3aa75fe41ee9846b4e90e3e27b27216c joumarscieng_a2022v10n6p713.pdf 83a4a3997bcbcebfe1dfa705bb3bc91599e9dcaa joumarscieng_a2022v10n6p713.pdf 04681e4b823f19c32c8b76ff2ce43454c76a2c3c968c23ac35408f4265996977 joumarscieng_a2022v10n6p713.pdf Title: Economic Viability Analysis for an OTEC Power Plant at San Andrés Island Subject: This paper presents the economic feasibility analysis of a 2 MW Ocean Thermal Energy Conversion (OTEC) power plant in the open cycle. The plant can supply 6.35% of the average annual consumption of the electricity demand located at San Andrés Island (Colombia). On the one hand, the work presents the selection of the place to locate an offshore facility considering the technical viability while, on the other hand, the economic viability analysis is performed. The latter considers two scenarios: one without desalinated water production and another one with desalinated water. In this way, it is intended to first determine its construction's technical requirements to analyse its economic performance. This approach allows us to have a general idea of the implementation costs and the benefits obtained with this type of plant, for the particular case of San Andrés, an island in the Colombian Caribbean with sustained stress on electricity production and freshwater generation. The results obtained show that the technology is viable and that the investment can be recovered in an adequate time horizon. Keywords: floating OTEC plant; marine energy; power energy; economic feasibility analysis Author: J. Herrera, S. Sierra, H. Hernandez-Hamón, N. Ardila, A. Franco-Herrera, and A. Ibeas Creator: LaTeX with hyperref Producer: pdfTeX-1.40.21 CreationDate: Wed May 25 12:25:53 2022 CEST ModDate: Wed May 25 12:33:10 2022 CEST Tagged: no UserProperties: no Suspects: no Form: none JavaScript: no Pages: 18 Encrypted: no Page size: 595.276 x 841.89 pts (A4) Page rot: 0 File size: 1527519 bytes Optimized: no PDF version: 1.7 name type encoding emb sub uni object ID ------------------------------------ ----------------- ---------------- --- --- --- --------- NRMGYA+URWPalladioL-Bold Type 1 Custom yes yes no 17 0 FUPUPJ+URWPalladioL-Roma Type 1 Custom yes yes no 22 0 WKTSVC+URWPalladioL-Ital Type 1 Custom yes yes no 26 0 MCBCCI+SourceSansRoman-Regular Type 1C Custom yes yes no 34 0 MCBCCM+SourceSansRoman.613wght Type 1C Custom yes yes no 38 0 MCBCCO+SourceSansRoman-Bold Type 1C Custom yes yes no 42 0 XDWKKK+TimesNewRomanPS-BoldItalicMT Type 1C WinAnsi yes yes no 53 0 BSDWLC+TimesNewRomanPSMT Type 1C WinAnsi yes yes no 56 0 MPUDFL+PazoMath Type 1 Builtin yes yes no 76 0 VEMDEH+CMSY10 Type 1 Builtin yes yes no 80 0 GIGFZE+CMR10 Type 1 Builtin yes yes no 96 0 PDXFNG+PazoMath-Bold Type 1 Builtin yes yes no 107 0 IWSOEM+URWPalladioL-BoldItal Type 1 Custom yes yes no 111 0 WMGRYN+CMEX10 Type 1 Builtin yes yes no 119 0 Jhove (Rel. 1.22.1, 2019-04-17) Date: 2023-04-14 02:30:20 CEST RepresentationInformation: joumarscieng_a2022v10n6p713.pdf ReportingModule: PDF-hul, Rel. 1.12.1 (2019-04-17) LastModified: 2022-05-26 12:30:37 CEST Size: 1527519 Format: PDF Version: 1.7 Status: Well-Formed and valid SignatureMatches: PDF-hul MIMEtype: application/pdf PDFMetadata: Objects: 348 FreeObjects: 1 IncrementalUpdates: 0 DocumentCatalog: PageLayout: SinglePage PageMode: UseNone Outlines: Item: Title: Introduction Destination: edu.harvard.hul.ois.jhove.module.pdf.PdfSimpleObject@12f41634 Item: Title: Problem Formulation Destination: edu.harvard.hul.ois.jhove.module.pdf.PdfSimpleObject@13c27452 Children: Item: Title: Energy and Water Needs of San Andrés Island Destination: edu.harvard.hul.ois.jhove.module.pdf.PdfSimpleObject@262b2c86 Item: Title: Ocean Thermal Energy Destination: edu.harvard.hul.ois.jhove.module.pdf.PdfSimpleObject@371a67ec