The SET Implementation Plan for Ocean Energy (IP) was adopted by the SET-Plan Steering Committee on 21 March 2018. The IP was prepared by a Temporary Working Group (TWG), with representatives from the European Commission, Member States and other stakeholders. For the execution of the IP, the TWG has evolved to assume the role of the Implementation Working Group (IWG).
To date, support for the OE sector has focused on developing research and roadmaps setting out the aspirations of the wave and tidal sector. The principle of the IP is to transform those aspirations into operational actions. The actions listed within the IP are primarily based on the Ocean Energy Strategic Roadmap, which has been agreed by the EC, Member States, Regions, stakeholders and the wider ocean energy industry.
The ambition of the IP is to outline a structured approach that will enable wave and tidal technologies to follow a credible development path, with the ultimate goal of developing a commercially viable industry and products. The target timescale presented in the IP is 2025 for tidal technologies and 2030 for wave technologies.
OceanSET will assist the IWG to continue their work in delivering on the targets established in the IP. In particular, OceanSET will focus on assessing the progress of the ocean energy sector and will monitor national and EU-funded projects in delivering successful support. Relevant data will be collected annually and will be used to inform Members States and the EU Commission on progress in the industry, It will also be used to review what does and does not work and to assess how to maximise the benefits of the funding streams provided across the Member States, Regions and the EC.