Accepted author manuscript, 392 KB, PDF document
Research output: Contribution in Book/Report/Proceedings - With ISBN/ISSN › Conference contribution/Paper › peer-review
Research output: Contribution in Book/Report/Proceedings - With ISBN/ISSN › Conference contribution/Paper › peer-review
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TY - GEN
T1 - A Review of the Levelized Cost of Wave Energy Based on a Techno-Economic Model
AU - Guo, Chenglong
AU - Sheng, Wanan
AU - De Silva, Dakshina
AU - Aggidis, George
PY - 2023/6/22
Y1 - 2023/6/22
N2 - Currently, there are many different wave energy converters. Their levelized cost of energy of extracting wave energy are still much higher than other matured renewables. The findings of the review show that disagreements of levelized cost of energy are due to the different cost constitutions and their measuring method of capital expenditure and operational expenditure. In the assumed scenario of case study with structure of cost, one-step investment program of half-discounted model is superior to the multi-step investment of discount model. Thus, investment form should be considered into the variables of levelized cost of energy
AB - Currently, there are many different wave energy converters. Their levelized cost of energy of extracting wave energy are still much higher than other matured renewables. The findings of the review show that disagreements of levelized cost of energy are due to the different cost constitutions and their measuring method of capital expenditure and operational expenditure. In the assumed scenario of case study with structure of cost, one-step investment program of half-discounted model is superior to the multi-step investment of discount model. Thus, investment form should be considered into the variables of levelized cost of energy
M3 - Conference contribution/Paper
SN - 9781880653807
SP - 663
EP - 669
BT - ISOPE 2023
PB - ISOPE
ER -