[go: up one dir, main page]
IDEAS home Printed from https://ideas.repec.org/a/eee/appene/v364y2024ics0306261924005026.html
   My bibliography  Save this article

Techno-economic assessment of global and regional wave energy resource potentials and profiles in hourly resolution

Author

Listed:
  • Satymov, Rasul
  • Bogdanov, Dmitrii
  • Dadashi, Mojtaba
  • Lavidas, George
  • Breyer, Christian
Abstract
Climate change is driving the adoption of sustainable energy, with low-cost solar photovoltaics and wind power at the forefront. However, land-constrained regions and islands have a limited onshore renewable energy potential. Wave power may prove useful for such regions, supported by growing literature in the field. This study delves into wave power's techno-economic potential, addressing a gap in previous assessments focused solely on theoretical or technical prospects. Utilising hourly wave data and a wave energy converter manufacturer's power matrix, global wave electricity yield is estimated. Considering projected costs, levelised cost of electricity is used to gauge economic viability. Although wave power is currently expensive, the results suggest that it could become cost-competitive with offshore wind power in the 2030s, with levelised cost of electricity below 70 €/MWh by 2035 in areas with good wave energy resources. Finally, the paper contributes openly accessible, hourly capacity factor data of global wave power generation, empowering further energy system modelling research. This study paves the way for informed decision-making on wave power's role in a diversified, sustainable energy future.

Suggested Citation

  • Satymov, Rasul & Bogdanov, Dmitrii & Dadashi, Mojtaba & Lavidas, George & Breyer, Christian, 2024. "Techno-economic assessment of global and regional wave energy resource potentials and profiles in hourly resolution," Applied Energy, Elsevier, vol. 364(C).
    • Handle: RePEc:eee:appene:v:364:y:2024:i:c:s0306261924005026
    DOI: 10.1016/j.apenergy.2024.123119
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0306261924005026
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.apenergy.2024.123119?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. Pasquale Contestabile & Enrico Di Lauro & Paolo Galli & Cesare Corselli & Diego Vicinanza, 2017. "Offshore Wind and Wave Energy Assessment around Malè and Magoodhoo Island (Maldives)," Sustainability, MDPI, vol. 9(4), pages 1-24, April.
    2. Langer, Jannis & Infante Ferreira, Carlos & Quist, Jaco, 2022. "Is bigger always better? Designing economically feasible ocean thermal energy conversion systems using spatiotemporal resource data," Applied Energy, Elsevier, vol. 309(C).
    3. Gao, Qiang & Khan, Salman Saeed & Sergiienko, Nataliia & Ertugrul, Nesimi & Hemer, Mark & Negnevitsky, Michael & Ding, Boyin, 2022. "Assessment of wind and wave power characteristic and potential for hybrid exploration in Australia," Renewable and Sustainable Energy Reviews, Elsevier, vol. 168(C).
    4. George Lavidas & Francesco De Leo & Giovanni Besio, 2020. "Blue Growth Development in the Mediterranean Sea: Quantifying the Benefits of an Integrated Wave Energy Converter at Genoa Harbour," Energies, MDPI, vol. 13(16), pages 1-14, August.
    5. Wang, Zhenni & Wen, Xin & Tan, Qiaofeng & Fang, Guohua & Lei, Xiaohui & Wang, Hao & Yan, Jinyue, 2021. "Potential assessment of large-scale hydro-photovoltaic-wind hybrid systems on a global scale," Renewable and Sustainable Energy Reviews, Elsevier, vol. 146(C).
    6. Bozzi, Silvia & Giassi, Marianna & Moreno Miquel, Adrià & Antonini, Alessandro & Bizzozero, Federica & Gruosso, Giambattista & Archetti, Renata & Passoni, Giuseppe, 2017. "Wave energy farm design in real wave climates: the Italian offshore," Energy, Elsevier, vol. 122(C), pages 378-389.
    7. Pennock, Shona & Coles, Daniel & Angeloudis, Athanasios & Bhattacharya, Saptarshi & Jeffrey, Henry, 2022. "Temporal complementarity of marine renewables with wind and solar generation: Implications for GB system benefits," Applied Energy, Elsevier, vol. 319(C).
