Energy

Europe’s ocean energy installations surge back to pre-Covid levels

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An overhead view of a tidal turbine from Orbital Marine Power on September 6, 2021.

William Edwards | AFP | Getty Images

European installations of tidal and wave energy capacity jumped in 2021, as the ocean energy sector saw deployments revert to pre-pandemic levels and a substantial increase in investment.

In figures released Thursday, Ocean Energy Europe said 2.2 megawatts of tidal stream capacity was installed in Europe last year, compared to just 260 kilowatts in 2020. For wave energy, 681 kW was installed, which OEE said was a threefold increase.

Globally, 1.38 MW of wave energy came online in 2021, while 3.12 MW of tidal stream capacity was installed. Capacity refers to the maximum…



Source cnbc.com

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