IDEAS home Printed from https://ideas.repec.org/a/eee/rensus/v117y2020ics1364032119307051.html
   My bibliography  Save this article

Study of a cost model of tidal energy farms in early design phases with parametrization and numerical values. Application to a second-generation device

Author

Listed:
  • López, A.
  • Morán, J.L.
  • Núñez, L.R.
  • Somolinos, J.A.

Abstract

Tidal Energy Conversion farms are a promising but not yet mature technology whose costs are still highly uncertain. In order to be able to predict costs for early Technology Readiness Level (TRL) phases, this paper presents a cost model in which a detailed parametrization of all Capital Expenditures and Operation and Maintenance items has been carried out, whose results make it possible to select the best design alternative in each case. Each parameter has been updated with numerical values based on both actual and foreseen costs. A generalist tool that integrates all these parameters and that calculates, among other variables, the Levelized Cost of Energy (LCOE) has also been developed. This tool, in which the parameters have been updated, has been applied as a case study to a single-rotor GESMEY-designed generator in the case of both fixed and controllable pitch; the numerical results for the operation parameters selected are also included. The model presented in this paper is proposed in order to compare different design alternatives, under user-defined operation conditions, for tidal energy projects in early TRL phases and the effect on their LCOE.

Suggested Citation

  • López, A. & Morán, J.L. & Núñez, L.R. & Somolinos, J.A., 2020. "Study of a cost model of tidal energy farms in early design phases with parametrization and numerical values. Application to a second-generation device," Renewable and Sustainable Energy Reviews, Elsevier, vol. 117(C).
  • Handle: RePEc:eee:rensus:v:117:y:2020:i:c:s1364032119307051
    DOI: 10.1016/j.rser.2019.109497
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S1364032119307051
    Download Restriction: Full text for ScienceDirect subscribers only

