Abstract
This chapter presents the results obtained from the analysis of the multi-use design for the Cantabria Offshore site in the Atlantic coast. The analysis shows that the technology exists. Nevertheless at the present the profitability of potential business is still uncertain. The reliability of the activity as a self-sustained business relies on the existence of a stable regulatory framework, on the availability of financial support from the state and on the relaxation of the regulatory barriers existing in the industry. Likewise ocean energy industry is far from been socially accepted in the region. The socio-economic analysis suggests that the multi-use scenario can be profitable.
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Notes
- 1.
Pugh and Skinner (2002) paper was used for the purpose of benefit transfer.
- 2.
It should be noted that the device is still under a process of refining and improving the capacity factor (ratio of energy captured over nominal capacity of the device). The final figures are expected to improve in the near future.
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Simal, P.D. et al. (2017). Socio-economic Assessment of a Selected Multi-use Offshore Site in the Atlantic. In: Koundouri, P. (eds) The Ocean of Tomorrow. Environment & Policy, vol 56. Springer, Cham. https://doi.org/10.1007/978-3-319-55772-4_5
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