Proceedings of Offshore Technology Conference 2010
DOI: 10.2523/20340-ms
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Study on the Cost Effective Ocean Thermal Energy Conversion Power Plant

Abstract: Ocean Thermal Energy Conversion (OTEC) is a promising renewable energy resource from the ocean near equator that had been neglected for decades due to its enormous capital cost. The technologies that are developed for oil and gas industry for deep water applications could be adopted into OTEC power plant and the capital cost could be reduced by fifty percent than the estimation using conventional OTEC technology. This paper addresses a new OTEC technology for the OTEC power plant. Design and workability of the… Show more

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Cited by 4 publications
(3 citation statements)
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“…5) An inflation adjustment between 2010-2024 of 38% is assumed [77] . 6) Cost of ship design using a deepwater condenser is 66% of cold water pipe design [78] . 7) The annual operating cost is 5% [79] .…”
Section: Capital Costmentioning
confidence: 99%
“…5) An inflation adjustment between 2010-2024 of 38% is assumed [77] . 6) Cost of ship design using a deepwater condenser is 66% of cold water pipe design [78] . 7) The annual operating cost is 5% [79] .…”
Section: Capital Costmentioning
confidence: 99%
“…However, we restrict our discussion to a simplified version to allow greater scrutiny of the underlying data and improve transparency on the main costs involved. Table 4 shows the estimated cost of a 100 MW OTEC power plant with its underwater cabling and supporting vessel facilities as initially proposed by Srinivasan et al [50] and slightly modified to account for additional expenses pertaining to planning and development operations involved. An annual expenditure of about 1.5% of the capital cost is expected as operational and maintenance cost (O&M), Co [51].…”
Section: Cost-benefit Analysismentioning
confidence: 99%
“…Studies have been carried out by Srinivasan et al . on the cost effectiveness of OTEC plants, and they designed a new OTEC system by introducing a subsea condenser. When identifying locations for OTEC plants, the thermal gradient suitable to drive the plants should not be very far away from the shore.…”
Section: Ocean Thermal Energy Conversionmentioning
confidence: 99%