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ABSTRACT
The New Entrance Reserve (NER300) is one of the leading mechanisms used for the application and promotion of clean energy projects. In this context, this study aims to investigate the evolution of wave energy projects within the first and second call of NER300. Furthermore, the study tries to identify the reasons of successful applications through an estimation analysis of energy production, avoided emission and energy security. Milder resources contain ‘hidden’ opportunities for wave energy, with lower expenditure and capacity factors equivalent and even over 20%. Lower extreme events indicate that associated installation costs can be considered reduced, thus the potential cost of energy may act as a positive driver for future development. The results of the study argue that there are regions with ‘hidden’ opportunities that can accelerate proof-of-concept and enhance viability for wave energy.
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Acknowledgements
The author would like to thank Dr. Andy MacGillivray, Dr. Brendan Cahill, Dr. Atul Agarwal and Dr. Zoe Kapetaki for their help with information concerning the study. The author would like to thank the reviewers for their constructive comments that improved the quality of the manuscript.
Disclosure statement
No potential conflict of interest was reported by the author.