Abstract
Wave Energy Scotland (WES) commissioned OWC to investigate the potential benefits that could be realised both to the wave energy industry and floating wind projects through the sharing of assets and/or deployment and operational activities. The overarching aim is to explore ways to fast-track or improve commercialisation potential of wave energy technology, given WES’s remit as a funding body for wave energy technology research.
The report first introduces the rational for the project, core objectives and scope of work before detailing the approach to definition and selection of sharing scenarios, the evaluation of cost and wider benefits of these scenarios and the assessment of their feasibility. The report concludes with a clear output of the sharing opportunities that have the greatest potential along with a proposed roadmap for implementation of these and recommendations for next steps. It is hoped that this report will provide a basis to warrant further research and development of co-development activities in Scotland and other markets and ultimately contribute to bringing wave energy technology to the point of commercial viability.