Oceans Powering the Energy Transition: Progress Through Innovative Business Models

Francisco Boshell, Renewable Energy Markets and Standards Analyst, IRENA, shared his views on the role of oceans as a sustainable resource supporting the global energy transition.

Offshore renewables are the key to reach our climate and sustainable goals, according to Boshell, who highlighted offshore wind, but also some 100 GW of renewable energy potentially coming from ocean energy by 2050.

IRENA, which is set to publish its Ocean Energy report on 1 December, believes that when it comes to ocean energy OTEC and wave power have the highest potential and could easily cover the global electricity demand.