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  • Stream or OTEC Projects Are Operati

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    Ashiq Sheeban
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    Three tidal stream projects totaling 17 MW of capacity in Scotland and France are operational, along with a planned 1 MW wave energy array in Sweden. Two 10 MW ocean thermal energy conversion projects led by DCNS in Martinique and Lockheed Martin in China are also in development. While 15 GW of additional ocean energy capacity is planned, only a fraction is likely to be realized due to challenges including withdrawn public and private funds caused by economic slowdowns and falling oil prices, as well as technologies not meeting initial cost expectations. Several countries are now challenging traditional leaders the UK and US in ocean energy development.

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    Three tidal stream projects totaling 17 MW of capacity in Scotland and France are operational, along with a planned 1 MW wave energy array in Sweden. Two 10 MW ocean thermal energy conversion projects led by DCNS in Martinique and Lockheed Martin in China are also in development. While 15 GW of additional ocean energy capacity is planned, only a fraction is likely to be realized due to challenges including withdrawn public and private funds caused by economic slowdowns and falling oil prices, as well as technologies not meeting initial cost expectations. Several countries are now challenging traditional leaders the UK and US in ocean energy development.

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    13 views1 page

    Stream or OTEC Projects Are Operati

    Uploaded by

    Ashiq Sheeban
    Three tidal stream projects totaling 17 MW of capacity in Scotland and France are operational, along with a planned 1 MW wave energy array in Sweden. Two 10 MW ocean thermal energy conversion projects led by DCNS in Martinique and Lockheed Martin in China are also in development. While 15 GW of additional ocean energy capacity is planned, only a fraction is likely to be realized due to challenges including withdrawn public and private funds caused by economic slowdowns and falling oil prices, as well as technologies not meeting initial cost expectations. Several countries are now challenging traditional leaders the UK and US in ocean energy development.

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    © All Rights Reserved
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    stream or OTEC projects are operational we find three tidal stream commercial

    projects accounting for 17 MW of capacity (two in Scotland and one in France) and a
    1 MW commercial wave energy array in Sweden are to be commissioned shortly. A host
    of OTEC projects are also gathering momentum, with two 10 MW schemes being
    developed, one by DCNS in Martinique and the other by Lockheed Martin in China. If
    all planned commercial projects reach fruition then an additional 15 GW of ocean
    energy capacity will come online over the coming years, however in reality a
    fraction of this is likely to be delivered. Whilst the traditional leaders of this
    sector, namely the UK and US, continue to develop flagship projects we find other
    countries such as South Korea, Ireland, the Netherlands and China are now
    challenging their dominance. Despite these positive developments a large number of
    projects have been suspended largely as a result of public and private funds having
    been withdrawn due to slow economic growth, falling oil prices and a failure by
    marine energy technology developers to deliver on initial expectations about their
    technologies’ potential cost-effectiveness. The wave energy sector has

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