    File URL: https://libkey.io/10.1016/j.rser.2019.109497?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Mundada, Aishwarya S. & Shah, Kunal K. & Pearce, J.M., 2016. "Levelized cost of electricity for solar photovoltaic, battery and cogen hybrid systems," Renewable and Sustainable Energy Reviews, Elsevier, vol. 57(C), pages 692-703.
    2. Khan, N. & Kalair, A. & Abas, N. & Haider, A., 2017. "Review of ocean tidal, wave and thermal energy technologies," Renewable and Sustainable Energy Reviews, Elsevier, vol. 72(C), pages 590-604.
    3. Uihlein, Andreas & Magagna, Davide, 2016. "Wave and tidal current energy – A review of the current state of research beyond technology," Renewable and Sustainable Energy Reviews, Elsevier, vol. 58(C), pages 1070-1081.
    4. Myhr, Anders & Bjerkseter, Catho & Ågotnes, Anders & Nygaard, Tor A., 2014. "Levelised cost of energy for offshore floating wind turbines in a life cycle perspective," Renewable Energy, Elsevier, vol. 66(C), pages 714-728.
    5. Culley, D.M. & Funke, S.W. & Kramer, S.C. & Piggott, M.D., 2016. "Integration of cost modelling within the micro-siting design optimisation of tidal turbine arrays," Renewable Energy, Elsevier, vol. 85(C), pages 215-227.
    6. Sangiuliano, Stephen Joseph, 2017. "Turning of the tides: Assessing the international implementation of tidal current turbines," Renewable and Sustainable Energy Reviews, Elsevier, vol. 80(C), pages 971-989.
    7. Somolinos, J.A. & López, A. & Núñez, L.R. & Morales, R., 2017. "Dynamic model and experimental validation for the control of emersion manoeuvers of devices for marine currents harnessing," Renewable Energy, Elsevier, vol. 103(C), pages 333-345.
    8. Domenech, John & Eveleigh, Timothy & Tanju, Bereket, 2018. "Marine Hydrokinetic (MHK) systems: Using systems thinking in resource characterization and estimating costs for the practical harvest of electricity from tidal currents," Renewable and Sustainable Energy Reviews, Elsevier, vol. 81(P1), pages 723-730.
    9. Segura, E. & Morales, R. & Somolinos, J.A. & López, A., 2017. "Techno-economic challenges of tidal energy conversion systems: Current status and trends," Renewable and Sustainable Energy Reviews, Elsevier, vol. 77(C), pages 536-550.
    10. Eva Segura & Rafael Morales & José A. Somolinos, 2017. "Cost Assessment Methodology and Economic Viability of Tidal Energy Projects," Energies, MDPI, vol. 10(11), pages 1-27, November.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Fouz, D.M. & Carballo, R. & López, I. & Iglesias, G., 2022. "A holistic methodology for hydrokinetic energy site selection," Applied Energy, Elsevier, vol. 317(C).
    2. Khojasteh, Danial & Lewis, Matthew & Tavakoli, Sasan & Farzadkhoo, Maryam & Felder, Stefan & Iglesias, Gregorio & Glamore, William, 2022. "Sea level rise will change estuarine tidal energy: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 156(C).
    3. Fouz, D.M. & Carballo, R. & López, I. & González, X.P. & Iglesias, G., 2023. "A methodology for cost-effective analysis of hydrokinetic energy projects," Energy, Elsevier, vol. 282(C).
    4. Garcia-Novo, Patxi & Inubuse, Masako & Matsuno, Takeshi & Kyozuka, Yusaku & Archer, Philip & Matsuo, Hiroshi & Henzan, Katsuhiro & Sakaguchi, Daisaku, 2024. "Characterization of the wake generated downstream of a MW-scale tidal turbine in Naru Strait, Japan, based on vessel-mounted ADCP data," Energy, Elsevier, vol. 299(C).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Segura, E. & Morales, R. & Somolinos, J.A. & López, A., 2017. "Techno-economic challenges of tidal energy conversion systems: Current status and trends," Renewable and Sustainable Energy Reviews, Elsevier, vol. 77(C), pages 536-550.
    2. Segura, E. & Morales, R. & Somolinos, J.A., 2018. "A strategic analysis of tidal current energy conversion systems in the European Union," Applied Energy, Elsevier, vol. 212(C), pages 527-551.
    3. Qian, Peng & Feng, Bo & Liu, Hao & Tian, Xiange & Si, Yulin & Zhang, Dahai, 2019. "Review on configuration and control methods of tidal current turbines," Renewable and Sustainable Energy Reviews, Elsevier, vol. 108(C), pages 125-139.
    4. Eva Segura & Rafael Morales & José A. Somolinos, 2019. "Increasing the Competitiveness of Tidal Systems by Means of the Improvement of Installation and Maintenance Maneuvers in First Generation Tidal Energy Converters—An Economic Argumentation," Energies, MDPI, vol. 12(13), pages 1-27, June.
    5. del Horno, L. & Segura, E. & Morales, R. & Somolinos, J.A., 2020. "Exhaustive closed loop behavior of an one degree of freedom first-generation device for harnessing energy from marine currents," Applied Energy, Elsevier, vol. 276(C).
    6. Segura, E. & Morales, R. & Somolinos, J.A., 2018. "Economic-financial modeling for marine current harnessing projects," Energy, Elsevier, vol. 158(C), pages 859-880.
    7. Eva Segura & Rafael Morales & José A. Somolinos, 2019. "Influence of Automated Maneuvers on the Economic Feasibility of Tidal Energy Farms," Sustainability, MDPI, vol. 11(21), pages 1-22, October.
    8. Li, Gang & Zhu, Weidong, 2022. "Time-delay closed-loop control of an infinitely variable transmission system for tidal current energy converters," Renewable Energy, Elsevier, vol. 189(C), pages 1120-1132.
    9. Zhongliang Meng & Yanjun Liu & Jian Qin & Yun Chen, 2020. "Mathematical Modeling and Experimental Verification of a New Wave Energy Converter," Energies, MDPI, vol. 14(1), pages 1-13, December.
    10. Jahanshahi, Akram & Kamali, Mohammadreza & Khalaj, Mohammadreza & Khodaparast, Zahra, 2019. "Delphi-based prioritization of economic criteria for development of wave and tidal energy technologies," Energy, Elsevier, vol. 167(C), pages 819-827.
    11. Bianchi, Marco & Fernandez, Iratxe Fernandez, 2024. "A systematic methodology to assess local economic impacts of ocean renewable energy projects: Application to a tidal energy farm," Renewable Energy, Elsevier, vol. 221(C).
    12. Burić, Melita & Grgurić, Sanja & Mikulčić, Hrvoje & Wang, Xuebin, 2021. "A numerical investigation of tidal current energy resource potential in a sea strait," Energy, Elsevier, vol. 234(C).
    13. Anthony Roy & François Auger & Florian Dupriez-Robin & Salvy Bourguet & Quoc Tuan Tran, 2018. "Electrical Power Supply of Remote Maritime Areas: A Review of Hybrid Systems Based on Marine Renewable Energies," Energies, MDPI, vol. 11(7), pages 1-27, July.
    14. Ophelie Choupin & Michael Henriksen & Amir Etemad-Shahidi & Rodger Tomlinson, 2021. "Breaking-Down and Parameterising Wave Energy Converter Costs Using the CapEx and Similitude Methods," Energies, MDPI, vol. 14(4), pages 1-27, February.
    15. Eva Segura & Rafael Morales & José A. Somolinos, 2017. "Cost Assessment Methodology and Economic Viability of Tidal Energy Projects," Energies, MDPI, vol. 10(11), pages 1-27, November.
    16. Clemente, D. & Rosa-Santos, P. & Taveira-Pinto, F., 2021. "On the potential synergies and applications of wave energy converters: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 135(C).
    17. Radfar, Soheil & Panahi, Roozbeh & Javaherchi, Teymour & Filom, Siyavash & Mazyaki, Ahmad Rezaee, 2017. "A comprehensive insight into tidal stream energy farms in Iran," Renewable and Sustainable Energy Reviews, Elsevier, vol. 79(C), pages 323-338.
    18. Hu, Huakun & Xue, Wendong & Jiang, Peng & Li, Yong, 2022. "Bibliometric analysis for ocean renewable energy: An comprehensive review for hotspots, frontiers, and emerging trends," Renewable and Sustainable Energy Reviews, Elsevier, vol. 167(C).
    19. M. S. Chowdhury & Kazi Sajedur Rahman & Vidhya Selvanathan & Narissara Nuthammachot & Montri Suklueng & Ali Mostafaeipour & Asiful Habib & Md. Akhtaruzzaman & Nowshad Amin & Kuaanan Techato, 2021. "Current trends and prospects of tidal energy technology," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 23(6), pages 8179-8194, June.
    20. Lamy, Julian V. & Azevedo, Inês L., 2018. "Do tidal stream energy projects offer more value than offshore wind farms? A case study in the United Kingdom," Energy Policy, Elsevier, vol. 113(C), pages 28-40.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:rensus:v:117:y:2020:i:c:s1364032119307051. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/wps/find/journaldescription.cws_home/600126/description#description .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.