Europe leads globally with more ocean energy technologies developed and patented than anywhere else, while the latest forecasts suggest that by 2050 ocean energy will meet the daily electricity needs of 76 million European households.
Ireland is in a prime position with world-class expertise in research and engineering, as well as attractive funding and enterprise support opportunities. Ireland has one of the largest ocean energy resources in the world. The Government’s climate action plan estimates there is long-term potential to generate 70GW of power from ocean energy (which comprises wind – including floating turbines – wave and tidal) across 100km of the Irish coastline.
To date, SEAI has awarded more than €20 million to 125 projects relating to ocean energy, as well as providing supports through EU co-funded projects.
A prototype developed by the SEAI, the US Department of Energy and Ocean Energy Buoy in Cork were about to be tested in Hawaii before being moved to Ireland for further testing. The platform can generate 0.5 megawatts of electricity at present; enough to power 500 homes.
Mr. Bruton, Minister for Communications, Climate Action and Environment of Ireland, has initiated a public consultation process on the level of renewable energy in road transport fuels. Transitioning to cleaner fuels is a key element in the Government’s climate action plan.
Since 2010, suppliers of road transport fuel have been required to ensure biofuels make up a certain %age of annual fuel sales. Since the start of 2019, it was at 10 percent by volume. From the start of 2020, the obligation will increase to 11 percent. This consultation seeks views on how we can further increase ambition over the coming decade.