Bombora reveals wave costs
Report puts capex at A$3m per megawatt
Australian developer Bombora Wave Power has said a 60MW array featuring its mWave device would have a capex of A$3m per megawatt.
A study supported by the Australian Renewable Energy Agency estimates the levelized cost of energy of a 60MW array at between €0.17-€0.33 per kilowatt-hour.
This compares to trade body Ocean Energy Europe’s cost projections of between €0.31-€0.58/kWh for wave farms at the equivalent installed capacity.
The capex for 60MW installed capacity includes electrical cabling and substation costs.
The study also estimates a 60MW mWave array could export 80,000MWh.
Bombora chief executive officer Sam Leighton said: “The independent review of the study confirms the technical and commercial potential of our mWave technology.
“It clearly indicates that an mWave farm can be competitive with other commercially successful renewables such as offshore wind.”
Image: mWave prototype (Bombora Wave Power)