NEPTUNUS - Wave energy potential and in-depth analysis for the realization of a wave energy power station on Halki island

The municipality of Halki has set as a primary goal the transition of the island’s energy system to a renewable power generation model that will cover or exceed its energy needs.
In line with this objective, the project consists in conducting an in-depth analysis of the wave energy potential, to identify a suitable location for a wave energy power station and to undertake the permits and approval procedures, while ensuring the protection of the environment and the local ecosystem.

Assessment of the key project sizing drivers
Identification of suitable technological options given existing project sizing requirements
Study by a civil engineering company regarding the condition of the relevant marine structures at the site and the estimated installation cost of a project to the breakwater
Definition of the required environmental permitting procedures
Cost Benefit analysis and socio economic and environmental impact evaluation
Definition of the technical, economic and financial, fiscal project input
Risk analysis and identification of available mitigation strategies
Assessment of existing procurement options (e.g. tender, PPP, etc.)
Financial modelling and identification of target scenario
Identification of financing/funding options
Action plan and identification of project monitoring procedures

Panagiotis Tsarchopoulos (CERTH), patsar@iti.gr

(Image Source: gtheodosiadis)

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