User guide – COE Calculation Tool for Wave Energy Converters: ver. 1.6 - April 2014

Julia Fernandez Chozas, Jens Peter Kofoed, Niels Ejner Helstrup Jensen

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Abstract

Aalborg University together with Energinet.dk and Julia F. Chozas Consulting Engineer, have released a freely available online spreadsheet to evaluate the Levelised Cost of Energy (LCOE) for wave energy projects. The open-access tool calculates the LCOE based on the power production of a Wave Energy Converter (WEC) at a particular location. Production data may derive from laboratory testing, numerical modelling or from sea trials.

The tool has been developed as a transparent and simple model that evaluates WEC’s economic feasibility in a range of locations, while scaling WEC’s features to the selected site.
Original languageEnglish
Place of PublicationAalborg
PublisherDepartment of Civil Engineering, Aalborg University
Edition1
Number of pages60
Publication statusPublished - 2014
SeriesDCE Technical reports
Number161
ISSN1901-726X

Keywords

  • Online Spreadsheet
  • Levelised Cost of Energy
  • LCOE
  • Wave Energy
  • Power Production

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