Abstract
Of the main drivers pushing the development of the energy matrix in Chile, we should mention first: diversification and energy security, decarbonisation and the positioning of Chile as a world leader on this matter; and secondly, looking to the future, the export of green energy to neighbouring countries. Given that Chile has one of the largest marine energy resources in the world, marine energy might play a key role in achieving these goals. Additionally, tidal energy technologies are reaching a more mature development stage, which facilitates performing technical-economic assessments with less uncertainty.
The Levelised Cost of Energy (LCoE) study of wave and tidal technologies aims to identify technical-economic aspects of marine energy projects in Chile. On the other hand, this study comprises the identification of local actors to estimate local value capture and to identify opportunities and challenges in the supply chain. The LCoE tool enables comparisons of different energy projects regardless of technology deployed and project characteristics.
The study is divided into three main phases: first, a comprehensive global literature review of economic assessments and technologies, initial collaboration with technology developers, site and support infrastructure assessment and methodology definition. The second phase comprises supply chain analysis and the estimation of local value capture. The last phase includes the final calculation of the LCoE per site, scale and technology, and the socioeconomic study.
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