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Frontiers in Marine Science · 2022 · Vol. 9 · Frontiers
This paper aims to comprehensively review the economic feasibility of Marine Renewable Energy. Five major continents are at different development stages of implementing MREs commercialization; Europe is in the most advanced, while Africa is at the initial stage. The Levelized Cost of Energy is usually used to make decisions and measure the plant’s economic feasibility. Literature suggests that MRE technology is still costly, a...