    8. Reguero, B.G. & Losada, I.J. & Méndez, F.J., 2015. "A global wave power resource and its seasonal, interannual and long-term variability," Applied Energy, Elsevier, vol. 148(C), pages 366-380.
    9. Ulazia, Alain & Saenz-Aguirre, Aitor & Ibarra-Berastegui, Gabriel & Sáenz, Jon & Carreno-Madinabeitia, Sheila & Esnaola, Ganix, 2023. "Performance variations of wave energy converters due to global long-term wave period change (1900–2010)," Energy, Elsevier, vol. 268(C).
    10. Liliana Rusu & Eugen Rusu, 2021. "Evaluation of the Worldwide Wave Energy Distribution Based on ERA5 Data and Altimeter Measurements," Energies, MDPI, vol. 14(2), pages 1-16, January.
    11. Marco Segreto & Lucas Principe & Alexandra Desormeaux & Marco Torre & Laura Tomassetti & Patrizio Tratzi & Valerio Paolini & Francesco Petracchini, 2020. "Trends in Social Acceptance of Renewable Energy Across Europe—A Literature Review," IJERPH, MDPI, vol. 17(24), pages 1-19, December.
    12. Martinez, A. & Iglesias, G., 2020. "Wave exploitability index and wave resource classification," Renewable and Sustainable Energy Reviews, Elsevier, vol. 134(C).
    13. Babarit, A. & Hals, J. & Muliawan, M.J. & Kurniawan, A. & Moan, T. & Krokstad, J., 2012. "Numerical benchmarking study of a selection of wave energy converters," Renewable Energy, Elsevier, vol. 41(C), pages 44-63.
    14. Lavidas, George, 2020. "Selection index for Wave Energy Deployments (SIWED): A near-deterministic index for wave energy converters," Energy, Elsevier, vol. 196(C).
    15. Aghahosseini, Arman & Solomon, A.A. & Breyer, Christian & Pregger, Thomas & Simon, Sonja & Strachan, Peter & Jäger-Waldau, Arnulf, 2023. "Energy system transition pathways to meet the global electricity demand for ambitious climate targets and cost competitiveness," Applied Energy, Elsevier, vol. 331(C).
    16. Abdelrahman Azzuni & Christian Breyer, 2020. "Global Energy Security Index and Its Application on National Level," Energies, MDPI, vol. 13(10), pages 1-49, May.
    17. Brigitte Vlaswinkel & Pauline Roos & Mei Nelissen, 2023. "Environmental Observations at the First Offshore Solar Farm in the North Sea," Sustainability, MDPI, vol. 15(8), pages 1-20, April.
    18. Lavidas, George & Venugopal, Vengatesan, 2018. "Application of numerical wave models at European coastlines: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 92(C), pages 489-500.
    19. Tianshi Du & Zhao Jing & Lixin Wu & Hong Wang & Zhaohui Chen & Xiaohui Ma & Bolan Gan & Haiyuan Yang, 2022. "Growth of ocean thermal energy conversion resources under greenhouse warming regulated by oceanic eddies," Nature Communications, Nature, vol. 13(1), pages 1-9, December.
    20. Soares-Ramos, Emanuel P.P. & de Oliveira-Assis, Lais & Sarrias-Mena, Raúl & Fernández-Ramírez, Luis M., 2020. "Current status and future trends of offshore wind power in Europe," Energy, Elsevier, vol. 202(C).
    21. Veigas, M. & Ramos, V. & Iglesias, G., 2014. "A wave farm for an island: Detailed effects on the nearshore wave climate," Energy, Elsevier, vol. 69(C), pages 801-812.
    22. Tunde Aderinto & Hua Li, 2019. "Review on Power Performance and Efficiency of Wave Energy Converters," Energies, MDPI, vol. 12(22), pages 1-24, November.
    23. Lavidas, George & Blok, Kornelis, 2021. "Shifting wave energy perceptions: The case for wave energy converter (WEC) feasibility at milder resources," Renewable Energy, Elsevier, vol. 170(C), pages 1143-1155.
