Business Opportunities from Marine Renewable Energy Development and Project Life Cycle Needs

Socio-economics: Ocean Renewable Energy Group (2012)

Report submitted to ACOA

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This document is intended to provoke a broader engagement in discussions about the potential for jobs and careers, and the business and economic role that can result as marine renewable energy resources are developed in Atlantic Canada for the benefit of generations to come. It attempts to break the “chicken-and-egg” issue by outlining some of the needed supplies, services and skills using terms that recognize their existing deployment in other industries. It also attempts to emphasize that in the next 1- 3 years, it is likely that three phases of tidal energy development that are anticipated to grow towards an industrial-scale development will be planned. Activities during these early stages of industry development will lay a foundation for careers and business activity that will sustain beyond current generations, and early-adopters can have a place in a new worldwide industry.

Keywords: supply chain