Developments of energy in EU–unlocking the wave energy potential

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Abstract

The New Entrance Reserve (NER300) is one of the leading mechanisms used for the application and promotion of clean energy projects. In this context, this study aims to investigate the evolution of wave energy projects within the first and second call of NER300. Furthermore, the study tries to identify the reasons of successful applications through an estimation analysis of energy production, avoided emission and energy security. Milder resources contain ‘hidden’ opportunities for wave energy, with lower expenditure and capacity factors equivalent and even over 20%. Lower extreme events indicate that associated installation costs can be considered reduced, thus the potential cost of energy may act as a positive driver for future development. The results of the study argue that there are regions with ‘hidden’ opportunities that can accelerate proof-of-concept and enhance viability for wave energy.
Original languageEnglish
Pages (from-to)208-226
JournalInternational Journal of Sustainable Energy
Volume38
Issue number3
DOIs
Publication statusPublished - 2019

Keywords

  • NER300
  • funding
  • wave energy
  • renewable energy

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