Wave energy to rival offshore wind in cost-effectiveness by 2030s: study

A study led by LUT University in Finland and Delft University of Technology in the Netherlands indicates that wave energy could match the cost-effectiveness of offshore wind by the 2030s at favourable locations. The research, part of the EU-SCORES initiative, utilises real data from an advanced wave energy converter. Findings suggest that wave power could achieve a levelised cost of electricity (LCoE) below €70/MWh ($75/MWh) by 2035. By 2050, LCoE could drop below €50/MWh, generating significant electricity and complementing solar energy. The development is crucial for densely populated regions with limited onshore renewable potential. (Offshore Energy)