Strategic Initiative for Ocean Energy Alex Raventos – WavEC

Background

• Potential contribution of wave & tidal energy to EU energy needs?

• Technology priorities of the sector?

• Commercial competitiveness?

• Status of policy and market conditions?

• Deployment & commercialisation?

SI

OCEAN

This project aims to unite the wave and tidal industry

behind a common agenda for commercialisation – paving

the way for exponential market growth from 2020 to 2050

Areas of work

Resource Assessment

Technology Assessment

Policy Analysis & Market

Deployment

Wave & Tidal Energy Resource Interface

Production Projections (2020 / 2030 / 2050)

Priorities / gaps / barriers Cost of energy assessment

Strategic Technology Agenda

Market Deployment Strategy Policy recommendations

/ Scenarios 2020 / 2030 / 2050

Coordinator Partners

Advisory board + stakeholder engagement

The AB consist of expert representatives from the main target and stakeholders groups

Interviews, consultation process and workshops with very large stakeholder engagement

Partners

Who is our audience?

Governments

Project

developers

Technology

developers Manufacturers

Utilities

Local

authorities

General public

Banks

Equity

investors

Policy

makers

Supply chain

operatives

OEM’s

A. Resource Assessment

Objective To estimate the practically extractable wave and tidal and to understand the potential contribution of wave and tidal energy to EU energy needs.

Key outputs

• EU wave and tidal resource map and interface

• W&T production projections for 2020 – 2050

A. Resource Assessment

SI Ocean wave and tidal resource map and interface

B. Technology Assessment

8

State of the

Art Report

Cost of Energy

Report

Supply Chain

Workshop

Gaps and Barriers

Report

Strategic Technology Agenda

Contribution to Market Deployment

Strategy

B. Technology Assessment: State of the art report

0

2

4

6

8

10

12

14

16

Num

ber

of concepts

develo

ped

Wave and tidal TRL

Wave Tidal

B. Technology Assessment: Cost of energy report

10

Expected LCOE evolution for tidal energy Recommendations on

How to drive LCOE down:

B. Technology Assessment: Gaps and barriers report

Technology themes and activities

Strategic

Technology

Agemda

C. Policy Analysis & Market Deployment

Objective To develop a coherent and succinct agenda for the near-term and longer-term commercial development of Europe’s ocean energy industry Key outputs •Policy Analysis Framework Report (Atlantic Arc) •Market Deployment Strategy

C. Policy Analysis framework report Member State Strategy Political will

U.K. Strategic plans Strong commitment (esp Scotland)

FRANCE Strategic plan

(due 2013)

Est 2012: France Energies Marines

IRELAND Strategic plans Financial constraints & focus on mature tech.

SPAIN National & Basque energy strategy Strong regional commitment & funding

DENMARK No dedicated strategy (Partnership for Wave Energy proposed plan)

Some investment in R&D – component focus

PORTUGAL National energy strategy Financial constraints & focus on mature tech.

C. Policy Analysis framework report

Objective To develop a coherent and succinct agenda for the near-term and longer-term commercial development of Europe’s ocean energy industry Key outputs •Policy Analysis Framework Report (Atlantic Arc) •Market Deployment Strategy

Countries Market pull Technology push

U.K. Approx. £280/MWh (5ROCs @ c. £45/MWh per ROC + wholesale power price)

Draft Strike Price: £305/MWh

MEAD, MRCF, ETI, TSB, Crown Estate (c.£80m)

FRANCE Approx. € 173/MWh €200m Capital support

Estb. FEM (€133m for 10yrs)

IRELAND Proposed but not implemented (€220/MWh)

Prototype Dev. Fund (€10m)

RE RD&D prgm (€3.5m)

SPAIN Moratorium suspending FIT BIMEP / INNPACTO

Ocean Lider (€15m)

DENMARK Approx. € 80/MWh Energinet.dk manages funds

Energy Agreement (£2.9m)

PORTUGAL Scheme halted

(decreasing system starting on €260/MWh)

FAI, QREN (not specific for W&T)

C. Policy Analysis framework report Member State Planning framework Leasing

process Infrastructure

focus

U.K. One-stop-shop

Marine Scotland – EU leader

Crown Estate Grid extension

PORTUGAL Under development

National Maritime Spatial Plan (since 2010)

Multi-agency

Wave Energy Pilot Zone

FRANCE Under development Multi-agency Grid upgrades

IRELAND Review of foreshore consenting regime (since

2010)

Could lead to one-stop-shop

Grid upgrades

SPAIN Complex and confusing Multi-agency

DENMARK Offshore wind one-stop-shop Too early

Final steps

- Hold Workshops with advisory groups on:

-Infrastructure / Finance / Legislation

- Development of production projections 2020/30/50

- Consultation process and publication of:

- Strategic Research Agenda

- Market Deployment Strategy

- SI Ocean ending in June 2014

Coordinator EU-OEA Rue d’Arlon 63-65 B-1040 Brussels

Contact person: Gema San Bruno g.sanbruno@eu-oea.com

SI Ocean website: www.si-ocean.eu

Partners Clare HANMER Abbie BADCOCK-BROE Alex RAVENTOS

Technology Strategy Manager European Marine Energy Policy Officer Head of Economics & Industry

Clare.hanmer@carbontrust.com.uk Abbie.Badcock-Broe@RenewableUK.com alex@wavec.org

Flemming SCHLÜTTER Davide MAGAGNA Henry JEFFREY

Senior project manager Energy Systems Evaluation Unit – JRC Henry.Jeffrey@ed.ac.uk

fls@dhigroup.com Davide.magagna@ec.europa.eu

Partners & Contact