1. Production Costs
These are based on fabrication shop estimates from preliminary designs
and the known production cost of the prototype.
Size
of Unit
kW
|
Manufacturing
Costs
$
|
Installation Cost
$
|
Installed
Cost of Unit
$
|
1
|
5,000
|
5,000
|
10,000
|
2
|
8,000
|
7,000
|
15,000
|
5
|
15,000
|
10,000
|
25,000
|
10
|
20,000
|
16,000
|
36,000
|
If manufactured
overseas, these could be considerably reduced.
The
installation costs include transportation to the site and
installation on prepared foundations
or, alternatively, on a tethered floating platform.
These estimates are
for channel or
river operation, with a typical stream flow velocity of 1.8 M/sec.
It is assumed the unit would operate continuously, at the rated output,
8,000 hours per year.
The annual expense of operation, including capital servicing cost and
other charges, including maintenance,
has been taken as 40 percent of the installed cost - i.e. total cost of
manufacture and installation.
The estimated generation costs for various sized units are as follows
Rated Output
kW
|
Generation
Costs
c/kWh
|

|
1
|
50
|
2
|
38
|
5
|
25
|
10
|
18
|
These costs compare
favourably with generation costs from current
renewable energy technology
and existing conventional power generation from fossil fuels.
These costs could be less with a battery of units, and more favourable
locations with higher water velocities
- the output of the turbine increases as the cube of the stream
velocity.