By Frédéric Simon | EURACTIV.com The European Commission’s offshore energy strategy, presented in November, set the bar high for tidal and wave power, aiming for a total installed capacity of 1 GW by 2030 and 40 GW by 2050. The…
Even in a year as challenging as 2020, ocean energy devices hit the water, significant investments deals were signed, and new manufacturing facilities launched. According to statistics released today by Ocean Energy Europe, tidal and wave energy devices were installed…
After securing a private placement of 9 MEUR, CorPower has extended its equity funding to 20.3 MEUR, for the commercial scale demonstration of its wave energy technology. The investment round was led by Midroc New Technology and included SEB Greentech…
The design of a brand-new European insurance fund for the ocean energy sector is underway, to slash the costs of the first commercial projects and accelerate the roll-out of this exciting new industry. Ocean Energy Europe (OEE) has appointed risk…
SIMEC Atlantis Energy (SAE), the global sustainable energy generation company and technology developer, is pleased to announce that its Scottish built tidal turbine and generation equipment have been successfully installed in the Goto Island chain in Japan. The tidal turbine…
After the announcement of the acquisition of the Tocardo OTP project in October 2020, the company worked hard to complete the commissioning- and testing phase of this unique project. On Monday 1st February the Oosterschelde Tidal Powerplant, made up of…
World-leading marine energy company Nova Innovation has announced a ground-breaking project to produce Scotch whisky distilled by tidal power in the Sound of Islay. Nova Innovation will install a series of underwater turbines between the isles of Islay and Jura…
Portuguese authorities have joined the Swedish Energy Agency, EIT InnoEnergy and private investors to support CorPower’s flagship HiWave-5 demonstration project in northern Portugal. The investment supported by the European Union is provided through the NORTE 2020 Program operated by aicep…
Sustainable Marine is forging ahead with plans to deliver the world’s first floating tidal energy array after unveiling its next-generation platform in Nova Scotia, Canada. Construction of the pioneering new 420kW PLAT-I 6.40 floating tidal energy platform was recently completed…
SABELLA takes over the tidal energy assets from GE Renewable Energy following the terms of an agreement signed on the 18th of January 2021. These assets gather all the tidal energy concepts developed by GE Renewable Energy since 2003, including…
