. By avoiding simplistic assumptions, the proposed approach improves on current procedures and enables developers to accurately compute any cost-effective parameter of interest. In particular, operation and maintenance costs are considered, along with economies of scale, which are typically disregarded in existing procedures. Beyond the interest of the results of the Shannon case study, the approach can be implemented in other regions with potential for hydrokinetic energy conversion
PB Elsevier
SN 0360-5442
YR 2023
FD 2023-07-15
LK http://hdl.handle.net/10347/31223
UL http://hdl.handle.net/10347/31223
LA eng
NO Energy 282 (2023) 128373
NO This work was supported by the PORTOS project, which is co-financed by the Interreg Atlantic Area Programme, through the European Regional Development Fund [grant number EAPA_784/2018] and ‘Axudas para a consolidación e estruturación de unidades de investigación competitivas nas universidades do Sistema Universitario Galego (2020–22)’ with reference number ED341B 2020/25.During this work, D.M. Fouz was supported by a predoctoral grant of the ‘Convocatoria de contratos predoutorais do Campus de Especialización Campus Terra’ with reference number 8042-272B-64100
DS Minerva
RD 24 abr 2026