NewEnergyNews: Ireland Charges Ahead With Ocean Energy

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    Friday, March 25, 2016

    Ireland Charges Ahead With Ocean Energy

    Irish wave and tidal sector surging along

    Andrew Williams,11 March 2016 (Maritime Journal)

    “Ireland is rapidly emerging as a key player in the development of wave and tidal energy technologies…[The country's marine energy market could be worth €15bn to Ireland's economy by 2050…[Last year, the government] awarded funding to the tune of €4.3 million for the further development and testing of three domestically produced marine energy technologies…[A] fully developed island of Ireland ocean energy sector, feeding into both home and export markets, could produce a total Net Present Value (NPV) of around €9 billion and provide…many thousands of jobs to both the Irish and Northern Irish economies…A key driver in the ongoing development of the wave and tidal energy sectors in Ireland has been the Offshore Renewable Energy Development Plan (OREDP)…” click here for more

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