    24. Domenico Curto & Vincenzo Franzitta & Andrea Guercio, 2021. "Sea Wave Energy. A Review of the Current Technologies and Perspectives," Energies, MDPI, vol. 14(20), pages 1-31, October.
    25. Alvarez-Silva, O.A. & Osorio, A.F. & Winter, C., 2016. "Practical global salinity gradient energy potential," Renewable and Sustainable Energy Reviews, Elsevier, vol. 60(C), pages 1387-1395.
    26. Satymov, Rasul & Bogdanov, Dmitrii & Breyer, Christian, 2022. "Global-local analysis of cost-optimal onshore wind turbine configurations considering wind classes and hub heights," Energy, Elsevier, vol. 256(C).
    27. Reikard, Gordon & Robertson, Bryson & Bidlot, Jean-Raymond, 2015. "Combining wave energy with wind and solar: Short-term forecasting," Renewable Energy, Elsevier, vol. 81(C), pages 442-456.
    28. Bouke Wiersma & Patrick Devine‐Wright, 2014. "Public engagement with offshore renewable energy: a critical review," Wiley Interdisciplinary Reviews: Climate Change, John Wiley & Sons, vol. 5(4), pages 493-507, July.
    29. Rusu, Eugen & Onea, Florin, 2019. "A parallel evaluation of the wind and wave energy resources along the Latin American and European coastal environments," Renewable Energy, Elsevier, vol. 143(C), pages 1594-1607.
    30. Fadaeenejad, M. & Shamsipour, R. & Rokni, S.D. & Gomes, C., 2014. "New approaches in harnessing wave energy: With special attention to small islands," Renewable and Sustainable Energy Reviews, Elsevier, vol. 29(C), pages 345-354.
    31. Skea, Jim, 2010. "Valuing diversity in energy supply," Energy Policy, Elsevier, vol. 38(7), pages 3608-3621, July.
    32. Pelc, Robin & Fujita, Rod M., 2002. "Renewable energy from the ocean," Marine Policy, Elsevier, vol. 26(6), pages 471-479, November.
    33. Iglesias, G. & Carballo, R., 2011. "Wave resource in El Hierro—an island towards energy self-sufficiency," Renewable Energy, Elsevier, vol. 36(2), pages 689-698.
    34. Henning Meschede & Paul Bertheau & Siavash Khalili & Christian Breyer, 2022. "A review of 100% renewable energy scenarios on islands," Wiley Interdisciplinary Reviews: Energy and Environment, Wiley Blackwell, vol. 11(6), November.
    35. Keiner, Dominik & Salcedo-Puerto, Orlando & Immonen, Ekaterina & van Sark, Wilfried G.J.H.M. & Nizam, Yoosuf & Shadiya, Fathmath & Duval, Justine & Delahaye, Timur & Gulagi, Ashish & Breyer, Christian, 2022. "Powering an island energy system by offshore floating technologies towards 100% renewables: A case for the Maldives," Applied Energy, Elsevier, vol. 308(C).
    36. Stefania Naty & Antonino Viviano & Enrico Foti, 2016. "Wave Energy Exploitation System Integrated in the Coastal Structure of a Mediterranean Port," Sustainability, MDPI, vol. 8(12), pages 1-19, December.
    37. Tagliafierro, Bonaventura & Martínez-Estévez, Iván & Domínguez, José M. & Crespo, Alejandro J.C. & Göteman, Malin & Engström, Jens & Gómez-Gesteira, Moncho, 2022. "A numerical study of a taut-moored point-absorber wave energy converter with a linear power take-off system under extreme wave conditions," Applied Energy, Elsevier, vol. 311(C).
    38. Sheng, Wanan, 2019. "Wave energy conversion and hydrodynamics modelling technologies: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 109(C), pages 482-498.
    39. Beatty, Scott J. & Wild, Peter & Buckham, Bradley J., 2010. "Integration of a wave energy converter into the electricity supply of a remote Alaskan island," Renewable Energy, Elsevier, vol. 35(6), pages 1203-1213.
