With the first three tidal energy farms under construction and a number of full-scale wave energy devices going into the water, 2016 may well turn out to be the take-off year for the ocean energy industry.
First power from the pioneering MeyGen tidal energy plant in the UK's Pentland Firth is on track to being flowing later this year, after the first four turbines to be installed were unveiled today at a ceremony attended by the First Minister of Scotland, Nicola Sturgeon.
Finnish start-up AW-Energy's WaveRoller device will be scrutinised by certification body Lloyd's Register to pave the way toward commercialisation of the technology, following an agreement signed between the two companies.
Privately-held Irish wind developer Gaelectric says it has completed a £56m ($85m) fundraising round for its onshore pipeline across Ireland, with the full slug of money to be ploughed into projects using Enercon turbines.
Israeli wave energy technology developer Eco Wave Power (EWP) has signed a deal with the Ocean University of China (OUC) that is expected to lead to the installation of large arrays of the company’s “wave-environment specific” devices along Chinese coastlines.
State-owned Irish energy group Bord Gais successfully raised €500m ($642.4m) in a bond auction, shoring up its finances as it puts its shoulder into a major renewables build-out over the next three years.
Wave power developments on the edge of the UK continental shelf off southwest England and the west coast of Scotland could generate 11% of Britain’s future needs, according to new research from government-industry body the Carbon Trust.
Scotland’s claim to the driver’s seat within the UK’s emerging marine renewables sector has been strengthened by a new Crown Estate report confirming the vast gap between Scotland’s potential future capacity compared to other countries in the UK.
Australian utility Power & Water (P&W) has signed a memorandum of understanding with compatriot Tenax Energy to build a 2MW tidal power plant tapping the Clarence Strait near Darwin in the Northern Territory.