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The installation of a wave energy project in Taiwan marks the start of a new era of renewables generation in the island nation. But the combination of new technology and market uncertainty means the journey is far from over
Taiwan looks to the ocean again to meet net zero ambitions
JOINT VENTURE Sweden’s Eco Wave Power is partnering with local engineering firm Lian Tat Co to bring wave power generation to Taiwan
GLOBAL REACH Eco Wave Power are also developing wave energy projects in Israel and the United States
KEY QUOTE Our biggest challenge right now is not on the technological level but lies in the fact that wave energy is a relatively new source of clean electricity ...
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Combining untried wave power with well proved wind on a floating platform may forge a path to commercialisation of a hybrid solution to harnessing the energy of the seas.
While solutions are being found to many of the technological issues that have challenged wave power, the industry is still struggling to justify the investment required compared to the potential electricity generated
Robots have long been used by the offshore oil and gas sector to reduce the costs of installing facilities and operations and maintenance. The offshore renewables sector is starting to benefit from the technology, which could help it make significant cost savings if certain technical hurdles can be overcome
The focus on awarding contracts to the lowest bidders among established renewables technologies under Europe’s auctions of power purchase contracts could prevent less developed forms of renewable energy from reaching their potential
The photo essay on the following pages turns its focus on wind energy and reflects on its enormous power for helping us keep the planet fit and healthy for coming generations.
Offshore wind attracts investment, jobs and has the ability to severely cut emissions worldwide, which is why the world should aim for 1,400 GW of capacity by 2050, argue Benj Sykes and Stephen Bull, Co-Chairs of Ocean Renewable Energy Action Coalition (OREAC), a global coalition of offshore wind companies and international institutions on World Oceans Day (June 8)
Offshore wind’s complexities and high capital cost make it harder for the sector to gain a foothold in developing markets
The world’s ocean provides much of humanity’s foodstuff, carries the bulk of the world’s trade and acts as a store for enormous amounts of carbon dioxide. It is central to our climate goals and prosperity, says Graham Stuart, UK International Trade Minister, on World Ocean Day (June 8th, 2021)
Southeast Asia’s reliance on liquified natural gas is putting the region’s carbon reduction targets in jeopardy. But cost considerations currently outweigh environmental concerns
