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January 31, 2008 – Vol. 12 No. 45 Republic of Ireland Department of Communications, Energy and Natural Resources Launches Major New Ocean Energy Initiative. Over EUR 26 million ($38 million) in targeted funding will go to the sector over the next three years. The department also announced first ever guaranteed price for wave energy which is a significant boost for the future for ocean energy. Energy Minister Eamon Ryan said, “We have unparalleled ocean resources in Ireland. The aim behind this R&D funding is to enable Ireland to win the race of developing a full-scale, commercially viable ocean energy device for generating electricity.” In 2008, the initiative will include: – EUR 1 million ($1.5 million) towards a world class, state-of-the-art National Ocean Energy facility at the Hydraulics and Maritime Research Centre at University College Cork (UCC). The Facility will now have an advanced wave basin for the development and testing of early ocean energy devices. – EUR 2 million ($3 million) to support to develop a grid-connected wave energy test site at Annagh/French Point near Belmullet, Co. Mayo. – EUR 2 million ($3 million) in grants this year under the Ocean Energy Prototype Fund. This will help developers to make their devices commercial.
– The introduction, of a new feed-in-tariff under the Renewable Energy Feed-In Tariff (REFIT) scheme for wave energy of EUR 220 ($326) per MegaWatt Hour. – EUR 500,000 ($740,000) this year to establish an Ocean Energy Development Unit as part of Sustainable Energy Ireland (SEI). Operating with the support and assistance of the Marine Institute, this unit will oversee the implementation of the initiative. A 2005 study calculated that 1,900 jobs would be created by 2020 if Ireland invested in ocean energy technology. (1/15/08)
Links: Republic of Ireland Department of Communications, Energy and Natural Resources Hydraulics and Maritime Research Centre at University College Cork
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