EU Ocean Energy Fund

€7 Million EU Ocean Energy R&D Fund Opens First Call for Proposals

European leaders and captains of industry signaled their commitment to accelerating the development of ocean renewable energy at Ocean Energy Europe 2014. Ministers from France, the UK, Ireland, Portugal and Greece all highlighted European collaboration as the key to commercialisation. Industrial heavyweights such as DCNS, GDF SUEZ, Alstom and Siemens also fielded senior representatives to outline their plans for ocean energy deployments.

Speaking at the event, Dr Sian George, CEO of Ocean Energy Europe, said: "Ocean energy will play a big role in decarbonising and securing Europe's energy supply. Today showed that European political and industrial leaders will do whatever it takes to turn ocean energy into a fully-fledged commercial sector. The industry will work with the EU and its Member States to get as much kit in the water as possible before 2020, with full commercial roll-out following after."

Irish Energy Minister, Alex White said: "I very much welcome the opportunity that this Ocean Energy Annual Conference has given for so many key stakeholders to come together. International collaboration is key to understanding and overcoming the challenges the ocean energy sector faces to realising its commercial potential. To that end I am delighted to announce that Ireland will be hosting the 2015 Annual Ocean Energy Europe Conference in Dublin."

Scottish Energy Minister Fergus Ewing said: "Scotland is blessed with a wealth of natural resources and is at the forefront of developing marine energy technology thanks to an abundance of ocean resource and world-leading test facilities at the European Marine Energy Centre. However, to make wave and tidal stream technologies viable and cost effective is going to take the best engineers and the best brains from across Europe.

We see a collaborative model as the way forward and the time has come for this industry to unite. The Scottish Government is committed to working with its partners from across the European Union to support the development and commercialisation of the ocean energy industry and allow Europe's ocean energy sector to stay ahead in the race."

Notes Ocean Energy Europe is the trade association for renewable ocean energy. It has nearly 100 members made up of Europe's most important ocean energy stakeholders. Its annual conference, Ocean Energy Europe 2014, took place in Paris on 1-2 October 2014. The 2015 edition will take place in Ireland.

Source: OceanEnergyERANET

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