National revenue support a must for next phase of ocean energy development, says new report

Dedicated revenue support at national level is essential to attract investment for ocean energy farms, according to a new report from sectoral advisory body ETIP Ocean. The report ‘Powering Homes Today, Powering Nations Tomorrow’ analyses the challenges faced by the sector on the route to industrial roll-out and proposes four actions to overcome them. Alongside revenue support, a model for ‘blended’ public finance will allow the next round of ocean energy projects to reach financial close.