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Ocean Energy Outlook: Nations to Turn their Ocean Energy Potential into Commercial Deployment

Ocean Energy Outlook: Nations to Turn their Ocean Energy Potential into Commercial Deployment


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Executive Summary

Ocean Energy Outlook, 2015: Nations to Turn their Ocean Energy Potential into Commercial Deployment

With the aim of tackling climate change and rising dependency on fossil fuels, governments worldwide are coming up with extensive and ambitious plans to develop renewable energy sources. The development and deployment of the ocean energy sector could play a key role by providing a relatively stable power supply, reducing greenhouse gas emissions, and facilitating job creation and economic growth in coastal areas. The four major sources of ocean energy are waves, tides, osmotic energy, and thermal energy.

The global marine energy industry is on the verge of moving from a nascent stage of development to commercial deployment, with the EU spearheading its efforts. There are a number of potential sites across the globe that are appropriate for harnessing marine power. The North American region and the UK are considered the focal points for the development of tidal energy projects. Other countries such as Canada, China, Japan, South Korea, Australia, France, Spain, Portugal, Israel, and Ghana are witnessing a number of active and upcoming ocean power projects and major deals in the ocean/tidal sector.

Scope

Regulatory framework of the North American, Asia-Pacific, Europe, Middle East and African ocean power sector

Upcoming ocean power projects and major deals in the North American, Asia-Pacific, Europe, Middle East and African region

Key developers and owners in the the North American, Asia-Pacific, Europe, Middle East and African ocean power market

Reasons To Buy

Understand the current state and potential of the North American, Asia-Pacific, Europe, Middle East and African ocean power sector

Gain insight into the regulatory framework for the ocean energy market in North America, Asia-Pacific, Europe, Middle East and Africa

Identify key developers and major undertakings in the North American, Asia-Pacific, Europe, Middle East and African ocean power sector

Identify upcoming projects and major deals in the North American, Asia-Pacific, Europe, Middle East and African ocean power market

1 Table of Contents

1 Table of Contents 1

1.1 List of Tables 1

1.2 List of Figures 2

2 Summary 2

3 Ocean Energy Outlook, 2015: Nations to Turn their Tidal Energy Potential into Commercial Deployment 3

3.1 North America 3

3.2 Asia-Pacific 10

3.3 Europe, Middle East and Africa 16

4 Appendix 24

4.1 Abbreviations 24

4.2 Bibliography 24

4.3 Methodology 25

4.4 Contact Us 27

4.5 Disclaimer 27

1.2 List of Figures

Figure 1: Ocean Energy Market, North America, Upcoming Projects, Total Installed Capacity and Key Developers, 2015 8

Figure 2: Ocean Energy Market, Asia-Pacific, Upcoming Projects, Total Installed Capacity and Key Developers, 2015 14

Figure 3: Ocean Energy Market, Europe, the Middle East and Africa, Upcoming Projects, Total Installed Capacity and Key Developers, 2015 21

1.1 List of Tables

Table 1: Ocean Energy Market, Canada, Supporting Policies, 2012 5

Table 2: Ocean Energy Market, North America, Active Projects 6

Table 3: Ocean Energy Market, North America, Top 10 Upcoming Tidal Power Projects, 2015 7

Table 4: Ocean Energy Market, North America, Upcoming Wave Power Plant Projects, 2015 7

Table 5: Ocean Energy Market, Americas, Major Deals, 2014-2015 9

Table 6: Ocean Energy Market, Asia-Pacific, Active Projects 12

Table 7: Ocean Energy Market, Asia-Pacific, Upcoming Tidal Power Projects, 2015 13

Table 8: Ocean Energy Market, Asia-Pacific, Upcoming Wave and Ocean Thermal Power Projects, 2015 13

Table 9: Ocean Energy Market, Asia-Pacific, Major Deals, 2013-2015 15

Table 10: Ocean Energy, Europe, Regulatory Framework, 2015 17

Table 11: Ocean Energy Market, the Middle East and Africa, Active Projects 18

Table 12: Ocean Energy Market, Europe, the Middle East and Africa, Top 10 Upcoming Tidal Power Plant Projects, 2015 19

Table 13: Ocean Energy Market, Europe, the Middle East and Africa, Top 10 Upcoming Wave Power Plant Projects, 2015 20

Table 14: Ocean Energy Market, Europe, the Middle East and Africa, Major Deals, 2014-2015 22

Table 15: Abbreviations 24

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Halcyon Tidal Power

Tidewalker Associates

Ocean Renewable Power Company

Fundy Tidal

Verdant Power

New Energy Corporation

Oceana Energy Company

Natural Currents Energy Services

Canoe Pass Tidal Energy Corporation

Emera

OpenHydro Group

Ocean Power Technologies

OTEC International

BioPower Systems

Daewoo Engineering & Construction

LOTTE Engineering & Construction

POSCO Engineering & Construction

Hyundai Heavy Industries

Tidal Energy Australia

Tocardo International

Akuo Energy

Aquamarine Power

Fortum Corporation

Iberdrola Ingenieria y Construccion

Pelamis Wave Power

SSE Renewables Holdings

ScottishPower Renewables (UK)

Atlantis Resources

Alderney Renewable Energy

DP Energy Ireland

Eco2

Electricite de France

Fair Head Tidal Energy Park

Marine Current Turbines

Nautricity

Nova Innovation

Ocean Flow Energy

Pulse Tidal

ScottishPower Renewables (UK)

SSE Renewables Holdings

Sea Generation (Kyle Rhea)

Tidal Lagoon Swansea Bay

Ocean, Energy, Tidal, Wave, Ocean Thermal, Power Plant, North America, Asia-Pacific, Europe, Middle East and Africa, Regulations, Policies, Deals, Upcoming, Active, Pilot, Renewable, Feed-in Tariffs, Installed capacity, Developers, Owners, Investment


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