Feasibility of Wave Energy Converters in the Azores Under Climate Change Scenarios

The wave energy resource along the Azores coast is evaluated for the present (1990–2019) and future (2030–2059) periods using the third-generation wave model WAVEWATCH III, forced by winds and sea-ice cover from the RCP8.5 EC-Earth integration dynamically downscaled with the Weather Research and Forecasting model. The results indicate that the region is characterized by a high-energy wave climate, with mean wave power values typically ranging between 30 and 40 kW/m. A statistical comparison between the two periods shows a moderate reduction in wave energy potential under future conditions, with strong spatial variability. The performance of four wave energy converters (AquaBuoy, Wavestar, Oceantec, and Atargis) is analyzed, revealing significant differences in energy production and capacity factor depending on device–site matching. A techno-economic evaluation is performed by estimating the LCOE, accounting for capital expenditure, operational costs, device lifetime, and annual energy production (AEP). The results demonstrate that economic performance is primarily driven by energy production rather than capital cost alone, and that wave energy exploitation in the Azores remains viable under near-future climate conditions.