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Ocean Energy Europe, IRENA Partnership Announced (Int'l. Report)
Ocean Energy Europe,IRENA
Date: 2020-12-02
Brussels-based Ocean Energy Europe and the International Renewable Energy Agency (IRENA) are reporting a MoU to deepen existing cooperation to accelerate the commercialisation of ocean energy technologies by promoting policy incentives and innovative business models in Europe and globally.

Ocean energy presently accounts for roughly 530 MW of installed generation capacity globally. Tidal stream and wave projects currently under construction could add another 3 GW of installed capacity within the next five years -- 55 pct of it in Europe, 28 pct in Asia-Pacific and 13 pct in the Middle East and Africa.

IRENA foresees the potential growth of ocean energy of up to 10 GW of installed capacity by 2030 globally.

Not-for-profit Ocean Energy Europe is the largest network of ocean energy professionals in the world. Over 120 organisations, including Europe's leading utilities, industrialists and research institutes, trust OEE to represent the interests of Europe's ocean energy sector, according to its website. (Source: IRENA, Ocean Energy Europe, Energy Global, Dec., 2020) Contact: Ocean Energy Europe, Remi Gruet, CEO, +32 2 400 10 40, www.oceanenergy-europe.eu; IRENA, +971 241 79000, info@irena.org, www.irena.org

More Low-Carbon Energy News Ocean Energy Europe,  IRENA,  Wave Energy,  Tidal Energy,  

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