    40. Pennock, Shona & Vanegas-Cantarero, María M. & Bloise-Thomaz, Tianna & Jeffrey, Henry & Dickson, Matthew J., 2022. "Life cycle assessment of a point-absorber wave energy array," Renewable Energy, Elsevier, vol. 190(C), pages 1078-1088.
    41. 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.
    42. Gunn, Kester & Stock-Williams, Clym, 2012. "Quantifying the global wave power resource," Renewable Energy, Elsevier, vol. 44(C), pages 296-304.
    43. Altaee, Ali & Cipolina, Andrea, 2019. "Modelling and optimization of modular system for power generation from a salinity gradient," Renewable Energy, Elsevier, vol. 141(C), pages 139-147.
    44. Bogdanov, Dmitrii & Ram, Manish & Aghahosseini, Arman & Gulagi, Ashish & Oyewo, Ayobami Solomon & Child, Michael & Caldera, Upeksha & Sadovskaia, Kristina & Farfan, Javier & De Souza Noel Simas Barbos, 2021. "Low-cost renewable electricity as the key driver of the global energy transition towards sustainability," Energy, Elsevier, vol. 227(C).
    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. Zimasa Macingwane & Alessandro Schönborn, 2024. "Techno-Economic Analysis of Green Hydrogen Production as Maritime Fuel from Wave Energy," Energies, MDPI, vol. 17(18), pages 1-20, September.
    2. Evangelos E. Pompodakis & Georgios I. Orfanoudakis & Yiannis Katsigiannis & Emmanouel Karapidakis, 2024. "Techno-Economic Feasibility Analysis of an Offshore Wave Power Facility in the Aegean Sea, Greece," Energies, MDPI, vol. 17(18), pages 1-23, September.
    3. Keiner, Dominik & Gulagi, Ashish & Satymov, Rasul & Etongo, Daniel & Lavidas, George & Oyewo, Ayobami S. & Khalili, Siavash & Breyer, Christian, 2024. "Future role of wave power in Seychelles: A structured sensitivity analysis empowered by a novel EnergyPLAN-based optimisation tool," Energy, Elsevier, vol. 303(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. Choupin, Ophelie & Del Río-Gamero, B. & Schallenberg-Rodríguez, Julieta & Yánez-Rosales, Pablo, 2022. "Integration of assessment-methods for wave renewable energy: Resource and installation feasibility," Renewable Energy, Elsevier, vol. 185(C), pages 455-482.
    2. Choupin, O. & Pinheiro Andutta, F. & Etemad-Shahidi, A. & Tomlinson, R., 2021. "A decision-making process for wave energy converter and location pairing," Renewable and Sustainable Energy Reviews, Elsevier, vol. 147(C).
    3. Chenglong Guo & Wanan Sheng & Dakshina G. De Silva & George Aggidis, 2023. "A Review of the Levelized Cost of Wave Energy Based on a Techno-Economic Model," Energies, MDPI, vol. 16(5), pages 1-30, February.
    4. Manuel Corrales-Gonzalez & George Lavidas & Giovanni Besio, 2023. "Feasibility of Wave Energy Harvesting in the Ligurian Sea, Italy," Sustainability, MDPI, vol. 15(11), pages 1-22, June.
    5. Choupin, O. & Têtu, A. & Del Río-Gamero, B. & Ferri, F. & Kofoed, JP., 2022. "Premises for an annual energy production and capacity factor improvement towards a few optimised wave energy converters configurations and resources pairs," Applied Energy, Elsevier, vol. 312(C).
    6. Keiner, Dominik & Salcedo-Puerto, Orlando & Immonen, Ekaterina & van Sark, Wilfried G.J.H.M. & Nizam, Yoosuf & Shadiya, Fathmath & Duval, Justine & Delahaye, Timur & Gulagi, Ashish & Breyer, Christian, 2022. "Powering an island energy system by offshore floating technologies towards 100% renewables: A case for the Maldives," Applied Energy, Elsevier, vol. 308(C).
