• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business Energy

Europe could gain €140bn from ocean energy by 2050, study suggests

4 years ago
in Energy, highlights, Home, home-news, latest News
1 min read
0 0
0
46
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Europe could gain €140bn from ocean energy by 2050, study suggests

ETIP Ocean has released results from the Gross Value Added (GVA) study stating that there is a significant benefit to be generated by supply chain activity servicing global (European and non-European) deployments of ocean energy to 2050. 

The GVA study, authored by the University of Edinburgh, presents results, analysis, and high-level policy recommendations quantifying the potential economic benefit, in terms of GVA, to the European economy of the development of wave and tidal energy technologies in Europe and their deployment globally to 2050.

Additionally, the study looks into the impact on the economic benefit of the overall European supply chain strength for domestic and international deployments.

The benefit had been calculated for three deployment scenarios based on and beyond the achievement of the Strategic Energy Technology Ocean Energy Implementation Plan (SET Plan) targets of €100/MWh for tidal and €150/MWh for wave by 2030.

Must Read: CBN threatens to suspend FX operating license of banks involved in forex malpractice

The total GVA benefit to the European economy these deployments has a potential range of €59 billion to €140 billion across the three scenarios presented in the report.

RelatedPosts

Businesses Flock to Ethiopia’s Newly-Opened Banking Market

Among Africa’s Top Performing Currencies — the Zambian Kwacha

PIAC Urges Increased Investment in Petroleum Sector as Ghana Projected to Capture 20% of West Africa’s $80bn Oil and Gas Market by 2033

“The analysis indicates that the strength of the domestic supply chain has a significant impact on the proportion of this economic benefit reaped by the European economy. That is to say, there is significant opportunity offered to Europe, provided policy is enacted to reduce costs to or beyond the SET Plan targets, prioritise local content for domestic deployments and exports alike, and attract deployment to European waters”, said the advisory body.

The report is a result of the collaboration with the European Commission Joint Research Centre and International Energy Agency (IEA), with ocean energy deployment figures based on inputting consistent SET Plan cost projections to European and global energy systems models.

Source: offshore-energy
Via: norvanreports
Tags: Europe could gain €140bn from ocean energy by 2050IEAStrategic Energy Technology Ocean Energy Implementation Plan (SET Plan) targetsstudy suggests
No Result
View All Result

Highlights

BoG Reviewing Consumer Recourse Mechanism to Address Gaps in Complaint Redress System, Says 2nd Deputy Governor

A Look at the Opportunities and Challenges as North America Gears Up for the 2031 Women’s World Cup

Black Stars Nominated for National Team of the Year at 2025 CAF Awards

Parliament to Hold Special Hearings on Extractive Industries’ Impact on Jobs and National Development

Ghana’s Economy Ranked Among 14 African Economies at High Risk of Short-Term and Commercial Vulnerability

Dangote Plans Refinery Upgrade to Dethrone India and Lead the Global Refining Market

Trending

Business

Businesses Flock to Ethiopia’s Newly-Opened Banking Market

October 22, 2025

Businesses Flock to Ethiopia's Newly-Opened Banking Market Ethiopia is opening its banking sector to foreign players for...

Among Africa’s Top Performing Currencies — the Zambian Kwacha

October 22, 2025

PIAC Urges Increased Investment in Petroleum Sector as Ghana Projected to Capture 20% of West Africa’s $80bn Oil and Gas Market by 2033

October 22, 2025

BoG Reviewing Consumer Recourse Mechanism to Address Gaps in Complaint Redress System, Says 2nd Deputy Governor

October 22, 2025

A Look at the Opportunities and Challenges as North America Gears Up for the 2031 Women’s World Cup

October 22, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.