Marine Power Generation Market Report Published

Friday, October 12, 2012

'Wave & Tidal Energy Analysis to 2030 for US, Canada, the UK, Portugal, Australia and Republic of Korea (South Korea)' report issued.

This excerpt from the market report promulgated by ReportsnReports.com focuses on the UK sector:

Governments are embracing marine power as they attempt to combat climate change & an increasing dependence on fossil fuel and the UK has huge potential for marine power and is considered the most attractive destination to develop marine projects in Europe. Development in the ocean energy sector could significantly reduce greenhouse gas emissions and pollution, create direct and indirect employment, and lead to the economic development of coastal areas. It shows that the marine energy industry is in the emerging stages of development, and the UK is home to the R&D resources needed to further develop these power generation technologies. However, the industry will have to find ways to cut costs in order to win the world over.

Energy from the ocean could play a vital role in the UK’s ambition to achieve an 80% cut in carbon emissions by 2050, with the UK government setting a target to develop 2,000 megawatts (MW) of marine installed capacity by 2020. It was estimated by the Department of Energy and Climate Change that the country has wave energy potential of approximately 50 terawatt-hours(TWh) per year and tidal energy potential of approximately 17 TWh/year, which represents an enormous 50% share of Europe’s marine potential.

Thanks to this capacity, the UK has become a hub for marine research centers and leading marine energy companies, and boasts the world’s second largest tidal range in the Severn Estuary. The country is testing a large number of wave and tidal technologies with the support of the European Marine Energy Centre, which has 14 full-scale testing berths in the Orkneys region. As a result of this, the UK is heading the innovation race in marine energy technology, boasting the highest number of projects in a single country currently being actively demonstrated.

The full report can be ordered here.

Maritime Reporter November 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Technology

PlateSmart Ups Security at Port Tampa Bay

Port Tampa Bay, Florida’s largest maritime port and the 16th largest in the United States, has elected to implement PlateSmart's ARES enterprise license plate recognition-based video analytics system.

NSRP Awards $11m for R&D Project Portfolio

The Executive Control Board of the National Shipbuilding Research Program (NSRP) has selected a new round of research and development projects for award, as part

Liquefaction Terminals to Dominate LNG Capital Expenditure

Capital expenditure (Capex) on global LNG facilities is expected to total $259 billion (bn) over the period 2015-2019, with investments expected to be 88% larger

Offshore

Teekay Petrojarl Contracts Damen for FPSO Upgrade

Damen Shiprepair Rotterdam (DSR), part of Damen Shiprepair & Conversion (DSC), has been awarded an EPC contract by Petrojarl I LLC for the upgrade of its FPSO Petrojarl I.

DNV GL Targets Safer Approach to Subsea Lifting

The completion of a joint industry project (JIP) to improve existing standards and regulations around subsea lifting operations has resulted in a new recommended practice (RP).

Polarcus Awarded 3D Project Off West Africa

Polarcus Limited has signed a letter of intent with Perenco Oil & Gas Gabon S.A. for a 3D marine seismic acquisition project offshore West Africa.   The project,

Energy

Liquefaction Terminals to Draw Big Spending

Liquefaction terminals to dominate forecast LNG capital expenditure   Capital expenditure (Capex) on global liquefied natural gas (LNG) facilities is expected

Oil is on the Rise

Oil prices rose in early trading on Monday as Asian markets opened strongly into a holiday-shortened week and as consensus spread that Brent crude prices would

Fighting for Ports Escalates in Libya

Military planes loyal to Libya's recognised government attacked on Sunday an opposing force that is seeking to seize the country's two biggest oil ports, officials said.

 
 
Maritime Contracts Maritime Standards Naval Architecture Navigation Pipelines Pod Propulsion Port Authority Salvage Ship Simulators Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1347 sec (7 req/sec)