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OCEANERA-NET COFUND is a European network, part-financed by the European Commission's Horizon 2020 Programme, comprising 7 R&D financing agencies from 5 countries. Its mission is to contribute to furthering renewable ocean energy. This new initiative takes over from OCEANERA-NET, cofinanced by the EC's Seventh Framework Programme, in seeking to maintain Europe's leadership in the area of marine renewables, by facilitating the development of these promising technologies through to their commercial roll-out.

OCEANERA will also help ease the transition towards a sustainable and renewable energy system in 2030, implementation of the European Strategic Energy Technology Plan (SET Plan), the roadmap of the European Ocean Energy Forum and the Sustainable Development Goals of Agenda 2030.

The goal of OCEANERA-NET is to foster coordination and the resource-sharing amongst national and regional funding programmes, by issuing joint calls for transnational collaborative R&D projects related to ocean energy, and other international cooperation and knowledge transfer activities.

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