April 3, 2014
The world of energy is dynamic as exploration of managing the means to deploy sustainable energy applications becomes more critical. The benefit to oceanic energy is the endless supply of power derived. The means to capture this energy source is being explored said the “Ocean energy chief: Wave and tidal power can boost European industry” for years to come.
“To commercially deploy ocean energy technology will require €500 million in investment before 2020, grid roll-outs, a common European framework, public-private partnerships and, ideally, feed-in tariffs, Remi Gruet told EurActiv. But its advantages could more than outweigh that.”
A target of providing 100GW in ocean energy by 2050 is our long term vision but by 2025, we also have a target for the market roll-out of ocean energies. By 2015, we expect to have a few of those technologies being reliable enough to be deployed. By 2020 we expect to have a better cost-confidence and by 2025, we expect to have market rollout beginning with the first cost-competitive commercial farms.
The Commission and Ocean Energy Europe worked together to design the energy forum [for 2016] in a way that would enable industry, the Commission and member states to identify core issues and solutions for the sector, and implement them. We have two meetings planned – one in Brussels this Friday, 4 April, and one in Dublin on 11 June, and these will gather stakeholders, industry representatives, academics, think tanks, member states and the Commission together.
Our objective is to leverage €500 million by 2020 and the roadmap can deliver part of that objective. We hope that it will get member states together to agree on the framework for supporting ocean energy. That needs to be concerted so that we have a very good result at European level, and we have competition across countries that are interested in the sector. What we need is a consistent framework across different countries so companies are not jumping from one framework to another and have better access to projects than at the moment,” reports Eur Activ.
As you analyze international energy applications, nations are seeking complex solutions derived out of need, cost, application and functionality. The vast energy solutions separate are remedies but solutions will derive out of synthesis of solutions supported by technological platform composed of data, smart grid and infrastructural diagnostics that lead to sustainable solutions for residents, government and business.
As Europe has identified wind, solar and efficiency solutions as viable options, oceanic power is one more step to a full source plate of applications that derive enhanced and supported energy. The outcomes nations seek to achieve will come out innovation and new methods to produce energy that is not prohibitive to the local and surrounding environment.