Children: Item: Title: OTEC Cycles Destination: edu.harvard.hul.ois.jhove.module.pdf.PdfSimpleObject@5ed828d Item: Title: Desalinated Water as a Derived Product Destination: edu.harvard.hul.ois.jhove.module.pdf.PdfSimpleObject@50d0686 Item: Title: Methodology to Perform the Economic Analysis Destination: edu.harvard.hul.ois.jhove.module.pdf.PdfSimpleObject@7a3d45bd Children: Item: Title: Methodology Used in the System Location Destination: edu.harvard.hul.ois.jhove.module.pdf.PdfSimpleObject@1e7c7811 Item: Title: Power Plant's Technological Description Destination: edu.harvard.hul.ois.jhove.module.pdf.PdfSimpleObject@77ec78b9 Item: Title: Economic Analysis Destination: edu.harvard.hul.ois.jhove.module.pdf.PdfSimpleObject@1a3869f4 Children: Item: Title: Cash Flow Analysis of the Project Destination: edu.harvard.hul.ois.jhove.module.pdf.PdfSimpleObject@a38d7a3 Item: Title: Levelized Cost of Energy (LCOE) Destination: edu.harvard.hul.ois.jhove.module.pdf.PdfSimpleObject@77f99a05 Item: Title: Results Destination: edu.harvard.hul.ois.jhove.module.pdf.PdfSimpleObject@63440df3 Children: Item: Title: OTEC System Location Destination: edu.harvard.hul.ois.jhove.module.pdf.PdfSimpleObject@3aeaafa6 Item: Title: Technical Conditions of the OTEC System Destination: edu.harvard.hul.ois.jhove.module.pdf.PdfSimpleObject@76a3e297 Children: Item: Title: Development of the Energy Model Destination: edu.harvard.hul.ois.jhove.module.pdf.PdfSimpleObject@4d3167f4 Item: Title: Sketch of the Power Plant Destination: edu.harvard.hul.ois.jhove.module.pdf.PdfSimpleObject@ed9d034 Item: Title: Electrical Transfer Scheme Destination: edu.harvard.hul.ois.jhove.module.pdf.PdfSimpleObject@6121c9d6 Item: Title: Analysis of Emissions Destination: edu.harvard.hul.ois.jhove.module.pdf.PdfSimpleObject@87f383f Item: Title: Result of Economic Analysis Destination: edu.harvard.hul.ois.jhove.module.pdf.PdfSimpleObject@4eb7f003 Children: Item: Title: Scenario 1: Without Production of Potable Water Destination: edu.harvard.hul.ois.jhove.module.pdf.PdfSimpleObject@eafc191 Item: Title: Scenario 2: Potable Water as Public Service Destination: edu.harvard.hul.ois.jhove.module.pdf.PdfSimpleObject@612fc6eb Item: Title: Conclusions Destination: edu.harvard.hul.ois.jhove.module.pdf.PdfSimpleObject@1060b431 Item: Title: References Destination: edu.harvard.hul.ois.jhove.module.pdf.PdfSimpleObject@612679d6 Info: Title: Economic Viability Analysis for an OTEC Power Plant at San Andrés Island Author: J. Herrera, S. Sierra, H. Hernandez-Hamón, N. Ardila, A. Franco-Herrera, and A. Ibeas Subject: This paper presents the economic feasibility analysis of a 2 MW Ocean Thermal Energy Conversion (OTEC) power plant in the open cycle. The plant can supply 6.35% of the average annual consumption of the electricity demand located at San Andrés Island (Colombia). On the one hand, the work presents the selection of the place to locate an offshore facility considering the technical viability while, on the other hand, the economic viability analysis is performed. The latter considers two scenarios: one without desalinated water production and another one with desalinated water. In this way, it is intended to first determine its construction's technical requirements to analyse its economic performance. This approach allows us to have a general idea of the implementation costs and the benefits obtained with this type of plant, for the particular case of San Andrés, an island in the Colombian Caribbean with sustained stress on electricity production and freshwater generation. The results obtained show that the technology is viable and that the investment can be recovered in an adequate time horizon. 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