Cumulative energy produced from global wave and tidal stream sources has grown from less than 5GWh in 2009 to 45GWh in 2019, according to new research released this week. Ocean Energy Systems (OES), an intergovernmental collaboration under the auspices of the International Energy Agency (IEA), this week published its annual report, highlighting progress across the sector and outlining the various mechanisms being used worldwide to accelerate marine energy development. It noted that in the past 12 months, Canada amended its Marine Renewable Energy Act to extend feed-in-tariffs and power purchase agreements for tidal energy developers, while the US launched a new research and development initiative which aims to relieve power constraints in emerging coastal and off-grid markets through the wider use of marine renewable energy. OES chairman, Henry Jeffrey from the University of Edinburgh, said the start of the new decade “carries considerable promise for ocean energy”. “Important projects and deployments are being planned for the coming years as the mission to decarbonise intensifies and governments across the globe show increased interest in ocean energy technologies,” he added.
Business Green 17th March 2020 read more »