Europe Leads in Ocean Energy

Laxman Pai
Friday, April 26, 2019

European tidal stream installations reached 26.8MW, and wave energy installations 11.3MW in 2018, according to yearly statistics published by Ocean Energy Europe.

Europe continues to lead the world in ocean energy deployments, and last year its tidal projects produced record volumes of electricity.

Annual installations - 3.7 MW of tidal stream capacity was put in the water in 2018. This represents more than twice the capacity installed in 2017, making this a solid year for tidal activity.

26.8 MW of tidal stream technology has been deployed in Europe since 2010. Of this, 11.9 MW is currently operating, and 14.9 MW has been decommissioned as projects successfully complete their testing programmes.

Over the past decade, the sector’s growth has been primarily driven by testing opportunities and RD&I funding programmes. From 2015 onwards, the first pilot farms, as well as high-capacity single devices, make up the bulk of installations.

Further acceleration is anticipated in the coming years, as there is a significant pipeline of tidal stream projects in Europe. Dedicated revenue support at national level is now needed to unlock these large-scale projects.

Six devices were deployed in Europe in 2018 as part of demonstration projects. Half of the turbines installed were rated above 500 kW and half below 150 kW. This reflects the two main development strategies followed by tidal stream players: preparing for utility scale projects and adapting to small scale/ island markets.

Further convergence towards a ‘wind-like’ – horizontal-axis turbine – design can also be observed, although a small number of vertical-axis turbines are also under development.

Annual installations - 500 kW of wave energy was installed in Europe in 2018, mostly from devices producing grid-ready electricity. Installations have been mainly driven by testing opportunities and RD&I funding.

Several wave device developers are also targeting niche markets, such as aquaculture and oil & gas, who are becoming off-takers for ocean-produced electricity. These sectors require electricity to support offshore operations, and make use of smaller, tailored wave energy devices.

Categories: Energy Europe Ocean News Tidal Tidal Energy

Related Stories

Seatrium Makes First Turnkey FPSO Delivery to Petrobras

Baker Hughes, Petronas Team Up for Asia-Pacific Energy Resilience

Valeura Makes Progress with Multi-Well Drilling Campaign in Gulf of Thailand

Four Jack-Up Drilling Rig Deals Set to Bring In $129M for Borr Drilling

Yinson Production Secures $1.17B Refinancing for FPSO Maria Quitéria

Petrovietnam, Partners Sign PSC for Block Off Vietnam

CNOOC Signs Hydrocarbons Exploration and Production Deal with Kazakhstan

Azeri SOCAR Plans New Agreements with Oil and Gas Majors

EnQuest Bags Two Production Sharing Contracts off Indonesia

VARD Snags $125M Shipbuilding Deal for Subsea Construction Vessel

Current News

SBM Offshore’s Jaguar FPSO Enters Drydock in Singapore (Video)

EnQuest Picks Up Offshore Oil and Gas Block in Brunei

CNOOC Finds Oil and Gas in South China Sea

Seatrium Makes First Turnkey FPSO Delivery to Petrobras

KBR-SOCAR Joint Venture Secures Work for BP in Azerbaijan

Baker Hughes, Petronas Team Up for Asia-Pacific Energy Resilience

EnQuest Acquires Harbour Energy’s Vietnamese Assets

Woodside Finds South Korean Partners to Advance LNG Value Chain

Valeura Makes Progress with Multi-Well Drilling Campaign in Gulf of Thailand

Santos and QatarEnergy Agree Mid-Term LNG Supply

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com