Techno-economic feasibility of marine eco-parks driven by wave energy: A case study at the coastal arid region of Mexico

Coastal arid regions face significant challenges in ensuring energy, water, and food security. Given the urgency of meeting these demands, it is necessary to consider innovative solutions that enhance adaptive capacity and sustainable development of coastal zones. Harnessing wave energy has become a potential ocean renewable resource that can provide significant benefits to mitigating coastal vulnerability and climate change. However, most wave energy projects still face different challenges that limit their financing and commercial deployment. This paper aims to evaluate the techno-economic feasibility of 0.5 MW Marine Ecoparks as maritime clusters coupled with wave energy converter, seawater desalination, and marine aquaculture modules to produce the water-energy-food nexus and boost, symbiotically, the viability of the wave energy sector and the blue economy in the arid coastal communities of Baja California, a Mexican Pacific region with a mid-wave energy resource. Based on technical and economic data available in the literature, the cost estimates and the contribution of each coupled module to the Marine Ecopark profitability were carried out and compared against other forms of energy generation using different current and projected 2030 market scenarios. All the cases analyzed show that the Pelamis device generates higher techno-economic performance than the WaveDragon. While individual wave energy devised siting is not profitable, economic scaling in increases maritime clusters' profitability. Optimally selected Pelamis facilities attain capacity factors over 40 % and a Levelized Cost of Energy of 480 $/MWh. The coupled seaweed aquaculture module generates the highest water-energy-food nexus profitability, whereas seawater desalination is not economically viable. All wave energy farms show a decrease in estimated electricity cost by 2030, reaching 198 USD/MWh for the most competitive Pelamis farms.