Economic viability of floating wave power farms considering the energy generated in the near future

• DOI: 10.1016/j.renene.2024.119947
• Publication Date: 2024-01-03T04:45:32Z
• Authors: Laura Castro-Santos; Almudena Filgueir...; Xurxo Costoya; Beatriz Arguilé-P...; Américo Soares Ri...
• Keywords: Wave Power; Energy current; Peninsula

This article aims to analyse the economic viability of floating wave energy farms for present and next twenty years. The potential waves mainly depends on climate, so current near future analysis is crucial determine in a particular location. Current resources were considered assess main parameters (Net Present Value (NPV), Internal Rate Return (IRR) Levelized Cost Energy (LCOE)) that allow know feasibility farms. study takes one step forward determining evaluation located deep waters using their projections. case this paper Atlantic coast Iberian Peninsula. Results indicate reduction principally affects NPV LCOE farm.