INDUSTRY SHOWCASE
WES’ project managers, Iain Begg and Peter Dennis discussing new concepts
proposals. To date WES has issued three funding calls for Power Take Off (PTO), Novel Wave Energy Converters (NWEC) and Structural Materials and Manufacturing Processes (SMMP) subcomponents. Seventeen different technologies
entered the PTO programme and eight NWECs have just completed their tank testing schedules. WES is about to evaluate each of the NWEC technologies to decide which projects progress to stage 2 and receive further funding for their concepts.
ATTRACTING FURTHER INTEREST INDEPENDENT REVIEW
The organisation will announce its fourth funding call for Control Systems in early April 2017. Stage 1 projects and proposals are being sought for this call. It’s expected that this particular call will attract interest from other sectors as consortia may look to apply current technologies from aviation, automotive, marine shipping and manoeuvering and other areas.
Wave Energy Scotland SCAN/CLICK
With such strong results, an independent review of the study was then conducted by the Australian Renewable Energy Agency’s (ARENA) independent technical reviewers, BMT-WBM, who endorsed the conclusions of the feasibility study. LCOE estimates for the first 60MW mWave wavefarm range between €17c - €33c/ kWhr. This compares to Ocean Energy Europe’s cost projections of between €31c - €58c/kWhr for wavefarms at the equivalent installed capacity.
MORE INFO
“The independent review of the study confirmed the technical and commercial potential of our mWave wavefarms,” Bombora’s Chief Executive Officer, Sam Leighton explained.
REVIEW BACKS UP COMMERCIALITY CLAIMS
The Australian designed mWave wave energy converter has been put under the microscope over the last 12 months
Keen to prove its commercial potential prior to deployment, developers Bombora Wave Power Pty Ltd released a detailed Levelised Cost of Energy (LCOE) analysis which concluded the potential cost of electricity for a 60MW mWave wave farm was well below Ocean Energy Europe’s wave energy cost projections.
“We believe, and the studies now confirm, that mWave wavefarms will be competitive with other commercially successful renewables, such as offshore wind, by as early as the mid 2020’s.”
PROJECT OPPORTUNITIES
The feasibility study was based on 40 mWave at a site in Portugal, selected by Bombora as an excellent location for the wavefarm. Whilst the environmental approvals process is currently underway in Peniche, Portugal, there are opportunities to deploy individual wavefarms for energy production at a number of complimentary sites across Europe. With the recent expansion in availability of test sites, Bombora are in the process of selecting a demonstration site to prove the mWave’s capabilities at full scale. Some of these sites are already grid connected with Power Purchase Agreements in place, providing a clear pathway to commercial energy production.
Bombora Wave Power
www.wavetidalenergynetwork.co.uk
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