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Released July 21, 2014 | GALWAY, IRELAND
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Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland)--The European Commission (E.C.) has awarded more than 100 million euros ($136 million) in funding to three pioneering marine energy projects.
The funding formed part of a larger 1 billion euro ($1.36 billion) payday for 19 renewable energy and climate change projects across the region. The NER300 fund comes from revenues generated by businesses that have to pay for carbon permits under the Emissions Trading System (ETS), to offset the pollution from their industrial plants or power stations. For additional information, see July 14, 2014, article - 1 billion For Leading European Clean Energy Projects.
The three winning projects are the ESB WestWave project in western Ireland (23.3 million euros), the NEMO project off the French-owned island of Martinique in the Caribbean sea (72.1 million euros) and the SWELL project in Portugal (9.1 million euros).
ESB WestWave, located 1kilometer off the coast of County Clare, is a 5-megawatt (MW) project using a grid-connected array of five 1-MW wave energy converters (WEC). The WEC, together with the hydraulic power take-off and shore based power train, is being tested first at the European Marine Energy Centre site at a smaller scale of 0.8 MW.
John McSweeney, Head of Innovation, at ESB commented, "Ireland's oceans have the potential to provide large quantities of indigenous, renewable energy and reduce our dependence on imported fossil fuels. Demonstration projects like ESB WestWave are critical if we are to realize the ultimate aim of progressing to larger commercial scale projects and a low carbon future. The funding award announced today is a huge boost to the ESB Westwave project and to ocean energy development in Ireland and Europe."
The NEMO project is the largest of the three projects with a potential generating capacity of 16 MW, enough to power around 35,000 homes. Located off the coast of the French island of Martinique, it will use a moored barge that will house four turbo-generators. Each turbine will produce roughly 4 MW, resulting in a total nominal installed capacity of 16 MW, with a maximum available capacity of 10.7 MW. The power will be exported to the grid via a subsea cable to a substation at an existing conventional fossil fuel power plant.
"The success of the NEMO project is a source of pride for Martinique and all the French overseas regions," explained Eric Scotto, Akuo Energy CEO. "This decision on a European level consolidates the development of our group in insular tropical regions, on the most appropriate Marine Renewable Energy (MRE) technology for these specific areas."
In Portugal, the SWELL project will have a generating capacity of 5.6 MW. It will be built on the coast a few miles north of the Peniche Peninsula, central Portugal, and consist of 16 350-kilowatt (kW) modules.
View Project Report - 300035104
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.
The funding formed part of a larger 1 billion euro ($1.36 billion) payday for 19 renewable energy and climate change projects across the region. The NER300 fund comes from revenues generated by businesses that have to pay for carbon permits under the Emissions Trading System (ETS), to offset the pollution from their industrial plants or power stations. For additional information, see July 14, 2014, article - 1 billion For Leading European Clean Energy Projects.
The three winning projects are the ESB WestWave project in western Ireland (23.3 million euros), the NEMO project off the French-owned island of Martinique in the Caribbean sea (72.1 million euros) and the SWELL project in Portugal (9.1 million euros).
ESB WestWave, located 1kilometer off the coast of County Clare, is a 5-megawatt (MW) project using a grid-connected array of five 1-MW wave energy converters (WEC). The WEC, together with the hydraulic power take-off and shore based power train, is being tested first at the European Marine Energy Centre site at a smaller scale of 0.8 MW.
John McSweeney, Head of Innovation, at ESB commented, "Ireland's oceans have the potential to provide large quantities of indigenous, renewable energy and reduce our dependence on imported fossil fuels. Demonstration projects like ESB WestWave are critical if we are to realize the ultimate aim of progressing to larger commercial scale projects and a low carbon future. The funding award announced today is a huge boost to the ESB Westwave project and to ocean energy development in Ireland and Europe."
The NEMO project is the largest of the three projects with a potential generating capacity of 16 MW, enough to power around 35,000 homes. Located off the coast of the French island of Martinique, it will use a moored barge that will house four turbo-generators. Each turbine will produce roughly 4 MW, resulting in a total nominal installed capacity of 16 MW, with a maximum available capacity of 10.7 MW. The power will be exported to the grid via a subsea cable to a substation at an existing conventional fossil fuel power plant.
"The success of the NEMO project is a source of pride for Martinique and all the French overseas regions," explained Eric Scotto, Akuo Energy CEO. "This decision on a European level consolidates the development of our group in insular tropical regions, on the most appropriate Marine Renewable Energy (MRE) technology for these specific areas."
In Portugal, the SWELL project will have a generating capacity of 5.6 MW. It will be built on the coast a few miles north of the Peniche Peninsula, central Portugal, and consist of 16 350-kilowatt (kW) modules.
View Project Report - 300035104
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.
