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Water Current Turbines for River Applications - Alaska Energy ...

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WCT EvaluationNRCan-06-010715.2 Component Cost BreakdownThe most recent comprehensive study 1 of WCT’s closely aligned tidal stream systems confirms internalanalyses conducted by this study’s authors. The cost allocation of capital costs <strong>for</strong> a generic tidal streamfarm is as follows:Breakdown of capital costs <strong>for</strong> a TidalStream FarmProjectManagement 7%Grid Connection13%Installation 2%Mechanical andElectrical 39%Structure 39%5.3 Developer DisclosuresMost developers have not yet had any third party sales of their units, much less complete installed,permitted operating systems, and there<strong>for</strong>e lack any product cost data. In addition, many have not yetrealized any operating history in real life conditions and thus lack any O&M experience.Scattergraph of Developers' ReportedInstalled Costs per kW9,0007,0006,9235,0003,0003,0004,0001,0000 1 2 3 4What th e above graph illustrates is the wide disparity in reported costs amongst a representative sampleof developers currently engaged in the WCT market. Several factors may explain the varianceincluding; lack of standard definition as to what components are included in a typical system (some mayinclude only the energy conversion device itself with no interconnection support), lack of standarddefinition as to operating parameters (some developers assume availability of high velocity naturalresources found only in rare instances), and assumed production volumes. Starting at minimal current1 “Future of Marine <strong>Energy</strong>, Results of the Marine <strong>Energy</strong> Challenge: Cost competitiveness and growth of wave and tidalstream energy”, The Carbon Trust, UK, January 2006.Verdant Power Canada ULC 37

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