Tidal stream and wave power – a lot still to prove

about.bnef.com, 20 Aug 2014 12:22

Global installations of tidal stream and wave power are set to grow to 148MW and 21MW respectively by the end of this decade, from almost nothing today, according to new research from Bloomberg New Energy Finance, but these are still trifling amounts in the context of the world’s power system. The emergence of marine renewable energy technologies is taking longer than hoped, due to project setbacks, fatigue among venture capital investors, and the sheer difficulty of deploying devices in the harsh marine environment. This latest forecast represents a downward revision from the figures of 167MW for tidal stream and 74MW for wave that Bloomberg New Energy Finance published a year ago.

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