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Australia invests A$329 million to transform Blue Economy

The Australian government announced launch of the largest ever Cooperative Research Centre (CRC) to drive an evolution in marine-based industries, unlocking economic, environmental and technological benefits for a Blue Economy. 

Ocean energy requires EU support, report says

The report ‘Powering Homes Today, Powering Nations Tomorrow’, was launched by ETIP Ocean and analyses the challenges faced by the sector on the route to industrial roll-out and proposes four actions to overcome them. The ocean energy industry forecasts that 100GW of wave and tidal energy capacity can be deployed in Europe by 2050, meeting 10% of Europe’s current electricity needs.

Marine Energy Wales launches state of sector report

Marine Energy Wales has released a new report at its annual conference, highlighting that £96.2 million has been invested into the Welsh economy. The ‘State of the Sector’ report is based on the findings of a survey and provides an update on a 2017 report, outlining developments that took place in Welsh waters.

Top 10 countries most ready for energy transition

Sweden ranks at the top of the ten countries reported to be the most ready for energy transition, according to World Economic Forum’s Energy Transition Index (ETI), comparing the energy sectors of 115 countries and analyzing their readiness for energy transition.

Australia wins exploration licence for first offshore wind project

The Australian Government approved a deed of licence, allowing Offshore Energy Pty Ltd (OEPL) to undertake resource exploration for the Star of the South, the country’s first offshore wind farm. This licence allows OEPL to conduct activities to assess wind resources and seabed conditions, in order to understand if an offshore farm is technically feasible.

Offshore wind hits milestone in UK

Offshore wind generation in the UK increased by 28% during 2018, resulting to a record-breaking 8% for UK’s electricity, as reported by the Department for Business, Energy and Industrial Strategy. The wind capacity rose by 1.2GW, due to large projects opening or being expanded, such as the 659MW Walney Extension offshore wind farm.

Port of Esbjerg: Exciting perspectives ahead for the North Sea

Speaking during the Port of Esbjerg’s annual meeting, Chairman of the Board Flemming N. Enevoldsen, informed that the wind business is flourishing. If Denmark succeeds in seizing the opportunity, the wind hub of the North Sea may prove to be the green equivalent of the Norwegian oil adventure, CEO of Energinet, Thomas Egebo, noted. In addition, more Ro-Ro cargo and more ship calls mean that the Port has delivered a satisfactory profit for 2018.

New project eyes creation of a gigawatt electrolysis plant

A consortium of Dutch companies, universities and knowledge institutions have teamed up on the ‘Gigawatt Electrolysis Factory’ project, recently kicked-off at the Institute for Sustainable Process Technology, aiming to investigate what it takes to build a gigawatt-sized electrolysis plant in the Netherlands around 2025-2030. 

EU approves extension of LNG terminal in Świnoujście, Poland

Under EU State aid rules, the European Commission has approved Polish plans to support the increase of the regasification capacity (from 5 to 7.5 billion cubic metres per year), as well the development of additional functionalities, of the LNG terminal in Świnoujście, Poland.

Danish gov grants new LORC turbine testing facilities

The Danish government has allocated DKK 50 million, 6.7 million euros, for new wind turbine testing facilities at the Lindø Offshore Renewables Center (LORC). Overall, the facilities will cost DKK 300 million. The grant given is the largest ever to be awarded for the Danish wind turbine industry, whereas the 600-800t nacelles set to be tested are also the country’s largest to date.

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