UK ‘best destination for marine power projects’

Waterbriefing tells us that the UK is ‘the most attractive destination to develop marine energy’ by the following item in their most recent newsletter

 

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The UK has huge potential for marine power and is considered the most attractive destination to develop marine projects in Europe, a new report by energy experts GlobalData has stated.

 

The new report, ‘Marine Power (Wave and Tidal) – Installed Capacity, Levelised Cost of Energy (LCOE), Profiles of Technology Developers and Key Country Analysis to 2030,’ shows that the marine energy industry is in the emerging stages of development, and the UK is home to the R&D resources needed to further develop these power generation technologies.

 

Energy from the ocean could play a vital role in the UK’s ambition to achieve an 80 per cent cut in carbon emissions by 2050, with the UK government setting a target to develop 2,000 megawatts (MW) of marine installed capacity by 2020. It was estimated by the Department of Energy and Climate Change that the country has wave energy potential of approximately 50 terawatt-hours(TWh) per year and tidal energy potential of approximately 17 TWh/year, which represents an enormous 50 per cent share of Europe’s marine potential.

 

Thanks to this capacity, the UK has become a hub for marine research centres and leading marine energy companies, and boasts the world’s second largest tidal range in the Severn Estuary. The country is testing a large number of wave and tidal technologies with the support of the European Marine Energy Centre, which has 14 full-scale testing berths in the Orkneys region. As a result of this, the UK is heading the innovation race in marine energy technology, boasting the highest number of projects in a single country currently being actively demonstrated.

 

The report covers cost break-up for wave and tidal projects, profiles of major technology providers and installed capacity forecasts to 2030. Countries covered in the report include the US, Canada, the UK, Portugal, Republic of Korea and Australia.


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