ENCORE

Energizing Coastal Regions with Offshore Renewable Energy
Priority Axis
Technological and Social InnovationSpecific objective
Technological Innovation
Lead partner
MET-support BVContact
Start Date
01/01/2020End Date
30/06/2022Project budget
8 508 762 €ERDF amount
5 105 257 €ERDF rate
60%About
Common challenge
Europe’s waters are an untapped source of renewable energy able to deliver 25% of our energy demand by 2050*. The 2Seas region is uniquely positioned: The Channel, North Sea and Delta's connect the regions and store abundant and unexploited energy from sun, wind, tides, currents and waves. This Offshore Renewable Energy (ORE) can power households and industry. The ORE sector is emerging rapidly and has the ambition to become a global industry leader.
2Seas companies could tap into a global annual market worth €100+BN. The sector is hindered in this ambition, as new prototypes are not developed based on a standardised protocols integrating previous lessons learned. The lack of this standardised prototype development is a significant market failure in the sector, as certification following standardised development is crucial for further capital investment in companies, bankable projects, and scaling-up the sector as a whole.
*10% from tidal & wave energy and 15% from offshore solar