NatLabRockies · RHammond2 · Jan 12, 2026 · Jan 9, 2026 · Jan 9, 2026 · Jan 9, 2026
diff --git a/docs/waves_example.md b/docs/waves_example.md
@@ -10,7 +10,7 @@ kernelspec:
 ---
 
 (example_cower)=
-# Cost of Wind Energy Review 2024
+# Cost of Wind Energy Review: 2025 Edition
 
 [![Binder](https://mybinder.org/badge_logo.svg)](https://mybinder.org/v2/gh/NREL/WAVES/main?filepath=examples)
 
@@ -219,11 +219,7 @@ metrics_configuration = {
         "metric": "energy_production",
         "kwargs": {"units": "mw", "per_capacity": "kw", "aep": True}
     },
-    "Net Capacity Factor With Wake Losses (%)": {
-        "metric": "capacity_factor",
-        "kwargs": {"which": "net"}
-    },
-    "Net Capacity Factor With All Losses (%)": {
+    "Net Capacity Factor (%)": {
         "metric": "capacity_factor",
         "kwargs": {"which": "net"}
     },
@@ -256,8 +252,7 @@ metrics_order = [
     "Annual OpEx per kW ($/kW)",
     "Energy Availability (%)",
     "Gross Capacity Factor (%)",
-    "Net Capacity Factor With Wake Losses (%)",
-    "Net Capacity Factor With All Losses (%)",
+    "Net Capacity Factor (%)",
     "AEP (MWh)",
     "AEP per kW (MWh/kW)",
     "LCOE ($/MWh)",

diff --git a/examples/waves_example.ipynb b/examples/waves_example.ipynb
diff --git a/library/base/project/config/base_fixed_bottom_install.yaml b/library/base/project/config/base_fixed_bottom_install.yaml
diff --git a/library/base/project/config/base_floating_install.yaml b/library/base/project/config/base_floating_install.yaml
diff --git a/library/base/project/config/base_osw_fixed.yaml b/library/base/project/config/base_osw_fixed.yaml
@@ -2,9 +2,9 @@
 turbine_type: fixed
 
 # Primary model configurations
-orbit_config: base_fixed_bottom_install.yaml
+orbit_config: base_osw_fixed_bottom_install.yaml
 wombat_config: base_osw_fixed_operations.yaml
-floris_config: base_fixed_bottom_floris_jensen.yaml
+floris_config: base_osw_fixed_bottom_floris_jensen.yaml
 weather_profile: era5_40.0N_72.5W_1990_2020.pqt
 
 # Shared input connections
@@ -25,7 +25,7 @@ conenct_orbit_array_design: true
 
 # High-level project financials
 discount_rate: 0.025
-fixed_charge_rate: 0.0648 # real FCR from national LCOE study, 25 year lifetime instead of 30
+fixed_charge_rate: 0.0638 # real FCR from national LCOE study, 25 year lifetime instead of 30
 loss_ratio: 0.1
 offtake_price: 83.30
 

