Ocean energy is evolving fast, with Europe as the world leader in installed capacity. OESA develops services to create new ocean energy parks in the North Sea, including tidal, current, and wave energy.
4 Building skills and networks
A fast transition to clean energy requires new skills and competencies to be available in industry supply chains. RIGHT and Inn2POWER both contribute to closing skills gaps in the green energy sector. For example, Inn2POWER has launched a popular offshore wind MBA course for smaller companies.
SCALE-UP and Northern Connections are creating networks that help specialised supply chain SMEs join up with business partners across the region. This enhances knowledge exchange and, in turn, real progress on the ground. Both projects are producing significant, tangible results such as, in the case of SCALE-UP, new clean technology investments of €29 million.
5 Improving governance
A great insecurity about future infrastructure and policy frameworks forms the backdrop for green energy initiatives in the region. Some of the biggest unresolved issues include the power grid and trade systems, which are becoming outdated.
Due to uneven, weather-dependent production, a green energy landscape requires more flexible systems for distribution and trade. Decentralised power systems also need to better integration. These aspects are ‘supertankers’ in the sense that they require high-level decisions and often large investments.