Marine Energy in Wales
Marine energy is about harnessing the energy from the sea – including waves, tidal streams and tidal range – to generate electricity. Wave energy refers to the act of harnessing and using energy that is produced by surface waves from the ocean. Tidal stream energy makes use of the kinetic energy of moving water to power turbines. Tidal range energy make use of the potential energy in the difference in height (or head) between high and low tides. Wales has huge potential to assist in the national and international drive to lower our reliance on fossil fuels and move towards a low carbon future through the use of its abundant marine renewable energy resources.
To date, Wales has provided the following:
- €100.4 million EU structural funds prioritised for marine energy.
- The wave and tidal stream sector has spent nearly £35m and created 174 person years of employment within the Welsh supply chain. (See economic evaluation report).
- The industry could potentially deliver up to £840m of GVA impact to Wales and deliver 24,000 person‐‐‐years of employment.
- Two Demonstration Zones and two Enterprise Zones.
- Seabed agreements in place for three separate wave and tidal stream projects and a number of proposals for significant tidal range projects.