diff --git a/...nfig/base_fixed_bottom_floris_jensen.yaml → .../base_osw_fixed_bottom_floris_jensen.yaml b/...nfig/base_fixed_bottom_floris_jensen.yaml → .../base_osw_fixed_bottom_floris_jensen.yaml
diff --git a/library/base/project/config/base_osw_fixed_bottom_install.yaml b/library/base/project/config/base_osw_fixed_bottom_install.yaml
@@ -0,0 +1,87 @@
+# Fixed bottom base case
+site:
+  depth: 34  # COE Review 2021
+  distance: 116  # COE Review 2021
+  distance_to_landfall: 50  # COE Review 2021
+  mean_windspeed: 9.17  # avg from weather profile in the Vineyard Wind 1 site
+plant:
+  layout: custom
+  num_turbines: 50
+  row_spacing: 7
+  turbine_spacing: 7
+turbine: 12MW_generic
+port:
+  sub_assembly_lines: 1  # COE Review 2021
+  turbine_assembly_cranes: 1  # COE Review 2021
+
+# Vessels
+array_cable_install_vessel: cable_lay_vessel
+export_cable_bury_vessel: cable_lay_vessel
+export_cable_install_vessel: cable_lay_vessel
+spi_vessel: scour_protection_vessel
+oss_install_vessel: heavy_lift_vessel
+wtiv: wtiv
+
+# Module Specific
+scour_protection_design:
+  cost_per_tonne: 40  # COE Review 2021
+  scour_protection_depth: 1  # COE Review 2021
+oss_design:
+  num_substations: 1
+
+ArrayCableInstallation:
+  site:
+    distance: 7593  # cable lay vessel transporting cables from Arco Felice, Italy
+ExportCableInstallation:
+  site:
+    distance: 116  # Assume Domestic, Charleston, SC
+  export_system:
+    onshore_construction_cost: 120000000  # $120m in onshore cable construction work according to industry benchmark
+OffshoreSubstationInstallation:
+  feeder: heavy_feeder
+  num_feeders: 1
+
+
+array_system_design:
+  cables:
+  - XLPE_630mm_66kV
+  location_data: base_osw_fixed_layout
+export_system_design:
+  cables: XLPE_1200mm_220kV
+  percent_added_length: 0.0
+  landfall:
+    interconnection_distance: 9  # COE Review 2021
+    trench_length: 7  # COE Review 2021
+
+# Configured Phases
+design_phases:
+- CustomArraySystemDesign
+- ElectricalDesign
+- MonopileDesign
+- ScourProtectionDesign
+install_phases:
+  ArrayCableInstallation: 0
+  ExportCableInstallation: 0
+  MonopileInstallation: !!python/tuple
+  - ScourProtectionInstallation
+  - 0.5
+  OffshoreSubstationInstallation: 0
+  ScourProtectionInstallation: 0
+  TurbineInstallation: !!python/tuple
+  - MonopileInstallation
+  - 0.1
+
+project_parameters:
+  turbine_capex: 1770  # COWER: 2024 Edition; Turbine CapEx
+
+  # commented out given DOE's comments about leaving this out for comparability with other technologies
+  # supply_chain_capex: 756 # 439 $/kW for investments and 317 $/kW for vessels
+  interest_during_construction: 0.065
+  construction_insurance_factor: 0.0207  # according to industry benchmark
+  decommissioning_factor: 0.2  # 20% of installation costs according to industry benchmark
+  site_auction_price: 5559666  # Lease Auction Price 2,039,968 + Lease Rent Pre-COD 3,519,698 (Assume OCS-A 0486)
+
+  # 250m according to industry benchmark
+  site_assessment_cost: 50000000  # modified so that total Project Development is 250m
+  construction_plan_cost: 10000000  # modified so that total Project Development is 250m
+  installation_plan_cost: 100000000  # modified so that total Project Development is 250m
diff --git a/library/base/project/config/base_osw_floating.yaml b/library/base/project/config/base_osw_floating.yaml
@@ -2,9 +2,9 @@
 turbine_type: floating
 
 # Primary model configurations
-orbit_config: base_floating_install.yaml
+orbit_config: base_osw_floating_install.yaml
 wombat_config: base_osw_floating_operations.yaml
-floris_config: base_floating_floris_jensen.yaml
+floris_config: base_osw_floating_floris_jensen.yaml
 weather_profile: era5_41.0N_125.0W_1989_2019.pqt
 
 # Shared input connections
@@ -24,7 +24,7 @@ connect_floris_to_layout: true
 conenct_orbit_array_design: true
 
 # High-level project financials
-fixed_charge_rate: 0.0648 # real FCR from national LCOE study, 25 year lifetime instead of 30
+fixed_charge_rate: 0.0706 # real FCR from national LCOE study, 25 year lifetime instead of 30
 discount_rate: 0.025
 loss_ratio: 0.1
 offtake_price: 83.30

