Danish Wave Energy
The objective is to produce 1500 GWh/year at a reduced price of DKK 0.10 per kWh compared to offshore wind power.
This will require a public investment of nearly DKK 1.5 billion over the next 20 years.
With the reduced electricity prices alone, this investment will be paid back in 10 years.
The vision is combining Wave Energy with floating off-shore wind on locations where both wind and wave resources have the highest potential.
This joint energy production will be produced at a lower cost than each of these technologies separately.
The cost saved from this combined offshore energy production will over a 10 year period pay back the development cost.