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Wave and Tidal Energy Market Volume Forecast and Value Chain Analysis 2016-2020
The report covers forecast and analysis for the wave and tidal energy market on a global and regional level. The study provides historic data of 2014 along with a forecast from 2014 to 2020 based on both volume (MW) and revenue (USD Million). The report also offers detailed competitive landscape of the global wave and tidal energy market. It includes company market share analysis, product portfolio of the major industry participants. The report provides detailed segmentation of the smart cities market based on energy type segment and region. Wave and tidal are the energy type segment of this market. There is no single dominant technology in the wave or tidal energy market. Both wave and tidal energy are capable of producing extensive benefits of economies of scale.
Major regional segments analyzed in this study include North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. This report also provides further bifurcation of region on the country level. Major countries analyzed in this reports are U.S., Germany, France, UK, China, Japan, India, and Brazil. Wave and tidal energy market was dominated by Europe in terms of capacity installations for wave and tidal stream power plants due to strong development of power plant in respective region. Additionally, Asia Pacific is expected to have high growth in the tidal energy sector.
Canada to create one agency to oversee offshore renewable energy projects
Canada is working on new rules for regulating offshore renewable energy projects, currently a patchwork of laws and procedures that can cause friction between producers and local communities.
The federal government is working on a set of comprehensive rules for approving and monitoring offshore energy projects and a single regulatory board to oversee them.
It's reviewing similar legislation in United Kingdom, Denmark, Germany, Netherlands and the United States.
Energy symposium recharges vision for youth retention
Exceeding last year’s attendance record, almost 400 people crammed into the Dr. Carson and Marian Murray Community Centre for the opening address Sept. 22, of the symposium that will focus on the region’s fledgling renewable energy sector. In attendance were high school attendance from across the region and it was pointed out on more than one occasion the work being done now to develop these renewable energy sectors is for their futures.
“By developing green energy we believe we can keep our people right here and even bring back those in Alberta through job creation,” Cumberland County Chief Administrative Officer [CAO] and Cumberland Energy Authority President Rene Bugley said.
Research project to study water turbulence
Black Rock Tidal Power is studying the turbulance in the Bay of Fundy’s Minas Passage.
Black Rock, in conjunction with the Department of Oceanography at Dalhousie University and Rockland Scientific International of Victoria, B.C., wants to measure the turbulence in the water where the company plans to deploy a tidal power renewable energy platform next year.
The deployment in Minas Passage is part of a larger international research project, InSTREAM, being conducted in conjunction with three United Kingdom partners FloWave Ocean Energy Research Facility, Ocean Array Systems and The European Marine Energy Centre and funded through the Offshore Energy Research Association and Innovate UK.
The objective of the InSTREAM project is to measure ocean turbulence that affects loads on turbine components and structure and that, in turn, affects the reliability and efficiency of tidal energy extraction.
Tocardo to test tidal energy technology in Canada’s Bay of Fundy later this year
Netherland based tidal energy company Tocardo will start testing four 250kW T2 bi-directional turbines in the Minas Passage of Canada’s Bay of Fundy in late 2017.
The company will carry out in-water testing of the turbines at the Fundy Ocean Resource Centre for Energy (FORCE) in the Minas Passage.
Tocardo president Hans Van Breugel said: “We are looking forward to demonstrating Tocardo’s capabilities in North America and hope to make Nova Scotia the centre of our future manufacturing operations.”