ABSTRACT
Our seas and oceans have the potential to become important sources of clean energy. Marine renewable energy, which includes both offshore wind and ocean energy, presents the EU with an opportunity to generate economic growth and jobs, enhance the security of its energy supply and boost competitiveness through technological innovation. Many companies are currently developing tidal energy devices with most being based in the EU. The development of tidal technology is taking place in countries with the major tidal energy resources: UK, France, and Ireland. Wave energy is highly predictable days in advance and compliments wind energy by generally achieving its peak energy after wind energy has reached its maximum. The chapter presents the target deployment predictions of the major policy agencies reviewing ocean energy. Chozas et al., conducted a comprehensive literature review of published data on historical costs, planned projects and reference reports that estimate capital expenditure for both wave and tidal.
