EU plans €320m funding boost for budding ocean energy industry

Investment fund would help wave and tidal power to provide a tenth of the bloc's power by 2050

clock • 2 min read

The EU is proposing to spend hundreds of millions of euros to help the budding ocean energy industry to provide a tenth of the bloc's power by 2050. The boost would take the form of a €250m investment...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Marine

Government announces Marine Energy Taskforce

Government announces Marine Energy Taskforce

Energy Minister confirms plans for new industry-led taskforce to explore how to advance marine energy plans

clock 09 May 2025 • 2 min read
'Seas the day': How choices made now will determine the future of the ocean economy

'Seas the day': How choices made now will determine the future of the ocean economy

New analysis explores how governments and businesses could build a sustainable ocean economy that creates over 180 million jobs worldwide by 2050

clock 08 May 2025 • 5 min read
RWE draws underwater bubble curtain around offshore wind turbines to protect marine life

RWE draws underwater bubble curtain around offshore wind turbines to protect marine life

Bubble curtain technology deployed at 1.4GW Sofia Offshore Wind Farm to protect marine life from construction noise

Stuart Stone
clock 14 April 2025 • 3 min read