The ocean energy sector accelerated in 2023, according to the latest statistics released today by Ocean Energy Europe. Low market visibility in the past still impacts 2023 deployment figures but new revenue support at national level drastically changes the outlook. 137 MW of tidal and wave energy projects will seek deployment in the next 5 years thanks to EU funding and national revenue support. This prompted several energy majors to enter the field as investors or partners into projects and is kick-starting the sector’s industrialization.

The Bureau of Ocean Energy Management (BOEM) has completed its environmental review of Beacon Wind’s proposal to test suction bucket foundations on its lease area offshore Massachusetts. Based on the analysis in the environmental assessment, BOEM determined that the proposed testing will not cause significant impacts to environmental resources. Suction bucket foundations are an alternative foundation type that allow for installation of turbines without the need for pile driving.

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