A new three-year action plan has been agreed to improve the marine energy consenting process in Wales.

Wales’ leading marine energy conference, hosted by Marine Energy Wales, will take place in Cardiff next year following two hugely successful years at Swansea Arena.

The new Marine Energy Wales State of the Sector Report 2023 has unveiled a record-breaking £103.4 million investment and spending in the Welsh marine energy sector, nearly quadrupling the previous year’s figures.

Europe still leads the world in tidal energy installations, and European tidal stream projects generated 50% more electricity in 2019 than the year before, according to new statistics released by Ocean Energy Europe.

Marine Power Systems (MPS) has been awarded £4.3 million by the European Regional Development Fund to accelerate the development of a floating offshore wind and wave technology that could transform the opportunities for energy generation in deep water locations.

Latest developments in the marine energy sector in Wales show ongoing growth and a steady stream of opportunities - despite the Government’s recent decision not to support the £1.3 billion Swansea Bay tidal power lagoon project. 

A new report says that access to funding, a coherent long-term strategy and greater collaboration are required make wave power work for the UK.

Arup has been appointed by Wave Energy Scotland (WES) to undertake two significant studies to identify alternative material choices for wave energy conversion devices.

Marine energy developer Wave-tricity has signed a contract with the Port of Milford Haven which will see the installation of a new pontoon at Pembroke Port.

The EU-funded MaRINET project which has given researchers and developers free access to wave, tidal and offshore-wind energy test infrastructures and has harmonised test practices will be followed by a second MaRINET 2 project under the EU's Horizon 2020 programme.