The largest potential project in China is a US $30 billion tidal wall that could have an installed power base of about a gigawatt. The dam-like structure has turbines with curved blades that allow marine life to swim through while harnessing the energy in the water. The project has domestic and international backing, including from the Dutch government and eight Dutch companies, according to the Wall St. Journal.
Beijing has provided about $3 million for feasibility studies for the tidal wall, but the full project wouldn’t be built for at least a decade. The turbine wall would run perpendicular to the coast and then extend out in a T-shape, covering 30 kilometers. (Tidal currents on run parallel to China's coast.)
But there are other projects in the works. International firms, such as Lockheed Martin, are also entering joint ventures in China in the ocean power market. Lockheed Martin is developing a 10-megawatt ocean thermal energy conversion (OTEC) facility off the coast of southern China that is expected to cost US $300 to $500 million.
That technology takes advantage of the temperature difference in tropical waters between the warmer surface and the cold, deep water. In most OTEC systems, ammonia is vaporized as it passes through a heat exchanger containing the warm water. The vapor spins a turbine and then the ammonia is condensed using the colder water.
Overall, Beijing has spent about $160 million since 2010 on ocean energy, compared to Europe’s private investment of US$825 million since 2007, according to the Wall St. Journal. Tidal and wave power are attractive technologies because they can provide baseload power, which intermittent solar and wind power cannot do.
Despite the considerable investment, large-scale ocean power plants in any region have remained elusive. All tidal and wave technologies face considerable challenges, such as surviving in harsh, salty waters and being cost-competitive with other renewable energy options.
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