Government Makes Waves In Renewable Energy Sector

Andrew Parish, CEO of Wavebob Ltd, Ireland’s leading wave-energy development company, has hailed the Ocean Energy Initiative launched by Irish Energy Minister Eamon Ryan as the Government's most progressive step to date in wave energy development in Ireland.

"As a wave energy world-leader, we believe that today’s announcement gives Irish wave technology companies a significant advantage in a rapidly developing and competitive global sector," Mr Parish said. "For many years, we at Wavebob Ltd have been calling on Government to develop Ireland as an international centre of wave energy excellence and I am delighted to see that each element of the initiative announced today is in line with our recommendations."

"The new guaranteed price for wave energy of 0.22 cent per KW hour is a particularly encouraging incentive for wave energy companies who are spending millions of Euro on the research and development of innovative wave technology."

Mr Parish has revealed that this price, combined with the other measures announced, succeeds in accelerating the development of commercial wave energy farms and will make wave energy facility investments a "much more attractive" proposition for major electrical utilities.

"'Blue' power produced from the waves, will, in the long-term, be much cheaper for the consumer, safer for the environment and will have the added bonus of creating thousands of jobs here in Ireland," he concluded.

Wavebob Ltd recently claimed they are the first Irish company and one of only a handful worldwide to have successfully harnessed wave power.

Recent trials in Galway bay of their prototype ocean wave energy converter were successful in producing electricity, putting the company firmly amongst the frontrunners of a small number of international companies vying to be the first to provide commercial-scale wave-power.


Related Irish News Stories
Click here for the latest headlines.

13 January 2011
Carnegie To Explore Marine Energy Potential
Australian renewables developer Carnegie Wave Energy has agreed a deal with the Irish Government to explore potential sites for marine energy installations around the country's coastline.
06 July 2018
An Garda Síochána Saves Over €9m In Energy Costs
An Garda Síochána has saved more than €9 million in energy costs after becoming the first police force in the world to achieve the globally recognised international energy management standard (ISO 50001).
01 February 2010
Wind Farm Academy To Boost Donegal
A National Wind Energy Academy is being established at Letterkenny Institute of Technology as part of a €500,000 initiative being backed by the Donegal County Development Board. The first phase will see the development of a wind turbine maintenance programme which will be delivered in conjunction with BZEE, a German centre for renewable energy.
18 January 2017
Solar Energy Firm To Create 60 New Jobs
Dublin-based solar energy firm, BNRG, has announced a new joint venture that will lead to the creation of 60 new jobs. In partnership with French company Neoen, BNRG will develop, construct, own and operate a portfolio of 23 new solar projects in the South and East of the country.
11 October 2012
Green Light For Tidal Energy Farm
Bord Gáis and its Irish tidal energy partner, OpenHydro were today awarded exclusive rights to develop a 100MW tidal energy farm off Torr Head on the north coast of Antrim. The project, potentially the first of its kind in the island of Ireland, is expected to be completed by the year 2020.