diff --git a/...t/config/base_floating_floris_jensen.yaml → ...nfig/base_osw_floating_floris_jensen.yaml b/...t/config/base_floating_floris_jensen.yaml → ...nfig/base_osw_floating_floris_jensen.yaml
diff --git a/library/base/project/config/base_osw_floating_install.yaml b/library/base/project/config/base_osw_floating_install.yaml
@@ -0,0 +1,86 @@
+# floating base case
+site:
+  depth: 739  # COE Review 2021
+  distance: 189  # COE Review 2021
+  distance_to_landfall: 36  # COE Review 2021
+  mean_windspeed: 8.41  # avg from weather profile in the Humboldt site
+plant:
+  layout: custom
+  num_turbines: 50
+  row_spacing: 7
+  turbine_spacing: 7
+turbine: 12MW_generic
+oss_design:
+  num_substations: 1
+port:
+  sub_assembly_lines: 3
+  turbine_assembly_cranes: 3
+  num_cranes : 3
+
+# Vessels
+array_cable_install_vessel: cable_lay_vessel
+export_cable_bury_vessel: cable_lay_vessel
+export_cable_install_vessel: cable_lay_vessel
+mooring_install_vessel: support_vessel
+oss_install_vessel: floating_heavy_lift_vessel
+ahts_vessel: ahts_vessel
+towing_vessel: towing_vessel
+towing_vessel_groups:
+  num_groups : 1  # note these numbers are different than the default for ORBIT- I believe ORCA assumes only one installation group of 3 vessels total for floating
+  ahts_vessels: 1
+  towing_vessels: 2
+
+ArrayCableInstallation:
+  site:
+    distance: 7593  # cable lay vessel transporting cables from Arco Felice, Italy, assume same logistics as fixed
+ExportCableInstallation:
+  site:
+    distance: 116  # Assume Domestic, Charleston, SC,assume same logistics as fixed
+  export_system:
+    onshore_construction_cost: 120000000  # $120m in onshore cable construction work according to industry benchmark
+OffshoreSubstationInstallation:
+  feeder: floating_barge
+  num_feeders: 1
+
+# Module Specific
+substructure:
+  takt_time: 168
+array_system_design:
+  free_cable_length: 0.5
+  floating_cable_depth: 200
+  cables:
+  - XLPE_630mm_66kV_dynamic
+  location_data: base_osw_floating_layout
+export_system_design:
+  cables: XLPE_1200mm_220kV_dynamic  # change to the 1200mm cable once pulling from right repo
+  percent_added_length: 0.0
+  landfall:
+    interconnection_distance: 8  # COE Review 2021
+    trench_length: 6  # COE Review 2021
+# Configured Phases
+design_phases:
+- CustomArraySystemDesign
+- ElectricalDesign
+- MooringSystemDesign
+- SemiSubmersibleDesign
+install_phases:
+  ArrayCableInstallation: 0
+  ExportCableInstallation: 0
+  MooredSubInstallation: 0
+  MooringSystemInstallation: 0
+  OffshoreSubstationInstallation: 0
+
+project_parameters:
+  turbine_capex: 1770  # COWER: 2024 Edition; Turbine CapEx
+
+  # commented out given DOE's comments about leaving this out for comparability with other technologies
+  # supply_chain_capex: 756 # 439 $/kW for investments and 317 $/kW for vessels
+  interest_during_construction: 0.065
+  construction_insurance_factor: 0.0207  # according to industry benchmark
+  decommissioning_factor: 0.2  # 20% of installation costs according to industry benchmark
+  site_auction_price: 103519698  # Lease Auction Price $100m + Lease Rent Pre-COD 3,519,698 (Assume floating lease sale)
+
+  # 250m according to industry benchmark
+  site_assessment_cost: 50000000  # modified so that total Project Development is 250m
+  construction_plan_cost: 10000000  # modified so that total Project Development is 250m
+  installation_plan_cost: 100000000  # modified so that total Project Development is 250m
diff --git a/library/base/vessels/ahts_vessel.yaml b/library/base/vessels/ahts_vessel.yaml
@@ -0,0 +1,6 @@
+transport_specs:
+  max_waveheight: 3.0       # m
+  max_windspeed: 15         # m/s
+  transit_speed: 14          # km/h
+vessel_specs:
+  day_rate: 107187          # USD/day