Economic reseach

In addition to measuring the actual energy production, it is important to identify which system can be used best in which specific location. This will increase the outcome of cost-benefit analysis, which will take into account both the construction and maintenance costs. An economic research group will improve the feasibility models for tidal energy plants.

The primary objective of this work package is to identify and investigate all aspects that play a role in the planning, development and operation phase of tidal power facilities regarding public-private partnerships. This includes the comparison of laws and regulations
in various countries and in the EU and to make recommendations for harmonization. A second objective of this WP is to increase the public awareness about the possibilities of tidal energy as part of the EU policy of energy transition from fossil to renewable resources and the possibilities for employment and private investments in this sector.

Public private partnerships

The majority of tidal energy developments are likely to be funded by the private sector. However, the public sector has an important role to play in de-risking the development process and increasing public awareness of tidal energy systems. Pro-Tide will also connect commercial and public parties and actively look for investors.

The partnership will commence this work package with a joint workshop on the topic of public-private partnership. An inventory in this workshop should lead to the identification of all aspects that play a role in the design of PPP. In different discussion groups these aspects will be elaborated globally. Then the different PPP-constructions will be mapped. From this analysis, the Province of Zeeland will, together with local sub-partners, elaborate one of the possible models for the situation in Zeeland.

Legislation

In a joint study the regulation and legislation of different countries were analyzed and compared. A checklist regarding necessary permits for companies who want to build and explore a tidal energy facility will be made and if possible recommendations for harmonization of regulations in Europe will be made.

To stimulate students at universities to specialize and go on working in the tidal energy sector, a Master Course will be developed and led by LOG. By doing this, LOG will initiate a transnational network of universities with research departments on renewable energy technologies and will stimulate the mobility of students between these universities.

On the theme of public-private partnerships, public awareness, education and the special test centre facilities, the Isle of Wight Council will organize an international conference. Check back in for details.

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