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Policy & Funding

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6% of Welsh people think renewable energy development should decrease, research shows
Policy & Funding

6% of Welsh people think renewable energy development should decrease, research shows

New research by RenewableUK Cymru has found that 71% of Welsh people believe renewable energy development should increase, with just 6% saying it should decrease, and 58% want Wales’s future energy system to be mainly or entirely based on renewable energy. New polling published by RenewableUK Cymru

about 6 months ago
Wales introduces new deal to drive its renewable energy potential
Policy & Funding

Wales introduces new deal to drive its renewable energy potential

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The Welsh government has launched the Renewable Energy Sector Deal, a strategic partnership between the government and industry, focused on ensuring that Wales meets its renewable energy targets and unlocking the full economic potential of its renewable energy future. Central to the Renewable Energy

about 7 months ago
New UK tidal energy capacity – What we know so far
Policy & Funding

New UK tidal energy capacity – What we know so far

Inyanga Marine Energy Group’s HydroWing Tidal Energy Projects has secured a contract for an additional 10 MW of capacity in the UK government’s Contracts for Difference (CfD) Allocation Round 7 (AR7) for what will, once fully developed, become the world’s largest tidal energy project. Of note, the U

about 8 months ago
Offshore Energy Recap 2024
Policy & Funding

Readers’ choice: Offshore Energy’s most-read news in 2025

As the offshore energy sector continued to navigate the energy transition and technological development, but also uncertainty, 2025 saw continued shifts in policy, investment, and project development across the global energy landscape. To mark the year’s end, the Offshore Energy editorial team looks

about 9 months ago
SUMMER SALE: Up to 50% off on advertising on offshore-energy.biz
Policy & Funding

SUMMER SALE: Up to 50% off on advertising on offshore-energy.biz

Offshore Energy has launched a summer sale with up to 50% off on advertising packages, ending on July 31. Use this opportunity to book your advertising campaign and multiply ways to increase exposure to the industry! Get 15% off for one, 25% off for two, and 50% off for three products or more. Conta

about 1 year ago
worker looking at tidal turbines
Policy & Funding

UK firm secures almost $5M for Morlais tidal energy demonstrator build

UK-based Inyanga Marine Energy Group has raised £3.7 million (approximately $5 million) in fresh investment to support the build of a tidal energy demonstrator for the Morlais project in Wales. According to Inyanga, the funding round includes backing from the British Business Bank via The FSE Group

about 1 year ago
Seaturns' wave energy device deployed near Brest (Courtesy of Seaturns/Photo by Stéphane LESBATS/Ifremer)
Policy & Funding

Seaturns raises €2.45 million to launch full-scale wave energy demonstrator

French wave energy developer Seaturns has secured €2.45 million to support the industrialization and deployment of its wave energy technology, following a fundraising round backed by 1,543 investors on the LITA.co platform. According to Seaturns, the round also included contributions from long-stan

about 1 year ago
ZOEX's wave energy converter (WEC) technology. Source: ZOEX
Policy & Funding

UK’s first female-founded wave energy firm raises $700K to advance its tech

Aberdeen-based ZOEX Power has secured £531,000 (around $715,000) in funding to support the development of its wave energy converter (WEC) technology. The round includes investment from angel syndicate Equity Gap, alongside backing from the University of Strathclyde and Scottish Enterprise. The inves

about 1 year ago
Wave energy developer Eco Wave Power has started infrastructure upgrades at its 1 MW wave energy project in Porto, Portugal.
Policy & Funding

Eco Wave Power pays first installment for wave energy project in Portugal

Wave energy developer Eco Wave Power has paid the first installment, 50% of the grid connection fee, for its planned 1 MW wave energy station in Porto, Portugal. The payment was made to E-REDES, the Portuguese electricity distribution system operator. Eco Wave Power also formally accepted the Connec

about 1 year ago
French engineering group Setec has acquired a majority stake in UK-based Sealand Projects, strengthening its marine engineering and offshore wind capabilities.
Policy & Funding

Setec expands marine engineering reach with Sealand Projects acquisition

French engineering group Setec has acquired a majority stake in UK-based Sealand Projects, strengthening its marine engineering and offshore wind capabilities. According to Setec, the acquisition expands the company’s service offering in the marine renewables sector and enhances its presence in the

about 1 year ago
Balmoral Comtec has invested £1 million (approximately $1.3M) in a new Wave and Current Simulation Facility at Balmoral Business Park in Aberdeen.
Policy & Funding

Balmoral Comtec invests $1.3M in wave and current simulation facility

Balmoral Comtec, part of Balmoral Group, has invested £1 million (approximately $1.3M) in a new wave and current simulation facility at Balmoral Business Park in Aberdeen. According to Balmoral Comtec, the facility is designed to simulate surface, subsea, and seabed conditions for testing offshore

about 1 year ago
Ocean Harvesting Technologies opens financing round to advance wave energy tech
Policy & Funding

Ocean Harvesting Technologies opens financing round to advance wave energy tech

Sweden’s Ocean Harvesting Technologies has launched a €200,000 financing round to support further development of its InfinityWEC wave energy converter (WEC) in 2025. The move is part of a larger €700,000 capital requirement for 2025-2027. InfinityWEC is currently being developed under two EU-funded

about 1 year ago
Fish population survey in Portugal to provide data for HiWave-5 and future installations
Policy & Funding

CorPower Ocean and NTNU join forces on AI-controlled wave energy tech

Swedish wave energy developer CorPower Ocean has secured funding from Sweden’s national innovation agency, Vinnova, to integrate artificial intelligence (AI) into its wave energy technology in collaboration with the Norwegian University of Science and Technology (NTNU). According to CorPower Ocean,

about 1 year ago
Wavepiston has secured a €900,000 investment from two professional investors through The Blue Line, a Dutch joint venture company.
Policy & Funding

Wavepiston secures €900K investment for wave energy expansion

Danish wave energy firm Wavepiston has secured a €900,000 investment from two professional investors through The Blue Line, a Dutch joint venture (JV) company. The Blue Line is backed by Connect the Drops, a Dutch investment fund focused on the water sector, and Unknown Group, a venture capital firm

about 1 year ago