    7. Eelsalu, Maris & Montoya, Rubén D. & Aramburo, Darwin & Osorio, Andrés F. & Soomere, Tarmo, 2024. "Spatial and temporal variability of wave energy resource in the eastern Pacific from Panama to the Drake passage," Renewable Energy, Elsevier, vol. 224(C).
    8. Egidijus Kasiulis & Jens Peter Kofoed & Arvydas Povilaitis & Algirdas Radzevičius, 2017. "Spatial Distribution of the Baltic Sea Near-Shore Wave Power Potential along the Coast of Klaipėda, Lithuania," Energies, MDPI, vol. 10(12), pages 1-18, December.
    9. Wan, Ling & Moan, Torgeir & Gao, Zhen & Shi, Wei, 2024. "A review on the technical development of combined wind and wave energy conversion systems," Energy, Elsevier, vol. 294(C).
    10. Galimova, Tansu & Satymov, Rasul & Keiner, Dominik & Breyer, Christian, 2024. "Sustainable energy transition of Greenland and its prospects as a potential Arctic e-fuel and e-chemical export hub for Europe and East Asia," Energy, Elsevier, vol. 286(C).
    11. Fairley, Iain & Lewis, Matthew & Robertson, Bryson & Hemer, Mark & Masters, Ian & Horrillo-Caraballo, Jose & Karunarathna, Harshinie & Reeve, Dominic E., 2020. "A classification system for global wave energy resources based on multivariate clustering," Applied Energy, Elsevier, vol. 262(C).
    12. Muhammed Zafar Ali Khan & Haider Ali Khan & Muhammad Aziz, 2022. "Harvesting Energy from Ocean: Technologies and Perspectives," Energies, MDPI, vol. 15(9), pages 1-43, May.
    13. Keiner, Dominik & Gulagi, Ashish & Satymov, Rasul & Etongo, Daniel & Lavidas, George & Oyewo, Ayobami S. & Khalili, Siavash & Breyer, Christian, 2024. "Future role of wave power in Seychelles: A structured sensitivity analysis empowered by a novel EnergyPLAN-based optimisation tool," Energy, Elsevier, vol. 303(C).
    14. Ahn, Seongho & Haas, Kevin A. & Neary, Vincent S., 2020. "Wave energy resource characterization and assessment for coastal waters of the United States," Applied Energy, Elsevier, vol. 267(C).
    15. Nicolas Guillou & George Lavidas & Bahareh Kamranzad, 2023. "Wave Energy in Brittany (France)—Resource Assessment and WEC Performances," Sustainability, MDPI, vol. 15(2), pages 1-27, January.
    16. Morim, Joao & Cartwright, Nick & Hemer, Mark & Etemad-Shahidi, Amir & Strauss, Darrell, 2019. "Inter- and intra-annual variability of potential power production from wave energy converters," Energy, Elsevier, vol. 169(C), pages 1224-1241.
    17. Seongho Ahn & Kevin A. Haas & Vincent S. Neary, 2020. "Dominant Wave Energy Systems and Conditional Wave Resource Characterization for Coastal Waters of the United States," Energies, MDPI, vol. 13(12), pages 1-26, June.
    18. Peng, Wei & Zhang, Yingnan & Zou, Qingping & Zhang, Jisheng & Li, Haoran, 2024. "Effect of varying PTO on a triple floater wave energy converter-breakwater hybrid system: An experimental study," Renewable Energy, Elsevier, vol. 224(C).
    19. George Lavidas & Francesco De Leo & Giovanni Besio, 2020. "Blue Growth Development in the Mediterranean Sea: Quantifying the Benefits of an Integrated Wave Energy Converter at Genoa Harbour," Energies, MDPI, vol. 13(16), pages 1-14, August.
    20. Mustapa, M.A. & Yaakob, O.B. & Ahmed, Yasser M. & Rheem, Chang-Kyu & Koh, K.K. & Adnan, Faizul Amri, 2017. "Wave energy device and breakwater integration: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 77(C), pages 43-58.

    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:appene:v:364:y:2024:i:c:s0306261924005026. 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/405891/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.