Economic Viability Analysis for an OTEC Power Plant at San Andrés Island
This paper presents the economic feasibility analysis of a 2 MW Ocean Thermal Energy Conversion (OTEC) power plant in the open cycle. The plant can supply 6.35% of the average annual consumption of the electricity demand located at San Andrés Island (Colombia). On the one hand, the work presents the...
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| Format: | Article |
| Language: | English |
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MDPI AG
2022-05-01
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| Series: | Journal of Marine Science and Engineering |
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| Online Access: | https://www.mdpi.com/2077-1312/10/6/713 |
| _version_ | 1797485755663122432 |
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| author | Jorge Herrera Santiago Sierra Hernando Hernández-Hamón Néstor Ardila Andrés Franco-Herrera Asier Ibeas |
| author_facet | Jorge Herrera Santiago Sierra Hernando Hernández-Hamón Néstor Ardila Andrés Franco-Herrera Asier Ibeas |
| author_sort | Jorge Herrera |
| collection | DOAJ |
| description | This paper presents the economic feasibility analysis of a 2 MW Ocean Thermal Energy Conversion (OTEC) power plant in the open cycle. The plant can supply 6.35% of the average annual consumption of the electricity demand located at San Andrés Island (Colombia). On the one hand, the work presents the selection of the place to locate an offshore facility considering the technical viability while, on the other hand, the economic viability analysis is performed. The latter considers two scenarios: one without desalinated water production and another one with desalinated water. In this way, it is intended to first determine its construction’s technical requirements to analyse its economic performance. This approach allows us to have a general idea of the implementation costs and the benefits obtained with this type of plant, for the particular case of San Andrés, an island in the Colombian Caribbean with sustained stress on electricity production and freshwater generation. The results obtained show that the technology is viable and that the investment can be recovered in an adequate time horizon. |
| first_indexed | 2024-03-09T23:24:01Z |
| format | Article |
| id | doaj.art-5df5b0860ae24d59b1391bcdd8cd1376 |
| institution | Directory Open Access Journal |
| issn | 2077-1312 |
| language | English |
| last_indexed | 2024-03-09T23:24:01Z |
| publishDate | 2022-05-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Journal of Marine Science and Engineering |
| spelling | doaj.art-5df5b0860ae24d59b1391bcdd8cd13762023-11-23T17:21:41ZengMDPI AGJournal of Marine Science and Engineering2077-13122022-05-0110671310.3390/jmse10060713Economic Viability Analysis for an OTEC Power Plant at San Andrés IslandJorge Herrera0Santiago Sierra1Hernando Hernández-Hamón2Néstor Ardila3Andrés Franco-Herrera4Asier Ibeas5Faculty of Natural Sciences and Engineering, Universidad Jorge Tadeo Lozano, Bogotá 110311, ColombiaDepartment of Mechatronics Engineering, Universidad ECCI, Bogotá 111311, ColombiaEcomapp Geospatial Solutions, Bogotá 110231, ColombiaDivisión de Biología Marina, ECOMAR Consultoría Ambiental, Bogotá 110311, ColombiaFaculty of Natural Sciences and Engineering, Universidad Jorge Tadeo Lozano, Bogotá 110311, ColombiaDepartment of Telecommunications and Systems Engineering, Universidad Autónoma de Barcelona, 08193 Barcelona, SpainThis paper presents the economic feasibility analysis of a 2 MW Ocean Thermal Energy Conversion (OTEC) power plant in the open cycle. The plant can supply 6.35% of the average annual consumption of the electricity demand located at San Andrés Island (Colombia). On the one hand, the work presents the selection of the place to locate an offshore facility considering the technical viability while, on the other hand, the economic viability analysis is performed. The latter considers two scenarios: one without desalinated water production and another one with desalinated water. In this way, it is intended to first determine its construction’s technical requirements to analyse its economic performance. This approach allows us to have a general idea of the implementation costs and the benefits obtained with this type of plant, for the particular case of San Andrés, an island in the Colombian Caribbean with sustained stress on electricity production and freshwater generation. The results obtained show that the technology is viable and that the investment can be recovered in an adequate time horizon.https://www.mdpi.com/2077-1312/10/6/713floating OTEC plantmarine energypower energyeconomic feasibility analysis |
| spellingShingle | Jorge Herrera Santiago Sierra Hernando Hernández-Hamón Néstor Ardila Andrés Franco-Herrera Asier Ibeas Economic Viability Analysis for an OTEC Power Plant at San Andrés Island Journal of Marine Science and Engineering floating OTEC plant marine energy power energy economic feasibility analysis |
| title | Economic Viability Analysis for an OTEC Power Plant at San Andrés Island |
| title_full | Economic Viability Analysis for an OTEC Power Plant at San Andrés Island |
| title_fullStr | Economic Viability Analysis for an OTEC Power Plant at San Andrés Island |
| title_full_unstemmed | Economic Viability Analysis for an OTEC Power Plant at San Andrés Island |
| title_short | Economic Viability Analysis for an OTEC Power Plant at San Andrés Island |
| title_sort | economic viability analysis for an otec power plant at san andres island |
| topic | floating OTEC plant marine energy power energy economic feasibility analysis |
| url | https://www.mdpi.com/2077-1312/10/6/713 |
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