Ocean-based electricity returns are ‘guaranteed’

COMPANIES that produce ocean-generated electricity will get guaranteed returns under a government plan to boost the use of renewable energy.

Ocean-based electricity returns are ‘guaranteed’

Communications, Energy and Natural Resources Minister Eamon Ryan yesterday unveiled a three-year €26m package to boost ocean energy production.

One element of the plan is a set price for wave energy which the Government says is “over and above” what producers would receive in the marketplace.

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