At the completion of this module, the student will:
- be familiar with the basic economic analysis of ocean energy systems including the cost, financing and economic evaluation
- acquire basic knowledge on the general policy issues regarding ocean energy systems and more detailed knowledge on the licensing and permitting procedures for installation of OE systems and enabling mechanisms as funding, feed-in tariffs and tax incentives
- be able to perform simple environmental impact studies for OE systems.

- Marine spatial planning, concession regimes of marine areas; consenting and licensing of marine farms; feed-in tariffs, green certificates, tax incentives and other financial support mechanics.
- Economic analysis of a marine farm: present and future cost of energy (LCOE, externalities) - the role of offshore energy; characterization of offshore renewable costs (CAPEX and OPEX); project financing: principles (equity, debt ratio), parameters (discount rate, return period, NPV, IRR), tools (Retscreen, etc.) and risk assessment.
- Environmental and socio economic impact assessment and monitoring: EIA objectives, process and requirements; public consultation and conflict of uses management; environmental monitoring; life-cycle assessment.

Paillard, M., Lacroix, D., Lamblin, V.: Marine Energy Renewables – Prospective Foresight Study for 2030, Éditions Quae, 2009, ISBN 9782759201839.
Mendonça, M.: Feed-In Tariffs – Accelerating the Deployment of Renewable Energy, Earthscan, 2007, ISBN 9781844077885.
Soares, I., Moreira J., Pinho, C. e Couto J.: Análise Financeira de Projectos, Edições Sílabo, 2007, Portugal.
EWEA: Economics of wind Energy, http://www.ewea.org/fileadmin/ewea_documents/documents/00_POLICY_document/Economics_of_Wind_Energy__March_2009_.pdf
IEA: Projected Costs of Generating Electricity. 2010.
Carbon Trust: Accelerating marine energy, 2011.
Ernst & Young and DECC (UK): Cost of and financial support for offshore wind, 2009.

Exam: end of lecture period (early June);
Report: deadline end of May

Written exam (60%): 2.5 hours
Written report (40%): essay on a chosen topic, 15-20 pages