Abstract
One of the key challenges in marine energy is to achieve funding for commercial-scale project implementations. Apart from government regulations and technological risks, the likelihood that projects will be implemented depends on transparent information about the necessary capital investment, the expected profit margins, and the corresponding cost of capital. The paper examines this relationship for tidal current schemes and provides a method to effectively de-risk early-stage project initiatives. The possibility to select a preferred ratio of ‘capital investment’ to ‘profit’ widens the circle of potential investors and accelerates the commercialisation of the sector. Based on fundamental insight gained during an in-depth investigation on the performance characteristics of an envisaged large-scale tidal array in Korea, the conceptual design of new projects can be realised in close coordination with investor-specific risk/reward preferences.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
