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The Business of the Environment.

NEIA is a not-for-profit association of businesses that promotes the development of clean technology and the growth of the green economy in Newfoundland and Labrador.   > MORE

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Events Calendar

This Week's Highlights

NEIA responds to Newfoundland and Labrador’s Speech from the Throne

Ocean Startup Challenge: $1.4 million in funding to entrepreneurs developing solutions to ocean industry challenges

CRIN launches $50 million Reducing Environmental Footprint Technology Competition

CRIN launches $25 million Low Emission Fuels and Products Technology Competition

ForecastNL Session: Dollars and Cents of Climate Change – The Economic Impacts of Climate Change in NL

Green Municipal Fund’s new funding initiative for community building retrofits

NEIA seeking input from its members and partners in submission to inform Canada’s Blue Economy Strategy

The Supply Chain for the Ocean Energy Industry in Ireland (MRIA, 2013)

The Marine Renewables Industry Association has released a discussion document on The Supply Chain for Ocean Energy in Ireland in particular those features that would help advance the national interests of the wave and tidal energy industry.

The developmentof an export market with the UK would provide a market for Irish ocean energy, but enabling actions are still required.Firms in the supply chain are aware of the ocean energy opportunity but need the confidence which would be provided by more overt Government leadership of the sector and, most important, the development of real business opportunities. In particular, the Irish Government needs to give the private sector the confidence to invest in ocean energy and enable business interests to build a base to serve world-wide marketsfor ocean energy equipment and services.

This can be achieved through the provision of:

• An allocation of ocean energy Renewable Energy Feed In Tariff (REFIT) to createincentives for early investment
• Clear consenting process administered by a single body (An Bord Pleanála) offering developers–whether of demonstration arrays or, later, of export oriented oceanenergy farms-a clear route to a
• fully consented site…with a proactive landlord in the
• form of the Department of Environment, Heritage and Local Government
• Capital grants regime which addresses the needs of device developers for substantial support at this critical emergent stage of ocean energy technology
• Clear route to grid access for demonstration arrays and, in time, ocean energy-based electricity exporters.
• A strong Ocean Renewable Energy Development Plan backed up by an implementation group with industry involvement

The authors conclude that, the absence of any of these elements would be a severe impediment to the growth of ocean energy in Ireland.

To Read the Report in full CLICK HERE.