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Funding Ocean Renewable Energy through Strategic European Action

Sector: Commercial • Location: United Kingdom

Source: Keep.EU

Project
Closed

This project will help North West Europe (NWE) SME’s test ocean energy (OE) technology in real sea environments and prove power can be economically generated from the ocean.

Located in the peripheral regions of Northern Scotland, Western Ireland, Western France and Western Holland, the partners in this project represent the areas of highest ocean energy resource in Europe. The development of a

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The project “Funding Ocean Renewable Energy through Strategic European Action” is an infrastructure initiative in the Commercial sector, located in United Kingdom. Taiyo aggregates data on it from Keep.EU.

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Description

Description

This project will help North West Europe (NWE) SME’s test ocean energy (OE) technology in real sea environments and prove power can be economically generated from the ocean. Located in the peripheral regions of Northern Scotland, Western Ireland, Western France and Western Holland, the partners in this project represent the areas of highest ocean energy resource in Europe. The development of a world leading OE industry in these regions represents a fantastic opportunity to stimulate economic development in these more peripheral, economically disadvantaged areas that are not able to rely on the variety of industry found in the traditional motor regions of NWE. Combating climate change and securing energy supply are also major issues for Europe and OE represents a substantial and as yet largely untapped asset which will help reduce GHG emissions by bringing highly productive renewable technologies closer to market. The cost of pre-commercial testing and demonstration for OE is high and investors are reluctant to invest until the technology has been proven in the sea at scale. The NWE area possesses world leading OE testing infrastructure and this project will connect sites in the Netherlands (tidal), UK (tidal and wave), France (wave and floating wind) and Ireland (floating wind and wave) to create a network which will place NWE at the heart of this emerging industry. To date most EU R&D for OE has focused on technology, not testing. The FORESEA coordinated test sites will encourage longer term testing and technology de-risking. FORESEA will result in a minimum of 26 OE technology pre-commercial demonstrations, over 60,000hrs of operation, work with over 60 SME´s, sustaining 60+ jobs and helping to secure €30M investment into OE companies. FORESEA will also enhance the expertise and infrastructure in NWE and put in place a NWE OE Roadmap so ensure the long term impact of this project.

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