Tidal energy could protect the security of Europe's energy supplies

[Gothenburg, Sweden, January 22, 2014.] Nordic marine energy technology company Minesto welcomes the proposals by the EU's Commissioners for Energy and Maritime Affairs to develop the potential of the renewable energy sector in EU's coastal regions.

 
On January 20, the EU's Commissioners for Energy and Maritime Affairs announced proposals to develop the potential of the renewable energy sector in EU's coastal regions. The Commissioners stated that "seas and oceans have the potential to generate huge economic growth and much-needed jobs" and that tidal energy could protect the security of Europe's energy supplies, which is currently increasingly reliant on imported gas, and also that investments in so-called "blue energy" could boost job creation.
 
The proposals are welcomed by Minesto's CEO Anders Jansson: "It is truly exciting that the European politicians realize the potential for tidal energy to play this important role in a sustainable future, contributing to economic growth especially in fossil fuel dependant countries. Minesto welcomes the plans and sees that our development plans are in line with EU's strategies."

Minesto recently announced that its marine power plant Deep Green is now producing electricity in the waters off Northern Ireland, which is seen as a break-through for the entire renewable energy industry.

"With Deep Green we will be able to produce renewable electricity with high reliability to a cost that will compete, or even be lower, than conventional energy sources. It is encouraging that the EU also appreciates the potential for marine energy in EU."