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Marine energy market: Huge potential for the UK

Posted on 11 November 2008

From Commodities-now.com: Global warming, energy security and rising oil prices have resuscitated the marine energy sector. Ocean energy is a predictable and abundant source of energy with the ability to supply approximately 10% of the world’s electricity needs.

The value of worldwide electricity revenues from wave and tidal stream projects could ultimately be between £60bn (€77.40bn) and £190bn (€245.10bn) per year. The United Kingdom is a clear leader both in terms of activity and in terms of support to the sector. …. Full Article: Source


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VRS - who has written 39041 posts on Opalesque Commodities Briefing.


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